Category: Research Files

Cryprus is a hub for Russian money launderingJ
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October 20, 2024

Jamestown Perspective: Cyprus and its Role as a Hub for Russian Influence and Financial Misconduct!

New research by The Jamestown Foundation confirms FinTelegram findings: Over the last 30 years, Cyprus has emerged as a critical nexus for Russian influence, money laundering, and sanctions evasion. This situation poses significant challenges for compliance professionals and financial institutions worldwide. The EU has not yet undertaken any severe measures to address these challenges.
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illegal casino operator Starscream and the flow of money via CyprusS
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September 12, 2024

Starscream Casinos: Offshore Casino Operator, Potential Regulatory Evasion, Payment Facilitators, and More Cyprus Connections!

Online casinos are easily transferable digital assets. The transfer of Gammix Ltd's casinos to offshore operator Starscream Ltd raises serious questions about the continued illegal gambling activities in Europe. Despite massive penalties from the Dutch regulator KSA, Gammix appears to have simply shifted its operations offshore, where it continues to flout regulatory oversight facilitated by regulated payment processors.
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Cyprus is the hub for illegally operating online casino schemesF
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September 2, 2024

FinTelegram Announces the Release of the Rabidi Report: A Deep Dive into the Collapse and Disappearance of a Major Online Casino Operator

We are pleased to announce the release of our comprehensive Rabidi Report, now available for download in PDF format. This detailed report provides an in-depth..
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More arrests in the Israeli binary options fraud scheme YukomB
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July 7, 2024

Binary Options Fraud: Recent Sentencing of Boiler Room Agent Sabrina Elofer in Yukom Scheme!

A few days ago, Israeli citizen Sabrina Elofer was sentenced to six months of house arrest by U.S. District Judge Paula Xinis in connection with the vast Israeli binary options fraud scheme Yukom Communications. As part of her settlement, Elofer has also agreed to pay more than $2.9 million in restitution. Binary options were banned in most regulatory regimes in 2017, but fraud schemes will keep the courts busy for longer.
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Former Wirecard executive Jan Marsalek wantedW
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June 11, 2024

Wirecard Case: Markus Braun’s New Defense Lawyer Demands Inclusion of Espionage Allegations!

It had to happen. In the only reasonable twist, the Wirecard trial has seen a significant shift with the resignation of star defense lawyer Alfred Dierlamm. Reportedly, Dierlamm resigned due to financial constraints, leaving the defense of Markus Braun, the accused CEO of the collapsed Wirecard, in the hands of a new advocate, Theres Kraußlach. She has requested that the criminal file of fugitive Jan Marsalek be included.
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Michael Gastauer continues his fantastic Black Banx storyF
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May 14, 2023

Fact Check! The Ridiculous Black Banx Claim Of Being A $50-Billion FinTech Giant!

Self-proclaimed German FinTech billionaire Michael Gastauer has long suffered from an addiction to portraying himself as big and powerful. Over the past decades, he has built a payment scheme with a network of companies and brands through which funds from illegal transactions were also laundered. He is active with Black Banx, which reportedly has over 20 million customers and would be worth $50 billion. There is virtually nothing that can be verified.
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The German crypto and ICO scam EnvionE
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January 2, 2023

Envion Crypto Scandal! About The Discovered Millions And Sleeping Prosecutors!

The turn of the year marks the fifth anniversary of the Envion ICO scandal. A total of 100 million euros is at stake, raised from over 30,000 investors from Germany and around the world. A German team in Berlin, via a public company in Switzerland, promised a secure investment, advertised a patent and legal compliance. Unfortunately, the reality turned out to be quite different. The patent did not exist, the ICO was illegal and criminal backers cling to the investor money.
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Wirecard trial launched in MunichW
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December 9, 2022

Wirecard Trial Day #1: Prosecutor Reads Indictment And Paints A Criminal Organization!

The trial started with a delay of about 45 minutes because the entrance checks for the visitors took longer than planned. The reading of the indictment takes about 5 hours. The prosecutors allege that tens of thousands of shareholders have lost more than €20 billion. Banks and other creditors were left with more than €3 billion. The former CEO Markus Braun, who at some point before 2015 would have formed a criminal organization out of Wirecard, is said to be primarily responsible.
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investor warning against AktienProsL
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April 20, 2022

Latvian Racket! Urgent warning against the new AktienPros broker scam!

Today, the 1k Daily Profits fraud campaign is hunting for new victims for broker scam AktienPros a/k/a AktienPros Capital Markets. The scam is likely to be relatively new on the market and apparently a successor of the disappeared Triton a/k/a Triton Capital Markets broker scam operated by the Latvian Racket. Anyway, a Triton Capital Markets email address and phone number are given for support. Stay far away, save your money and misuse your data. AktienPros attacks German-speaking consumers.
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The Latvian Racket in April 2022T
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April 12, 2022

The Latvian Racket! What’s this cybercrime organization’s status?

In Sept 2021, the Spanish CNMV issued an investor warning against the meanwhile vanished Morgan FX Capital (www.morganfxcapital.com) broker scam; the Italian Consob issued a black-out order a few days ago. UK-registered Preqster Ltd, which used to operate other vanished scams such as Pips500 or Preqster FX, was the operator. It was controlled by the Latvian citizen Sergejs Vasiljevs and was one of the many legal entities of the so-called Latvian Racket. This entity was dissolved, and its scams vanished. We want to learn more.
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CNMV warning against Morgan FX CapitalL
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December 1, 2021

Latvian Racket! Morgan FX Capital scam still attacks European consumers!

In September 2021, Spanish CNMV issued an investor warning against the Morgan FX Capital broker scam. The operator of this scam is UK-registered Preqster Ltd which already operated the vanished scams Pips500 and Preqster FX. It is controlled by the Latvian citizen Sergejs Vasiljevs and is one of the many legal entities of the so-called Latvian Racket. While Morgan FX Capital is still active, Preqster Ltd has been dissolved via a compulsory strike-off in Nov 2021. Stay away from Morgan FX Capital.
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Scam broker Celox vanishedN
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December 1, 2021

Not a surprise! Broker scam Celox offline!

FinTelegram has issued warnings against the Celox a/k/a Celox Live (www.celox.com) broker scam several times over the last few months. It was one of the many scams of the so-called Plutus Racket operated by boiler rooms in Bulgaria and Ukraine. Apparently, the Celox scam or its website has disappeared with the error message 404 (File or directory not found). Most recently, Celox has already received a 2-star "Poor" rating on Trustpilot and was declared a scam via an IIROC press release.
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