Illegal Broker Activities | FinTelegram News

Category: Illegal Broker Activities

February 5, 2023

Urgent Investor Warning Against Capital Whale Broker Scam And Fake Regulator FISEU!

We issued a warning against the fake regulator FISEU a few days ago. The website claims the Financial Industry Regulatory Authority, Inc. in the U.S. is the operator. This company operates FINRA, the main private self-regulatory organization for brokers and exchanges. Scammers operate FISEU to register scam brokers such as Capital Whale or Monecor and issue certificates to deceive potential victims. Stay far away and protect your financial health.

February 3, 2023

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

On 2 February 2023, Italian regulator Consob announced that it ordered five abusive financial websites to black out. The total number of black-out orders increase to 825. 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. The black-out by Italian Internet service providers is ongoing, but it can take several days for the black-out to come into effect.

February 2, 2023

Investor Warning Against Broker Scam Fuelta!

Today we received an email welcoming us as a new client of Fuelta broker. The trading account was already opened, we were told. Strange, because we have never registered with Fuelta. This is just one of the countless white-label scams that disappear after a few weeks and are replaced by a new scam brand. The customer data is used and abused again and again. Stay far away.

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:

Illegal Broker Activities

January 28, 2023

German BaFin Warns Against Crypto Fraud Scheme SkySailBit!

BaFin clarifies that Skysailbit Inc., operator of the website skysailbit.com, does not have a license to provide financial, securities or payment services. The operator is not supervised by BaFin. SkySailBit gives an address in Munich and falsely claims to be registered in the commercial register and to be licensed by BaFin. The documents used in this context are forgeries. Stay far away; this seems to be just another fraud scheme!

Illegal Broker Activities

January 27, 2023

Urgent Warning Against Exteom Broker Scheme Powered By PandaTS

We received emails yesterday and today where a new robot trading solution was advertised to us. The link in the email led us in the reviews to several fraudulent crypto campaigns like Bitcoin Millionaire Pro or Bitcoin Bank running on https://hot-investing-news.com. After registering, we were immediately redirected to the payment page of the Exteom broker scheme. This is implemented as a PandaTS white-label solution. Stay Far Away; it's most likely just another scam!

January 23, 2023

Urgent Warning Against Onex Corporation Broker Scam!

The Austrian Financial Market Authority (FMA) recently issued a warning against the broker scam Onex Corporation which is allegedly operated through Canoodle Solutions Ltd, registered in St. Vincent & The Grenadines. Victims can lose their money via deposit using credit/debit cards as well as crypto. Once again, we have found SecurePaymentGateway to be the payment processor for credit/debit cards. Stay far away and protect your financial health.

January 22, 2023

Attention! Do Not Fall For Scam Broker VipBitTrade!

Currently, the broker scam VipBitTrade is being promoted via fraudulent crypto marketing campaigns such as Bitcoin Revolution. The website claims that the broker is operated through various legal entities that several financial market regulators regulate. This is complete bullshit. The stated legal entities do not exist. The scammers claim to have an office in Zurich, Switzerland. Stay very far away. Protect your money and your data.

January 22, 2023

Urgent Warning Against Statehill Scam Broker

German regulator BaFin has issued a warning against scam broker Statehills. The content on the Statehills.com website, as well as information available to BaFin, justifies the assumption that the company is engaged in unauthorized banking and financial services. The website does not contain an imprint or any information about the operators. Victims may lose their money via crypto deposits. Stay far away and protect your financial health.

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.

January 16, 2023

Italian Consob Starts 2023 With The Black-Out Of Five Illegal Financial Websites!

On 12 January 2023, Italian regulator Consob announced that it ordered the black-out of four illegally operating online trading websites related to five broker scams. The total number of black-out orders increase to 820. 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 to be blacked out:

January 16, 2023

Attention: Another Warning Against PandaTS-Powered SwizzPRO Broker Scam!

In October 2022, FinTelegram warned against the broker scam SwizzPRO, allegedly operated by Reverra LLC in St. Vincent & The Grenadines. The broker scam is implemented as a white-label solution by the Israeli-Cypriot PandaTS. After our warning, the scam broker changed the domain from SwizzPro.com to Swizz-Pro.com and continues to hunt for victims. On Friday, the German financial market regulator BaFin also warned against SwizzPRO. Stay far away and secure your money and data.