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Urgent Warning: Don’t Be A Pig! Don’t Get Butchered! Do Not Fall For Tinder Trading Scams!
Anyone looking for love on the Internet can quickly become the focus of criminals. In Bavaria, Germany, alone, at least €20 million has been scammed via single exchanges and social networks, according to the Zentralstelle Cybercrime. Investigators call the rapidly spreading fraud method “Tinder Trading Scams.” Scammers try to contact potential victims via dating portals such as Tinder or social networks such as LinkedIn.
Latest Updates
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U.S. SEC Investigates Withdrawals Before The Silicon Valley Bank Collapse!
According to a Bloomberg report, the U.S. Securities and Exchange Commission (SEC) is investigating withdrawals made from Silicon Valley Bank (SVB) before its collapse. The inquiry allegedly focuses on whether private equity firm executives withdrew funds from their personal accounts at the bank before their clients. The SEC has requested the necessary records, PYMNTS reports.
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Urgent Warning Against CityTrade Broker Scam!
German regulator BaFin has warned against the CityTrade broker scam, which offers retail clients trading in Forex, CFD, and Crypto with margin loans of up to 100%. The operator is said to be CityTrade PLC, which we have not found. Potential victims can lose their money via credit/debit cards and crypto deposits. You should not fall for this trading scam! Stay far away and protect your data and financial health.
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Qatargate: Suspected Lawmaker Eva Kaili Asks To Return To EU Parliament!
EU lawmaker Eva Kaili, arrested five months ago as part of the Qatargate investigation into corruption allegations within the European Parliament, is now preparing to return to work. The Belgian prosecutor announced that she is no longer under house arrest. She allegedly asked to return to the EU Parliament. Kaili's lawyers confirmed that she can now resume her duties. However, travel restrictions still prevent her from attending plenary sessions in Strasbourg.
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Sentenced Start-Up Founder Elizabeth Holmes Began Her Prison Sentence!
On Tuesday, Elizabeth Holmes, the disgraced entrepreneur convicted of defrauding investors in her failed blood-testing start-up, Theranos, began her 11-year, three-month prison sentence by reporting to a federal facility in Texas. The New York Times reports that she arrived at F.P.C. Bryan, a minimum-security prison camp for women near Houston, accompanied by what appeared to be her mother and her father inside the vehicle.
Payment Processors
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Exposed! The Turkish Broker Scam Network Around CGS Apps, Airsoft, And Crypto-V2!
In recent months, we have noticed an increasing number of schemes on the scam radar operated or facilitated via Turkish companies. Torsa Teknoloji Bilişim Pazarlama ve Ticaret Ltd. Şti. d/b/a CGS Apps in Istanbul operated as an illegal payment processor for broker scams like the vanished ONOTEX. CGS Apps officially sells various products and services related to Forex and CFD trading. Here is our first report on this black-rated Turkish scheme.
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What Happened With The Vanished Crypto Payment Processor Finanic?
Finanic, a payment processor in Estonia with a crypto license from the FIU, has been involved as a payment facilitator in numerous broker scams. Now Finanic OÜ, founded by Latvian Arturs Eglitis, has been deleted. Already in June 2022, the license was archived, and liquidation was announced. Finanic Ltd, which is registered in the UK, is still active. The website www.finanic.io also vanished. We would like to know more about the disappeared payment processor and their operators.
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Attention! The Many Victims Of The CTMatador Broker Scam!
FinTelegram has already issued many warnings about the super-aggressive broker scam CTMatador. The last one was in November 2022. Standard payment options have been disabled for some time now. It seems that CTMatador is preparing to vanish, but victims continue to report their losses. Most recently, many victims may have made crypto deposits to CTMatador and lost them. The boiler rooms behind the scam are still active. If you have lost money, please get in touch with us!
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Another Urgent Warning Against Offshore Brokers SpotInvest And BBanc!
FinTelegram has warned several times against the offshore broker scams SpotInvest and BBanc. However, they are still chasing victims. In the past, both scams were operated through Primis LLC, which is registered in St. Vincent & The Grenadines. Various financial market regulators and FinTelegram issue some warnings. Since then, the websites of SpotInvest and BBanc stated the fake companies SpotInvest Inc. and BBanc Inc., respectively, as the operators. Stay far away and do not lose money; protect your financial health.
Cybercrime Court Cases
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German Tax Lawyer Sentenced To 99 Months Prison Time For His Role In The Cum-Ex Scheme!
After the trial, which lasted just under a year, the court considered it proven that the accused tax lawyer Hanno Berger had participated in cum-ex stock deals between 2006 and 2008, which led to unjustified tax refunds of €113 million. He was sentenced to eight years and three months in prison. In 2017, the Attorney General's Office brought charges against Berger and five former Hypovereinsbank employees from London and Munich for serious tax evasion.
Regulatory Updates
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Crypto Payment Processor Mercuryo Announced Partnership With Solana!
Today, Mercuryo, a crypto payment processor owned by Russian entrepreneurs, announced a collaboration with Solana, a prominent blockchain project. Solana, founded in 2017 by Anatoly Yakovenko, has gained significant traction in the crypto industry and aims to onboard its first billion users. Mercuryo's cooperation with Solana aims to provide various payment solutions for user onboarding within the Solana ecosystem.
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Breaking: Law Enforcement Action Day Against Drugs-Related Money-Laundering Network!
On May 30, 2023, authorities in Italy and Spain carried out a joint operation to apprehend 33 individuals involved in a global money laundering syndicate. The suspects from Italy, Albania, Colombia, Morocco, and Syria, had established an extensive network of international companies to launder illicit funds. They offered professional criminal services to conceal the origins of proceeds from illegal drug trafficking in South America.
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Urgent Warning Against OXShare Broker Scam!
Spanish regulator CNMV on Monday issued a warning against unauthorized forex, CFD, and crypto broker OXShare. This is allegedly operated by Oxshare Limited, registered in St. Vincent & The Grenadines or St. Lucia. We have only found an Oxshare Prime LLC in the company registry but cannot determine if it is affiliated with the broker. In any case, you should stay far away and protect your financial health.
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European Funds Recovery Initiative (EFRI) is a non-government organization with the mission to support scam and cybercrime victims.
