Cyberscams – FinTelegram News

July 31, 2020

Crypto Manipulation: Chinese authorities arrested 27 individuals involved in huge PlusToken crypto scheme

The gigantic Chinese PlusToken crypto scheme has kept the crypto markets massively busy in the last two years. PlusToken with $5.7B raised from some 800,000 members is said to have been a driving force behind manipulations in the crypto markets. In a Chinese law enforcement action, 27 key individuals involved in the PlusToken crypto scheme have been arrested. Several Chinese news outlets reported that another 82 members of the scheme have been arrested.

July 15, 2020

PumaTS – Israeli-Bulgarian White Label Broker Platform Provider Vanished

On 23 June 2020 FinTelegram News issued a Request for Information (RFI) concerning the white label broker platform Puma Trading Solutions aka PumaTS operating in Bulgaria. We wanted to know more about this platform and the company and the people behind it. Officially the PumaTS White Label Broker solution is operated by the Bulgarian Marketing and Consulting Ltd. At least this company concludes the license, marketing, and platform services agreements with its clients. In response to our RFI, the PumaTS website that was available at www.pumats.com has disappeared. Fortunately, FinTelegram received plenty of intel on PumaTS.

Cyberscams

July 5, 2020

Instagram Influencers arrested in Dubai in $430 Mio Cyberscam

Not a Nigerian prince, but a Nigerian influencer named Raymond Abbas was recently arrested in Dubai. The man with some 2.4 million followers on Instagram is said to have cheated them out of hundreds of millions. The damage is said to amount to approximately $431 million. The 38-year-old man is accused of credit card theft.

June 28, 2020

In Fraud we trust – Russian cybercriminal pleads guilty in US Court

The Russian citizen Sergey Medvedev, 33, was one of the leaders of the cybercrime organization and dark-web marketplace Infraud. On June 26, 2020, he pleaded guilty to RICO conspiracy before a US Court the U.S. Department of Justice announced. Medvedev was arrested in Thailand in 2018 and extradited to the United States. It has been reported that at the time of his arrest, Medvedev controlled more than BTC 100,000 (appr US-$910 Million).

May 3, 2020

Request 4 Information – Vanished Forex and Crypto Scams CCXcrypto, ProCapitalMarkets, and MyCoinBanking

The crypto broker scam CCXcrypto has already disappeared from the web for several weeks. The website is offline and can only be found in the..

March 4, 2020

German Handelsblatt published a new report on Wirecard and the EFRI money-laundering complaint

Felix Holtermann and Christian Schnell of the German Handelsblatt reported on the money-laundering report filed against Wirecard by the European Funds Recovery Initiative (EFRI). In a detailed article titled "The past catches up with Wirecard" the background of the global scam industry and the respective involvement of payment processors is explained.

February 22, 2020

Crypto rumors – PlusToken scheme perpetrators systematically manipulated crypto prices

In the last few days, speculations about massive manipulation of the cryptocurrency market have again made the rounds. Allegedly, the scammers behind the Chinese PlusToken..

November 8, 2019

FinTelegram Series “Growth Wonder FinTech” – Exploring the relationship between scams and the fintech’s 3-Wise Monkey Strategy

Question: Is it conceivable that the hype of the FinTech startups over the last 10 years is not linked to the hype of the Broker..

September 3, 2019

Finance Magnates – Israeli broker scene shattered by Yukom judgments

Between 2012 and 2018, the Israeli binary options industry was the engine of the globally admired startup nation. Simona Weinglass has uncovered the fraudulent nature..

September 3, 2019

Investment scams – European authorities investigate payment services provider MoneyNetInt

FinTelegram has received information that the authorities in Poland and other EU member states are investigating the payment service provider (PSP) MoneyNetInt Ltd. Whistleblowers and..

August 19, 2019

EFRI Report on #BrokerScams in Europe and the #CyberScam S-Curve

The European Funds Recovery Initiative (EFRI), co-founded and proudly supported by FinTelegram, helps victims of cyberscams to recover their funds. In doing so, EFRI has..

August 14, 2019

EFRI #Cyberscam Campaigns go Europe – fighting #Cyberscams on European Level

For FinTelegram and the European Funds Recovery Initiative (EFRI) launched by FinTelegram under the leadership of the auditor and former Ernst & Young partner Elfriede..

Category: Cyberscams