Category: FMA

investor warning Greenfield Investment scam brokerA
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July 3, 2022

Another Warning Against The Greenfield Investment Scam!

In Feb 2022, FinTelegram issued a warning against Greenfield Investment. Back then, the broker had an impressive 4-star rating with a corresponding "Good" trust level. While Trustpilot blocked the profile, the Austrian FMA issued a new warning against the scam operated by the offshore entity Verit Commerce Ltd in Seychelles, incorporated in July 2021, as the operator. Michel Andrew Brutus is the nominee director and nominee shareholder. Victims can lose their money via credit cards, crypto deposits, and a Russian technology company.
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Background information on the OptionsXO binary options trialU
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May 26, 2022

Urgent Warning Against SinaraCorp, BitnextLTD, And Their Cybercrime Network!

The FinTelegram team investigates most financial regulator alerts in more detail to determine which payment processors and other facilitators are involved and on which platforms the scams are running. This way, we can consistently come up with networks of related scams. The German BaFin has issued a warning against SinaraCorp and the Austrian FMA against BitnexLTD. Both scams are identical and white-label clones from the same cybercrime network that operates dozens of other scams. Some we have already exposed in the past. Here is an update.
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investor warning against stxDC and PandaTSU
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May 24, 2022

Unauthorized stoxDC Broker Scam Still Chasing European Consumers!

FinTelegram has already warned several times against the PandaTS white-label scam stoxDC broker scam chasing new customers mainly via fraudulent marketing campaigns. In our initial review in February 2022, with the support of whistleblowers, we were also able to expose the supporting payment facilitators AdvCash and SysPay a/k/a SysPG, which we most recently also found in the IdealInvestFX broker scam. Since our review, the payment processors are no longer shown. Deposits are only possible by contacting the account manager beforehand. Stay far away from stox
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investor warning against KryptoEUClub broker scamA
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May 6, 2022

Attention! Another Regulatory warning against Mandarella and KryptoEUClub aka KClub!

The German regulator BaFin warned on Feb 9, 2022, against the broker scam KryptoEUClub a/k/a KClub, operated by Mandarella Ltd, allegedly registered in the Commonwealth of Dominica. BaFin now ordered Mandarella Ltd to cease unauthorized business operations immediately. KryptoEUClub attacked consumers as an alleged CFD broker with a particular focus on cryptocurrencies. New registrations are no longer possible. The scam will disappear soon.
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Warning against Uncommix investment schemesU
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April 29, 2022

Urgent warning! Stay away from Uncommix and its investment scams!

Uncommix Ltd which sells shares and other investment products under the market "The Aurelia". Now the Austrian FMA has also issued a warning against The Aurelia and Uncommix. This UK entity is also stated as the operator of the websites AnlageProdukte24 or GeldAnlagen49. These websites attack consumers in German-speaking countries. Stay far away, protect your money and their data.
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investor warning against SinaraCorp and Apex500U
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March 11, 2022

Urgent warning against High Net Group Ltd, SinaraCorp, and its vast scam network!

The Austrian FMA recently issued an investor warning against the SinaraCorp broker scam. The alleged operator is the Marshall Islands-registered offshore entity High Net Group Ltd. We already know this company and the scammer network as operators of a vast network of scams like TrustFina, Cryptansa, or SelfKings. These scams have been massively promoted via fraudulent campaigns like YuanPay or Bitcoin Circuit in recent months. Please do not fall for them and keep your money and data.
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Russian broker Quotex attacks European consumersW
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March 2, 2022

Wartime! European regulators order closing of the European subsidiary of Russian Sberbank

The Austrian Financial Market Authority (FMA) on the instructions of the European Central Bank (ECB) issued a decision prohibiting the licensed credit institution Sberbank Europe AG. The regulator has appointed a Government Commissioner to supervise the liquidation of the bank. Sberbank Europe AG, s subsidiary of the Russian state-owned Sberbank in Moscow, is a significant institution in the European Single Supervisory Mechanism (SSM) and is directly supervised by the ECB.
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Russian broker Quotex attacks European consumersU
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February 28, 2022

Ukraine War – Failure of the European subsidiary of Russian Sberbank imminent!

The European headquarters of the state-owned Russian Sberbank is located in Austria. The European Central Bank ECB warned that Sberbank Europe is likely to fail because of economic difficulties. Therefore, the Austrian FMA, as the national resolution authority, on behalf of the competent European bank resolution authority, the Single Resolution Board (SRB) based in Brussels, has imposed a moratorium on Sberbank Europe with immediate effect.
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Broker scam Triton Markets facilitated by Praxis CashierU
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February 22, 2022

Urgent Warning against LiquidsPro and Triton Capital Markets!

Our Broker Scam Radar is currently reporting more scams than ever before since FinTelegram came into existence. One of the reasons for this is undoubtedly the increasing popularity of cryptocurrencies. The UK Financial Conduct Authority (FCA) publishes up to a dozen warnings against brokers and crypto scams every day. That's a record. Today, the Austrian Financial Market Authority (FMA) issued a warning against the Liquidspro broker scam, a clone of the vanished Triton Capital Markets a/k/a Triton Markets scam FinTelegram and regulators have warned about many times. The same cybercrime organization operates these and other scams!
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Warning against Tredexo facilitated by PaypoundA
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February 16, 2022

Another warning against broker scam Tredexo facilitated by Paypound!

Early December 2021, FinTelegram warned against the Tredexo (www.tredexo.com) broker scam attacking victims in English and German. ABAX Inc., registered in St. Vincent & The Grenadines, is allegedly the operator. Notorious Paypound is one of the payment processors. Potential victims can lose their money via credit and debit cards and Bitcoin deposits. The Austrian FMA followed FinTelegram and issued a warning against Tredexo. Stay far away and keep your money.
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BaFin investigates the Soloprime broker scamA
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February 14, 2022

Attention! Another warning against broker scam Soloprime!

Lately, we reported that the German BaFin has announced investigations against the scam broker Soloprime (https://soloprime.co) attacking consumers in English, Italian, and German. The Austrian FMA issued another warning against the scam. The website does not provide information about the operators or the competent jurisdiction. However, we are sure that the Cypriot-Israeli high-risk payment processor BridgerPay of Ran Cohen has this information. The VISA merchant service provider facilitated the scam with API and card processing services until recen
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urgent warning against IGC Markets broker scam facilitated by CoinsxoA
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January 8, 2022

And again! The next regulatory warning against IGC Markets

IGC Markets is a very aggressive scam broker deploying fraudulent marketing campaigns such as Elite Trader or Bitcoin Loophole to chase victims. The offshore entity MaxxMedia LLC, registered in St. Vincent & The Grenadines, is the alleged operator. Several European regulators have already issued warnings against the scam. In December 2021, the UK FCA issued a warning and on 7 Jan 2022, the German BaFin announced investigations. Below is another update.
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