tamir | FinTelegram News

Author: tamir

Offshore Broker

February 1, 2023

Investor Warning Against Offshore Broker Capital Street FX!

Capital Street FX is an offshore broker allegedly operated by Capital Street Intermarkets Limited in Mauritius. The company is registered with the FSC Mauritius as an Investment Dealer. Technology and payment services are provided through UK-registered Minus Zero Technologies Limited. It is an Indian broker scheme also believed to have an office in Dubai. Capital Street FX does not have authorization for North America, Australia, or EEA. Here is our initial review.

February 1, 2023

Introducing Offshore CySEC-Regulated Errante And Its Offshore Activities!

Errante is the trading name of the investment company Notely Trading Ltd, which CySEC regulates with license number 383/20. Errante also operates two offshore mutations via Errante Trading LLC, St. Vincent & The Grenadines, and Errante Securities (Seychelles) Ltd, regulated by the FSA Seychelles. For unknown reasons, the Seychelles mutation switched the domain Errante.com to Errante-Global.com in December 2022. Here is our initial review.

January 31, 2023

Introducing CySEC Broker GO Markets And Its Offshore Mutation!

GO Markets is an Australian multi-asset broker regulated by CySEC in Cyprus. Besides, as is common with many CySEC-registered brokers, the broker scheme operates an offshore mutation regulated by the FSC Mauritius. This allows the strict ESMA and CySEC regulations to be bypassed, higher leverage can be offered, and pre-KYC deposits can be accepted. GO Markets offers a leverage of up to 1:500 and accepts clients from the EEA area without any problems. Here is our initial review.

FinTelegram

January 31, 2023

ChatGPT: Explain Financial Intelligence, Cyberfinance, And Cybercrime!

The future of learning and knowledge will certainly be shaped by Artificial Intelligence. This also applies to financial intelligence. That's why we turned to ChatGPT for an explanation of some key terms like Financial Intelligence, Cyberfinance, Cybercrime, or Cryptonomics. Below are the quite impressive explanations that suggest that the future of financial intelligence, including that of FinTelegram, lies in artificial intelligence.

January 31, 2023

Italian Watchdog Ordered Black-Out Of Seven Illegal Financial Websites!

On 30 January 2023, Italian regulator Consob announced that it ordered the black-out of seven illegally operating online trading websites related to five broker scams. The total number of black-out orders increase to 827. Consob has been authorized by the so-called “Growth Decree” to order Internet connectivity service providers to inhibit access from Italy to illegal financial websites. Below are the sites Consob has ordered to be blacked out:

January 22, 2023

Exposed: The Stolen Millions Of The Israeli Scam Brokers And The Missing Restitution Payments!

In Austria, another trial in the environment of Israeli Gal Barak's cybercrime organization E&G Bulgaria will begin in a few weeks. Barak was sentenced in 2020 for investment fraud and money laundering to several years of imprisonment and about €4 million in restitution payments that he has not paid yet. Criminal records show that Gal Barak, his wife, Marina Barak, and his partners, Gery Shalon and Vladislav Smirnov, earned around €38 million between 2017 and 2019 alone.

January 20, 2023

United States And French Law Enforcement Actions Against Russian Crypto Exchange Bitzlato!

While the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an order that identifies the virtual currency exchange Bitzlato Limited d/b/a Bitzlato..

High-risk payment processors

January 20, 2023

Introducing CyberRating Agency PayRate42!

Payment processors have an almost overpowering position in high-risk industries such as online trading and investments, online casinos, or porn. Merchants are often dependent on them due to the nature of their business. And are often cheated. Among the unregulated payment processors, there are many black sheep. CyberRating agency PayRate42 has tasked itself with analyzing and rating payment processors.

FinTelegram

January 18, 2023

Attention! Do Not Pay Fresh Funds To Vanished InvestingCrypto Crypi Scam Broker!

In August 2022, FinTelegram warned against the InvestingCrypto broker scam, which aggressively targeted European consumers. The scam operator was allegedly CTech Solutions Ltd. registered in the Marshall Islands. As an Introducing Broker (IB), we have once again discovered Estonian Base IT OÜ d/b/a FinanCollege. Besides that, the scam also states the Australian crypto exchange TechMarket. On 11 January, InvestingCrypto informed clients that it would close down because the FTX collapse impacted it.

January 18, 2023

Whistleblower Request: SinaraCorp, BitnextLTD, And Their Cybercrime Scheme Facilitated By Luna!

In March and May 2022, FinTelegram warned against a cybercrime scheme around different companies in different jurisdictions and a multitude of domains and websites. Since our report, some websites have vanished, but the scheme is still chasing victims. The German BaFin warned against SinaraCorp, while the Austrian FMA warned against BitnexLTD. Other regulators have also issued warnings against the aggressive cybercrime scheme. Here is an update.

Court Cases

January 11, 2023

Donald Trump’s Longtime Finance Chief Sentenced to 5 Months Prison Time Over Tax Fraud Scheme!

The 75-year-old Allen H. Weisselberg, a longtime executive for Donald Trump and the CFO of the Trump Organization, was sentenced to five months of prison for his role in a 15-year tax fraud scheme at the Trump Organization. He served as the prosecution witness in the criminal trial of the former president's real estate company. Weisselberg pleaded guilty in August 2022, admitting that he and other executives received bonuses and perks that saved the company and themselves money.

January 10, 2023

DeFi Crypto Fraud Scheme Operator Faces Criminal And Regulatory Charges!

The U.S. Commodity Futures Trading Commission (CFTC) filed a civil enforcement action charging Avraham Eisenberg with running a fraudulent and manipulative trading scheme on Mango Markets to unlawfully obtain over $110 million in crypto assets from a purported decentralized digital asset exchange. This is the CFTC’s first enforcement action for a fraudulent or manipulative scheme involving trading on a supposed decentralized crypto asset platform.