Ben | FinTelegram News

Author: Ben

December 4, 2023

Urgent Warning Against Broker Scam CapitalMarket24!

The Austrian Financial Market Authority FMA recently issued a warning against the broker scam CapitalMarket24. On the scam's website, the operator is Capital Forex Markets Ltd, which is allegedly authorized by the UK FCA. This is, of course, bullshit. Potential victims can lose their money via credit/debit cards with Smart Pay acting as a payment facilitator. Stay far away and protect your money and your data.

December 3, 2023

Worthwhile Reading: The Binance Scandal: A Turning Point in Crypto’s Battle Against Money Laundering!

This article is based on the insights of Casey Michel, the author of “American Kleptocracy.” It reflects on the broader implications of the Binance scandal..

December 1, 2023

Urgent Warning Against Corny Solutions And Its Broker Scams!

We recently warned against Corny Solutions LLC, registered in St. Vincent & The Grenadines, and their scam AlfaTrade. This offshore entity is also operating the LyxMont broker scam. The IsoTrader scam is also operated by the same people via a fake company in St. Lucia. As a payment processor, we have discovered Payepo, which handles credit/debit card payments. Stay away, and protect your financial health and your data.

November 30, 2023

Another Urgent Warning Against FXG Markets Broker Scam!

A few weeks ago, FinTelegram issued a warning against the broker scam FXG Markets a/k/a FXG Markets Investment. The scam claims to be regulated by the alleged UK-Authority MFA and EMA (European Markets Authority). However, these regulators do not exist. We learned from our whistleblowers that FXG Markets is still aggressively attacking consumers. Stay far away; protect your financial health and your privacy!

November 28, 2023

The Binance FinCEN Monitoring: Next In Line Are Partners Including Advcash!

The landmark settlement between crypto exchange Binance and U.S. authorities, including the DOJ, OFAC, and FinCEN, The agreement contains explosive material for the crypto industry. This settlement mandates Binance to exit the U.S. completely and puts the crypto exchange under strict FinCEN monitoring. It has to report 100,000 suspicious transactions retrospectively, which will potentially expose partners such as Advcash.

FinTelegram

November 27, 2023

Swiss Julius Baer Severely Impacted By Collapse Of Signa Group!

The collapse of the Austrian real estate conglomerat Signa Group, led by the controversial real estate magnate Rene Benko, is having a significant impact on its banking partners, notably the Julius Baer Group. The Swiss wealth management firm is grappling with a substantial exposure of 606 million Swiss francs ($687 million) linked to Benko’s collapsing real estate scheme. The Signa srama continues to unfold with more bank feeling the impact.

November 25, 2023

Italian Financial Watchdog Consob Orders Black-Out Of Seven Illegal Financial Websites!

The Italian financial watchdog Consob has ordered the blackout of seven illegal financial websites. These are all illegally operating broker scams. The new order brings the total number of websites blacked out since Consob’s authorization came into effect to 977. Unfortunately, other regulators in the EU do not currently have the authority to have websites blacked out. However, this would definitely be worth considering.

FinTelegram

November 24, 2023

Attention: Another Regulatory Warning Against Broker Scam FinexLeaders

A few days ago, the Austrian Financial Market Authority FMA issued a warning against the broker scam FinexLeaders, which operates with the data of the FCA-regulated FinEx Capital Management LLP. Previously, in October 2023, the UK FCA had already issued a warning. On November 23, 2023, the British regulated issued an update to its warning. Stay far away, protect your financial health and your data and privacy.

November 22, 2023

Legal Analysis: Could Former Binance CEO Changpeng Zhao Follow Sam Bankman-Fried Into Jail?

Changpeng Zhao (CZ), the Binance founder and now-former CEO, pleaded guilty to failing to maintain an effective anti-money laundering (AML) program in violation of the Bank Secrecy Act (BSA). For this, Zhao faces 18 months in prison. He has been released on a $175 million personal recognizance bond secured by $15 million in cash and has a sentencing hearing scheduled for Feb. 23, 2024. Zhao already resigned as CEO of Binance.

November 21, 2023

Tilaros Limited: A Mysterious Cyprus-Based Payment Processor In The Online Gambling Sector!

Cyprus regulators have a super-relaxed attitude towards money laundering and high-risk payment processors. Tilaros Limited, a Cyprus-registered company, has emerged as a significant yet enigmatic player in the online gambling payment processing arena. With its ties to Rabidi N.V.'s casino sites and a lack of online presence, Tilaros raises questions about its operations and compliance with regulatory standards.

November 20, 2023

Urgent Warning Against Broker Scam HalderBay Pretending To Be BaFin-Regulated!

The German regulator BaFin issued a warning against the forex broker HalderBay on November 20, 2023. It claims on its website that the operator is Halder GmbH, which is registered in Frankfurt, Germany, and regulated by BaFin. That's bullshit, of course; it's a straight scam. BaFin clarifies that this is a case of identity theft. It has initiated investigations. Stay far away and protect your financial health.

November 16, 2023

Orange Compliance Rating Maintained After New Review of Elite CurrenSea!

In April 2023, FinTelegram published a first review of the Elite CurrenSea (ECS) scheme, which acts as a portfolio manager offering management of client funds on a profit-sharing basis. Additionally, they are introducing brokers for regulated and unregulated offshore brokers. The operator is SonderSpot OÜ, registered in Estonia. We have maintained our Orange Compliance rating.