Investment Schemes | FinTelegram News

Category: Investment Schemes

March 16, 2023

Think Big: Exiled Chinese Arrested In The U.S. On Charges Of A $1 Billion Million Fraud Scheme!

The U.S. Department of Justice (DOJ) announced the arrest of HO WAN KWOK, a/k/a “Miles Guo,” a/k/a “Miles Kwok,” a/k/a “Guo Wengui,” a/k/a “Brother Seven,” a/k/a “The Principal,” and KIN MING JE, a/k/a “William Je,” on charges of a twelve-count Indictment, including securities fraud, bank fraud, and money laundering. KWOK and JE allegedly ran an $1 Billion investment fraud scheme between 2018 and 2023. The U.S. SEC also announced charges against the exiled Chinese.

March 15, 2023

German BaFin Warns Against FGI Finance Investment And Wealth Management Scheme!

The German financial supervisory authority BaFin warns that FGI Finance a/k/a Itia Invest offers consumers shares and other financial instruments without having a permit. FGI Finance presents itself as an asset manager with an address in Hamburg, Germany, and other addresses in the United Kingdom, the U.S., and Panama. FGI FINANCE UK LLP, part of the FGI Worldwide LLC group of companies, allegedly operates the scheme. Stay far away!

Investment Schemes

February 7, 2023

Cyprus Is At The Center Of The Alleged Adani Group Stock Manipulation Scheme!

The central allegation of the Hindenburg Research report against the Indian Adani Group is that the listed shares of the group's companies were manipulated through offshore entities controlled by Gautam Adani and his family. Cyprus-based entity New Leaina Investments Ltd is allegedly at the center of this stock manipulation scheme. Until June-September 2021, this investment company owned over U.S. $420 million in Adani Green Energy shares, accounting for 95% of its portfolio.

February 7, 2023

Short-Seller War: The Anadi Group Scandal And Hindenburg Research Report Rock Twitter!

On 24 January 2023, Hindenburg Research revealed the findings of a 2-year investigation and presented evidence that the Indian conglomerate Adani Group with a stock market valuation of around $218 billion, has engaged in a stock manipulation and accounting fraud scheme over decades. Gautam Adani, founder and chairman of the Adani Group, allegedly added over $100 billion in net worth in the past three years, mainly through stock price appreciation in the group’s seven key listed companies.

January 26, 2023

Urgent Investment Warning Against Waterman Capital Investment Scheme!

We have received information from a client of the Waterman Capital investment scheme. This client has transferred money to the scheme through East Breton Solutions Ltd, registered in Mauritius. Despite several attempts, the customer subsequently failed to withdraw money. The payout is refused to him for various reasons. According to the customer, Waterman Capital is run by British people who act very professionally. The scheme does not have a license for offering financial services. Stay away.

Investment Schemes

January 15, 2023

Urgent Warning Against The Royal Investment Consortium Investment Scheme!

We have received information from victims of the Royal Investment Consortium that law enforcement agencies in several jurisdictions are investigating the operator, the company Royal Investment Consortium s.r.l. in Venice, and its president Dr. Frank J. Rottmann, allegedly a German citizen, for alleged fraud. The damage caused so far is said to be over €545,000. Without being able to confirm or falsify details of the criminal proceedings, we warn all investors and advise them to exercise utmost caution.

December 26, 2022

The Israeli Madoff Extradited To Israel

The times of Israel reports, that American-Israeli Michael Ben-Arim a/k/a Michael Greenfeld, accused of running a $150 million Ponzi scheme over 15 years, was extradited from Bosnia early Sunday to undergo trial, over what is believed to be the worst such scam ever carried out in the Jewish state, police and the Israel Securities Authority (ISA) said. He allegedly defrauded about a thousand investors in both countries in a 15-year scam. Hebrew media has dubbed Ben-Ari “the Israeli Madoff.”

November 13, 2022

Urgent Warning Against Bojon Investments Crypto Scheme!

We were alerted by a victim to the Bojon Investment Crypto Scheme. The website (www.bojoninvestments.com) currently offers investment plans that promise up to 10% daily profit. Deposits can only be made in Bitcoin or Tether. The offer is just bullshit, no serious scheme can pay such high profits. The website gives an address in Denmark, but no operator is mentioned. Please stay far away and protect your financial health.

November 13, 2022

UK Regulator FCA Petitioned Eight Companies Into Liquidation!

According to the FCA, these eight 8 firms appear to have connections to each other. None of the firms has ever been permitted to provide regulated investment services, but consumers may have invested substantial sums with at least 2 of the firms. The firms failed to respond to the regulator, who believed that they posed a significant risk to consumers. FCA took action to prevent these firms from causing further harm to consumers and to freeze any assets for the benefit of anyone owed money by the firms.

October 20, 2022

Europol: Croatian Investment Scammer Arrested In Spain

On 6 October 2022, a Croatian scammer was arrested in Tenerife, Spain, by the National Police (Policía Nacional) following an extensive investigation involving law enforcement agencies in four countries. The 50-year-old suspect is believed to have been running a large-scale, multi-layered investment fraud scheme that siphoned at least €5 million out of unsuspecting investors. Over 70 German victims have been identified so far.

Investment Schemes

October 2, 2022

Another Short Seller War Against Swedish Real Estate Company SBB

The Swede Ilija Batljan founded the real estate company Samhällsbyggnadsbolaget (SBB) in 2016. It claims to be one of Sweden's biggest real estate companies, listed on Nasdaq First North. Batljan is the company's CEO and came under pressure after another report by Wirecard hunter Fraser Perring and his Viceroy Research uncovered irregularities in the company's cash. In part, SBB had to admit to the allegations. A battle between Perring and Batlja is currently taking place on Twitter.

September 4, 2022

Urgent Warning Against Unauthorized Investment Schemes Wisecroft And Ford Beckett

A few weeks ago, FinTelegram warned against the unauthorized investment scheme Ford Beckett. Its website offers a range of financial services from options trading, ETF trading and fixed income trading to wealth management and retirement planning. There is no legal entity listed but an address in Hong Kong and fake people. From victim records, we know that Ford Beckett works with several legal entities in various offshore destinations. We learned that another scheme, Wisecroft, would be operated by the very same people. Please stay away from Ford Beckett and Wisecroft.