CONSOB | FinTelegram News

Category: CONSOB

May 7, 2024

Italian Consob Orders Black-Out of Five Illegal Financial Websites!

On May 3, 2024, the Italian financial watchdog Consob ordered the blackout of five illegal online trading platforms. The number of websites blocked by Consob orders reached the round figure of 1,075 since July 2019, when the “Decreto crescita” (“Growth Decree”) gave the Italien regulator the power to order ISPs to inhibit access from Italy to websites through which financial services are offered without proper authorization.

April 30, 2024

Italian Financial Watchdog Orders Black-Out of Five Illegal Financial Websites!

On April 29, 2024, the Italian financial watchdog Consob ordered the blackout of five illegal online trading platforms. The number of websites blocked by Consob orders reached the round figure of 1,070 since July 2019, when the “Decreto crescita” (“Growth Decree”) gave the Italien regulator the power to order ISPs to inhibit access from Italy to websites through which financial services are offered without proper authorization.

April 15, 2024

Consob Ordered Black-Out of 7 Websites Offering Financial Services Illegally.

On April 12, 2024, the Italian financial watchdog Consob ordered the blackout of seven illegal online trading platforms. The number of websites blocked by Consob orders reached the round figure of 1,060 since July 2019, when the “Decreto crescita” (“Growth Decree”) gave the Italien regulator the power to order ISPs to inhibit access from Italy to websites through which financial services are offered without proper authorization.

March 25, 2024

Italian Financial Watchdog Consob Orders Black-Out of Five Illegal Financial Websites!

On March 22, 2024, the Italian financial watchdog Consob ordered the blackout of five illegal online trading platforms. The number of websites blocked by Consob orders reached the round figure of 1,047 since July 2019, when the “Decreto crescita” (“Growth Decree”) gave the Italien regulator the power to order ISPs to inhibit access from Italy to websites through which financial services are offered without proper authorization.

March 18, 2024

Italian Watchdog Consob Orders The Black-Out of Seven Illegal Financial Websites

On March 15, 2024, the Italian financial watchdog Consob ordered the blackout of seven illegal online trading platforms. The number of websites blocked by Consob orders reached the round figure of 1,042 since July 2019, when the “Decreto crescita” (“Growth Decree”) gave the Italien regulator the power to order ISPs to inhibit access from Italy to websites through which financial services are offered without proper authorization.

March 7, 2024

Italian Consob Orders Black-Out of Six Illegal Financial Websites!

On March 1, 2024, the Italian financial watchdog Consob ordered the blackout of six illegal online trading platforms. The number of websites blocked by Consob orders reached the round figure of 1,029 since July 2019, when the “Decreto crescita” gave the Italien regulator the power to order ISPs to inhibit access from Italy to websites through which financial services are offered without proper authorization.

February 26, 2024

Italian Financial Watchdog Consob Orders Black-Out of Five Illegal Financial Websites!

On Feb 23, 2024, the Italian financial watchdog Consob ordered the blackout of five illegal online trading platforms. The number of websites blocked by Consob orders reached the round figure of 1,029 since July 2019, when the Growth Decree gave the Italien regulator the power to order ISPs to inhibit access from Italy to websites through which financial services are offered without proper authorization.

February 19, 2024

Italien Consob Orders Black-Out Of Five Abusive Financial Websites!

The Italian financial watchdog Consob has ordered the blackout of five illegal online trading platforms. The number of websites blocked by Consob orders reached the round figure of 1,024 since July 2019, when the “Decreto crescita” (“Growth Decree”) gave the Italien regulator the power to order ISPs to inhibit access from Italy to websites through which financial services are offered without proper authorization.

February 7, 2024

Italian Consob Orders Black-Out Of Five Abusive Financial Websites!

The Italian financial watchdog Consob has ordered the blackout of five illegal online trading platforms. The number of websites blocked by Consob orders reached the round figure of 1,013 since July 2019, when the “Decreto crescita” (“Growth Decree”) gave Italien regulator the power to order ISPs to inhibit access from Italy to websites through which financial services are offered without proper authorization.

January 30, 2024

Italian Financial Watchdog Orders Black-Out of Five Illegal Financial Websites!

The Italian watchdog ordered the black-out of four illegal financial websites. The number of websites blocked by Consob orders reached1,008 since July 2019, when the “Decreto crescita” (“Growth Decree”) gave the Italien regulator the power to order ISPs to inhibit access from Italy to websites offering financial services without proper authorization. Below are the websites Consob has ordered to be blacked out:

January 15, 2024

Italian Consob Ordered The Blackout Of 5 Illegal Financial Websites, Thus Blocking A Total Of 1,000 Websites.

The number of websites Blocked by Consob orders reached the round figure of 1,000 since July 2019, when the "Decreto crescita" ("Growth Decree," Law No. 58 of 28 June 2019, Article No. 36, paragraph 2-terdecies) gave Italien regulator the power to order ISPs to inhibit access from Italy to websites through which financial services are offered without proper authorization.

December 18, 2023

Italian Consob Orders Black-Out Of Six Illegal Financial Websites!

The Italian financial watchdog Consob has ordered the blackout of six illegal financial websites. These are all illegally operating broker scams. The new order brings the number of websites blacked out to 995 since Consob’s authorization was enacted. Unfortunately, other regulators in the EU do not currently have the authority to have websites blacked out. However, this would be worth considering. Below are the websites Consob has ordered to be blacked out:

US Treasury Forgives Ukraine Looters!

On 26 September 2024, the United States Treasury’s Financial Crimes Enforcement Network ‘FinCEN’ made the astonishing decision to drop sanctions against ABLV Bank of Latvia. ABLV was sanctioned in 2018 for a list of reasons, including helping Ukrainian President Viktor Yanukovich’s bagman, Serhiy Kurchenko, steal billions of dollars from Ukraine.

Gurbir Grewal’s Departure from the SEC: His New Position and Potential Impact on Crypto Regulation!

Gurbir S. Grewal, the former Director of the Division of Enforcement at the U.S. Securities and Exchange Commission (SEC), has left his position to join Milbank LLP, one of the most innovative and prestigious law firms globally. This transition from his high-profile regulatory role to private practice is likely to have lasting implications, particularly on the SEC’s enforcement strategy in the crypto sector.

Warning Against The Imminent Danger of Pig Butchering For The Dawning Cyber Society!

Pig butchering scams are a devastating form of cybercrime that blend romance and investment fraud, leaving victims emotionally and financially shattered. These sophisticated operations, run by organized crime syndicates, often exploit human trafficking victims as unwilling scammers. The perpetrators meticulously cultivate trust over months, luring targets into fraudulent cryptocurrency investments through fake platforms.

MLM Schemes

Latest Arrests in $4 Billion Forex AI Fraud Scheme OmegaPro and the Austrian Connection!

FinTelegram has reported on the fraudulent crypto MLM schemes OMNIA Tech and OmegaPro several times in the past. This week, various media outlets have reported the arrest of Robert Velghe in Turkey, who has played a crucial role in both scams. The OmegaPro MLM scam is believed to have stolen around $4 billion from victims worldwide. Here is our update with a request for additional information from whistleblowers.

Crypto MLM Scam: David Carmona Sentenced to 121 Months for IcomTech Crypto Ponzi Scheme!

iComTech was one of the numerous fraudulent MLM schemes that used cryptocurrencies as a means of fraud in parallel with the crypto hype of 2017/18. David Carmora started IcomTech in approximately 2018 with other co-conspirators as a purported cryptocurrency mining and trading company. The scheme promised to earn its victims high profits and guaranteed daily returns that would double their money within six months.