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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.
|Legal entity||Primis LLC est. Feb 2022|
Spotinvest Inc. (fake)
BBanc Inc. (fake)
|Corporate agent||Euro-Caribbean Trustees Ltd|
|Jurisdictions||St. Vincent & The Grenadines|
Island of Moheli
registered on the Island of Moheli as a brokerage firm
|Payment options||Bank wire|
Crypto via credit card CoiniChanger (https://coini-changer.com)
Crypto via credit card Mirhax (https://mirhax.com)
Black Rabbit (https://brpay.io)
|Warning||CNMV, FCA, FCNB, AMF, FCA|
Primis claims to be registered as a broker with the Mwali International Services Authority on the Island of Moheli. The website also states a Spotinvest Inc. is an operator. This is all smoke and mirror. These offshore entities are either fake or empty shell companies.
No broker scam can work without facilitating payment processors. In our BBanc review, we have discovered Coini-Changer, ChargeMoney, the Russian-Canadian Black Rabbit, a registered money services business (MSB), and the Lithuanian crypto payment processor and exchange operator Mirhax payment processor. The latter is registered with the Lithuanian FNTT (Financial Crime Investigation Service). In our review on 6 Feb 2022, SpotInvest and BBanc do no longer list any payment options but inform the new registrants that the account manager (boiler room agent) will give them the payment data.
If you have any information about the scams SpotInvest, BBanc, FX Changer, their operators, and their facilitators, please let us know via our whistleblower system, Whistle42.
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