FinTelegram Financial Intelligence
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URGENT CONSUMER WARNING: Beware of Fund Recovery Scams Involving AnyDesk and TeamViewer!
It must be clearly stated that fund recovery with scammers is not successful in 99% of cases. Likewise, 99% of fund recovery schemes are also scams. These are facts. It has come to our attention through various victim reports that certain so-called “fund recovery” companies, including those such as Pay Back Ltd, may be engaging in dubious practices that could further endanger your financial security and personal privacy.
Latest Updates
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Urgent Warning Against CTMATADOR Broker Scam, Still Chasing After Victims!
FinTelegram has warned against the super-aggressive broker scam CTMatador many times, but it is still chasing victims. We have received new complaints from victims. In our review on Dec 8, 2023, no payment options have been available. Thus, it seems as if the scam is about to vanish. Several regulators have already issued warnings against CTMatador. Nevertheless, the scam is still active. If you have lost money, please get in touch with us!
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Chasing Oligarchs: Roman Abramovich Allegedly Used Lithuanian Citizenship Of His Children To Escape Sanctions!
Lithuania is on the brink of a legislative overhaul following a startling revelation involving Russian billionaire Roman Abramovich and his children's use of Lithuanian passports. The Baltic nation's interior minister, Agnė Bilotaitė, announced plans to push for legal changes that would enable the revocation of citizenship from naturalized Lithuanians, posing a national security threat. Abramovich allegedly used his children's Lithuanian citizenship to shield assets from international sanctions.
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Binance Founder Ordered To Stay In The U.S. After His Plea Deal, A Court Ordered!
In the latest twist in the ongoing legal drama surrounding the crypto world, a federal judge in Seattle has put the brakes on Changpeng Zhao's travel plans. The former Binance CEO, widely known as "CZ" in the crypto community, wanted to return to the United Arab Emirates after his guilty plea in a super-high profile money laundering case. However, he has been ordered to remain within U.S. borders, awaiting his sentencing in Feb 24.
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Next In Line: Terra Luna Founder Do Kwon Allegedly Extradited To The U.S. Prosecutors!
In a saga worthy of a financial thriller, Terra Luna’s Do Kwon, once a high-flying name in the digital asset industry, is now facing the music for his alleged financial misdeeds. Known for his role in manipulating the TerraUSD stablecoin, Kwon's actions precipitated a jaw-dropping $40 billion crash, drawing the ire of prosecutors from the U.S. to South Korea, all clamoring for a piece of justice. Allegedly, Kwon will be extradited to the U.S. from Montenegro.
Payment Processors
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Urgent Warning Against VentureXchange Broker Scam!
On Nov 15, 2023, the German regulator BaFin issued a warning against the VentureXchanges a/k/a VentureseXchanges broker scam. This is allegedly operated by PIX POINT CONSULTING LTD, registered in the UK, and has already attracted attention as the operator of the PixPalPro scam. Other regulators have also issued warnings against this entity. Stay far away; protect your financial health and your data.
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Attention: Another Regulatory Warning Against Broker Scam Tools4Deals!
A few weeks ago, we issued a warning against the black-listed broker scam Tools4Deals. The Dutch regulator AMF has the broker on its warning list. Today, the Spanish regulator CNMV has also issued a warning against the scam. The payment agent for credit/debit cards is Admirra, which is registered in the UK. Stay away, protect your financial health and your data.
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Urgent Warning Against Tools4Deals Broker Scam
The Dutch Financial Markets Authority (AMF) warned against the broker scam Tools4 Deals in September 2023. Of course, the website does not provide any information about the legal entity. Addresses in Amsterdam and Singapore appear in the emails and on the website. The payment processor for credit/debit cards is Admirra, which is registered in the UK and officially acts as a provider of courses for trading. Stay far away!
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Urgent Warning Against the Trade Tech Broker Scam Facilitated By MoonPay!
The Spanish regulator CNMV has warned against the broker scam Trade Tech. It is allegedly operated by Zermatt Group LLC, registered in St. Vincent & The Grenadines. Potential victims can lose their money via credit/debit card deposit or via crypto. As a payment processor, we have once again discovered MoonPay, via which potential victims buy their cryptos using credit/debit cards. Stay far away and protect your money!
Cybercrime Court Cases
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British Hedge Fund Trader And Main Suspect In the Cum-Ex Scheme Extradited To Denmark!
Sanjay Shah, a British hedge fund trader, has been extradited from the UAE to Denmark to face trial over allegations of a massive tax fraud scheme, Reuters reported. Shah, arrested in Dubai last year at the request of Danish authorities, is the main suspect in a "cum-ex" tax fraud case involving fraudulent applications for $1.8 billion in dividend tax refunds. He has consistently denied any wrongdoing.
Regulatory Updates
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From Billionaire to Insolvency: The Not-So-Glamorous Fall Of Fallen Real Estate Tycoon René Benko!
In a plot twist that could inspire a tragicomedy, René Benko, the once-glorified Austrian entrepreneur and founder of the Signa Group, has officially fallen from his billionaire pedestal. The man who made a grand entry on the Forbes Billionaires List in 2019 with a whopping $5 billion is now grappling with the insolvency of his empire - a situation as precarious as walking on a tightrope over a canyon of debts.
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Attention: UK Regulator FCA Issues Warning Against Crypto Exchange Poloniex!
On December 6, 2023, the UK Financial Conduct Authority (FCA) issued a significant warning against the renowned cryptocurrency exchange Poloniex, its Panama-based operator Polo Digital Assets, Inc. This move highlights the increasing vigilance of global regulators towards unregistered or unregulated entities in the burgeoning crypto sector. Poloniex, one of the leading crypto exchanges globally, has come under scrutiny with the FCA's warning.
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Impressive: German Broker Trade Republic Secures Banking License!
Berlin-based fintech Trade Republic has achieved a significant milestone by obtaining a full banking license from the German financial supervisory authority, BaFin. This development places Trade Republic alongside prominent fintech banks like N26 and Solaris, expanding its capabilities beyond its current status as a securities trading bank. Previously, the broker partnered with licensed banking partners like Deutsche Bank.
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