FinTel Ombudsman | FinTelegram News

Category: FinTel Ombudsman

November 24, 2021

A Victims Report – Scam broker FXCT Investments and how they work!

On Trustpilot, FXCT Investments looks excellent with a 4.4-star rating out of more than 480 reviews. This creates confidence for potential and existing customers. If Trustpilot didn't exist, the scammers would invent it. Unfortunately, this review and rating site is one of the essential tools to deceive consumers. Most of the 5-star reviews are written by boiler room agents or new clients who still see initial (fake) profits in their dashboard. These are fake reviews. This is also the case with FXCT Investments.

August 14, 2020

FinTel Ombudsman calls on Chinese CPT Markets to compensate misled clients

The FinTel Ombudsman has got a new case which related to the regulated Chinese CPT Markets Group with CPT Markets UK Limited, an entity regulated by the UK FCA with the reference number 606110 d/b/a CPT Markets UK and the domain www.cptmarkets.co.uk, and CPT Markets Ltd regulated in Belize with license no 314/126. In the following we present the CPT Markets Group and its environment and briefly outline the case for the FinTel Ombudsman which hopefully can be concluded positively for the complainant.

Cash Cow Crypto: U.S. CFTC Enforcement Sets Records in FY 2024 with $17.1 Billion in Monetary Relief!

The U.S. Commodity Futures Trading Commission (CFTC) achieved a landmark year in FY 2024, securing over $17.1 billion in monetary relief, including $2.6 billion in civil penalties and $14.5 billion in restitution. The agency’s groundbreaking actions spanned digital asset (crypto) markets, voluntary carbon credits, and major compliance cases, highlighting its leadership in safeguarding market integrity.

U.S. DOJ’s Whistleblower Pilot Program: 250+ Tips in Just Months!

Whistleblowers are the only effective way to fight financial crime. The U.S. DOJ whistleblower pilot program has already proven effective, generating over 250 tips of potential misconduct since its launch in August, according to Principal Associate Deputy Attorney General Marshall Miller. According to a Reuters report, the initiative targets corporate malfeasance and encourages internal self-disclosure by companies.

Online Gambling: Lokinvestigation in Curaçao, its Maltese Connections, and How to Shut Down!

For many years, the far-far-away Curacao was the regulatory mecca of global online gambling. But that is over. The Lokinvestigation, spearheaded by opposition politician and forensic investigator Dr. Luigi Faneyte, reveals systemic failures and alleged corruption in Curaçao’s online gambling sector. With ties to Maltese investors and global financial networks, the report demands transparency but also carries political implications.

KTM’s Collapse: How Pierer and Blazicek Possibly Misled Investors and Profited Amid a €2.9 Billion Crisis!

The recent insolvency filing by KTM AG, Europe's largest motorcycle manufacturer, has unveiled significant managerial failures under CEO Stefan Pierer and Chairman of the Supervisory Board Josef Blasicek of Pierer Mobility AG. Despite clear indicators of financial distress, the company continued to distribute substantial dividends, misleading investors about its fiscal health. Here is an investor update on the KTM case.

Investor Briefing

Investor Briefing: Why Elon Musk’s SpaceX is valued at $350 Billion!

SpaceX, Elon Musk's private aerospace company, is reportedly in discussions to sell insider shares at a valuation of approximately $350 billion. This would be double what the company was reportedly selling shares at one year ago. In December 2023, Bloomberg reported SpaceX shares were being sold at a $175 billion valuation. Musk's closeness to Trump is apparently paying off.