We recently received a complaint from PandaTS because we reported on the scam clients of the Israeli FinTech of Maor Lahav and Shmuel Gutman. The General Legal Counsel threatens FinTelegram with legal action if we would not stop with the reports. However, the fact is that many large scams operate as a white label solution on their platform. This includes SafeMarkets or XTraderFX by Gal Barak, who has already been sentenced to several years in prison for this. Currently, the InvestXE scam platform is also running on PandaTS. On September 15, the FMA in New Zealand issued a warning against InvestXE.
The crypto-based broker InvestXE (www.investxe.com) is allegedly operated by InvestXE Capital LLC a/k/a InvestXE LLC, registered in St. Vincent and the Grenadines. However, it is likely that the broker runs on the servers of PandaTS in Cyprus and thus in the EU. The broker is active in four languages: English, Spanish, Italian, and German. According to the Financial Services Authority (FSA) records in SVG, InvestXE Capital LLC was registered in November 2020 with the registration number 675. The notorious Wilfred Services Ltd founded this offshore entity, the company builder for hundreds of other scam operators.
A whistleblower recently provided information proving that the same operators and boiler rooms are behind Trade99 and InvestXE. One of the co-operators and payment processors of Trade99 was ClearTransfer, where one of the key figures, Andreas Theodosiou, is the director. Please read this report here.
If you have any information about PandaTS and their scam clients like InvestXE, please share it with our team via our whistleblower system, Whistle42.