Category: Investors Protection

EFRI fights for victims of cybercrime with official support of EUE
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April 2, 2025

EFRI Declares War on Financial Crime Facilitators with New EU Mandate

The European Funds Recovery Initiative (EFRI) has reached a new milestone in the fight against cybercrime and financial fraud. Effective March 31, 2025, EFRI has been recognized as a Qualified Entity (QE) under Directive (EU) 2020/1828 by Austrian authorities—empowering it to file collective redress actions across the European Union. This is more than a legal upgrade.
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De-risking Revolut after its aggressive onboarding strategyS
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July 22, 2024

Surge in Fraud Reimbursement Complaints Against Revolut Despite its De-Risking Strategy!

Revolut's clients are primarily younger, tech-savvy individuals who favor online services. This demographic also faces significant risks associated with online scams, highlighting the need for ongoing education and vigilance in digital finance. According to the UK's Financial Ombudsman Service (FOS), customer complaints against Revolut for denying fraud reimbursement claims have surged by 35% in H2/2024, totaling 2,208 complaints.
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Traders Union and FinTelegram about offshore broker Octa aka OctaFXU
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February 8, 2024

Unveiling the Divergent Opinions on Offshore Broker Octa: FinTelegram vs. Traders Union.

In the murky online brokerage world, the Octa (previously OctaFX) assessment by FinTelegram and Traders Union presents a starkly contrasting narrative. Is the offshore broker Octa a reputable and reliable platform for global traders or a cautionary tale for those navigating the complexities of regulatory compliance? The differing viewpoints of FinTelegram and Traders Union raise provocative questions about the right approach to evaluating online brokers.
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FinTelegram warns against scam broker TopMarketsI
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February 7, 2024

Investor Warning Against Top Marktes Broker Scam Pretending To Be CySEC-regulated!

Top Markets is one of hundreds of white-label broker scams actively hunting for victims at any time. Top Markets traps victims with fraudulent crypto marketing campaigns such as Immediate Coraldex, against which the Spanish CNMV issued a warning recently. The website claims that Top Markets is a CySEC-regulated investment firm with license number 138/11, which is, of course, bullshit. Stay far away and protect your financial health.
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urgent investor warning against xTrader365 broker scamU
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February 7, 2024

Urgent Warning Against The xTrader365 Broker Scam!

The broker scam xTrader365 claims to be operated by xTrader365 Limited, registered in Cyprus. The broker also has offices in the UK, Australia and South Africa. These claims are all bullshit. Perhaps the boiler room with its predatory agents is actually based in Cyprus. As a payment facilitator, we have discovered Flutterwave through which victims can lose their money with credit/debit cards. Stay far away. Protect your financial health.
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FinTelegram warning against Grow Pro MarketsI
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October 7, 2022

Investor Warning Against Cyprus-Based Green Line and Grow Pro Markets Broker Scams!

In June 2022, we warned against the broker scam GreenLine a/k/a GreenlinePro allegedly operated by an undisclosed entity in St. Vincent & The Grenadines. Whistleblowers have informed us that this scam is now operating with other domains and is furthermore linked to Grow Pro Markets. These scams are said to be operated by the network of Ori Nagar, who was recently arrested in Greece on request of German law enforcement. Stay far away and please let us know more information.
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FinTelegram warns against SwizzPRO and OnlineTradingLive broker scamsU
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October 6, 2022

Urgent Warning Against PandaTS-Powered Broker Scam SwizzPRO!

Today, via various fraudulent crypto marketing campaigns such as Bitcoin Code, potential victims are being hunted for the SwizzPro broker scam, which is implemented as a white-label solution by the Israeli-Cypriot PandaTS. People registering with the crypto campaigns are immediately redirected to SwizzPro's payment page. Deposits of new victims are only possible after contacting the account manager (boiler room agent). Stay far away and secure your money and data.
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We are looking for Ljudmila MohacsekF
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June 17, 2022

Fighting Social Media Fraud! Facebook And Twitter Agree To New EU Rules!

Social media are powerful tools for scammers to chase victims. Facebook, Twitter, and other social media platforms have agreed to abide by tougher EU standards for policing online postings, WSJ reports. Big tech companies will also face tougher rules under the coming US digital-content law. Under the new EU code of practice, social media platforms will be expected to take steps to prevent advertising intentionally false or misleading information. Platforms will also be expected to provide users with more tools for identifying such content online.
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Corona Scam WarningC
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March 12, 2020

Corona Scam Warning – Boiler Rooms try to exploit pandemic panic!

Home office work makes people even more accessible to scammers. We have received initial information from whistleblowers that boiler rooms in the Balkans are planning to use the Corona Pandemic and the resulting insecurity of people to increase attacks on investors. We therefore strongly recommend increased caution.
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February 5, 2020

Investor Alert – Canadian Richmond Minerals and Austrian Silbermine

Toronto registered Richmond Minerals Inc. is a mining company listed on the Canadian TSX-V. The company is a micro-cap listed on the stock exchange and..
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January 5, 2019

VELTYCO – Regulated Financial Trading Brand Scheduled For 2019

 On December 31, 2018, the public-listed VELTYCO of Uwe LENHOFF (main shareholder) and Marcel NOORDELOOS (CFO) announced that it expects the launch of its own..
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September 25, 2018

GREETINGS FROM KIEV – THE CYBERCRIME CASE BINEX AND ITS BACKGROUND

Update 25/09/2018, 2.30pm: One of our readers just provided contact data of Anton ANOKHIN which may be of interest for disappointed BINEX investors: phone +7-985-8773690...
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