Ben Givon | FinTelegram News

Author: Ben Givon

November 13, 2020

Investor Warning – JP Finance with BridgerPay and Coder54

The JP Finance broker scam has already been active for several months. It is currently operated with the domain www.jp.finance by Jean Pierre Technologies Ltd, which is allegedly registered in the Marshall Islands. As facilitating payment processors, we have identified the unregulated Cypriot payment processor BridgerPay from Ran Cohen and Voucher payment service Code54.

November 11, 2020

FinTech Payvision – Is it really the Dutch Wirecard mini-me?

EFRI was founded in 2018 by FinTelegram together with auditors, lawyers, and victims of scams. The NGO initiated a mass movement with more than 1,000 registered victims and members. EFRI represents the interests of victims towards scammers and their facilitators. The Dutch FinTech Payvision was one of them. EFRI even goes so far as to call Payvision the Wirecard of the Netherlands.

November 10, 2020

Worst Scam Ever – UK FCA warns against BeforexCapital with Praxis Cashier and MisterBit

Like the COVID-19 virus, the scam virus is spreading across the internet with a logarithmic growth. The FCA issued an investor warning on November 9, 2020, against BeforexCapital and Capital Holding Funds allegedly operated by Capital Holdings LLC, St. Vincent & the Grenadines. As payment processors, we have discovered Praxis Cashier with the Estonian crypto exchange MisterBit.

R4I
ticker

November 9, 2020

Request 4 Information – The Sacramento Bee and its FinTech and Gambling Empire

The Sacramento Bee is the fifth largest Californian newspaper established in 1857. And it's not one of the clients of GlobalNetInt (GNI). In 2015 the collapsed Panama law firm Mossack Fonseca registered an offshore company called The Sacramento Bee Ltd in the British Virgin Islands as a holding company over a global gambling and FinTech empire. This is a really big GNI client and Anil Uzun is one of its beneficial owners. We would like to learn more about this vast group of companies and individuals.

November 8, 2020

Investor Protection – SEC secured $600 million for harmed investors in 2020

In the fiscal year 2020, the U.S. Securities and Exchange Commission (SEC) dealt with 715 regulatory enforcement actions addressing a broad range of significant issues. Through these actions, the SEC obtained judgments and orders totaling approximately $4.68 billion in disgorgement and penalties and returned more than $600 million to harmed investors. The Commission awarded a record $175 million to 39 whistleblowers, both the highest dollar amount and the highest number of individuals awarded in any previous fiscal year.

November 6, 2020

Vienna Cybercrime Trials – Indictment against alleged cybercrime CFO Marina Barak effective!

In early September 2020, Gal Barak, the Wolf of Sofia, was sentenced to four years in prison and reparations payments for investment fraud and money laundering. The Israeli principal of the cybercrime organization of E&G Bulgaria is responsible for tens of thousands of scam victims. Now the charges against his partner and wife Marina Barak became legally effective. She is accused of money laundering. The trial will start early next year.

November 4, 2020

Maxigrid Case – GlobalNetint allegedly terminated bank accounts

Maxigrid Ltd of the Israeli FinTech entrepreneur Roy Almagor is a CySEC-regulated investment firm. Despite the regulation, Maxigrid has supported scams like RoyalsFX or LincolnFX as a payment processor according to the information available to us. Payments from client-victims of the scams were made via the Lithuanian GlobalNetint (GNI), among others. Allegedy, GNI terminated the bank accounts of Maxigrid, Roy Almagor, and related entities.

WorldMarkets

November 4, 2020

WorldMarkets Scheme Update – Liquidity issues with SwiftXChange partner

The WorldMarkets scheme apparently has new problems with the withdrawals. A few days ago, customers were notified by email that they had problems with payouts. The new payment processing partner SwiftXChange and/or crypto exchange OkEx would be to blame withdrawal issues due to liquidity issues. Regulators of different jurisdictions as well as FinTelegram have warned several times about the WorldMarkets scheme.

November 1, 2020

Austrian FMA warns against LCoin Market scam powered by PumaTS and Leverate

The Austrian Financial Market Authority FMA has issued an investor warning against the broker scam LCoin Market (www.lcoinmarket.com). This is allegedly operated by Triton Partnership Ltd. on St. Vincent and the Grenadines and uses the white label solution of PumaTS and the Activ8 CySEC regulated Leverate. We have discovered Pradexx, AtomixPay and iPayTotal as the scam facilitating payment processors.

October 28, 2020

Investor Warning – Scam crypto brokers MarketsPilot and CMarkets Group

In the last weeks, we have received hints from customers that crypto trading platforms MarketsPilot and CMarkets Group may be scams. Our checks confirmed this assumption. Both crypto scams are operated by Click World Ltd in the Commonwealth of Dominica is in our opinion a scam. The involvement of Praxis Cashier and Pradexx as payment processors also underlines this. Red Flags everywhere!

October 28, 2020

How to vanish from Google Search – Alleged German Scammer changed his names

The German Kai Christian Petersen is accused by the U.S. SEC of being one of the masterminds of a worldwide binary fraud scheme. In September 2019, the SEC filed a complaint against Petersen and his Israeli partners Gil Beserglik and Raz Beserglik. German BaFin and other EU regulators have also issued cease-and-desist orders and warnings against Petersen's companies and brands. An excellent reason to disappear from the online public, isn't it?

October 27, 2020

Request 4 Information – Offshore Payment Processor GumBallPay

The FinTelegram News team always tries to update its database with new or newly discovered individuals and legal entities. A strategic focus is placed on payment processors in this context. Recently we discovered the offshore payment processor GumBallPay facilitating the BitOptionFX broker scam. We would like to learn more about GumBallPay, its beneficial owners, and the network.