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Posts published in “Cyberscams”

German entrepreneur, scam consultant, and money-launderer Stephan Welk arrested for fraud

Until recently, the German Dr. Stephan Welk was a busy entrepreneur and diplomat. But with his arrest at the end of August 2019, his activities were at least interrupted. The public prosecutor's office in Munich accuses him and other persons of fraud on the basis of his being a diplomat. Welk and his accomplices are accused of having defrauded a Bavarian meat wholesaler. For an amount of 1.5 million euros, they would also have wanted to get him a diplomatic passport. Allegedly the meat wholesaler actually paid €800,000 into an account in Dubai before he became suspicious and filed a complaint. FinTelegram has already reported about Stephan Welk in the past.

Investor Warning – CryptopMarket with WNI Media, Melbar, and MelGreg

In the binary options era between 2012 and 2018, hundreds of boiler rooms have emerged that now have to sell other scam offers to retail investors. The boiler rooms of WNI Media DOO, registered in Belgrade, sell the scam products of CryptopMarket aka CM CryptoMarket. Financial market regulators in various jurisdictions have already warned of the crypto scam. FinTelegram uncovers the scam and its perpetrators.

US Regulators SEC and CFTC fine fraudulent binary options marketers with record-setting fines of $70 million

The US Securities and Exchange Commission (SEC) and the U.S. Commodities and Futures Trading Commission (CFTC) charged the perpetrators behind the All In Publishing (AIP) binary options marketing scheme and fined them with more than $65 million so far. The CFTC labeled it a nationwide binary options fraud ring. In the latest court order in a SEC Complaint Timothy Atkinson, Jay Passerino, and their company All in Publishing LLC (AIP) with $61.5 million.

OneCoin Report – The estimated total loss for Members of the Crypto Ponzi scheme may be well beyond €10 Billion

The U.S. authorities' investigations into the OneCoin crypto-Ponzi system and the indictment of Ruja Ignatova, her brother Konstantin Ignatov and their U.S. attorney Mark S. Scott have exposed some financial numbers from the 4th quarter of 2014 to the 3rd quarter of 2016. Additionally, BBC reporter Jamie Bartlett presented some leaked OneCoin documents. The OneCoin scheme is still alive today.

OneCoin Money-Laundering – The Fenero Hedge Funds Network around convicted US lawyer Mark S. Scott

Scam are performed in two phases. First the money of the investors and/or members is stolen. Next, this criminal proceeds must be laundered and distributed to the perpetrators as their scam dividend. Listed below are the currently known entities and individuals who participated in the money-laundering of OneCoin's Crypto-MLM Scam.

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