Whistleblower | FinTelegram News

Category: Whistleblower

November 14, 2022

Whistleblower Request: The Israeli FinTech War And Extortion Campaigns In Cyprus!

The Cypriot financial scene is apparently at war. FinTelegram has been reporting on many of the CySEC brokers and FinTechs for years, pointing out that, unfortunately, many scams and investment fraud sites are also operated or facilitated by companies from Cyprus. Recently, the Cyprus Insider Twitter (@InsiderCyprus) has been revealing interesting points. Moreover, there are apparently also extortion campaigns currently running in the Cyprus scene. Here is the update. We would like to learn more.

October 17, 2022

FinTelegram, Regulatory Awakening Calls, And The Lessons Learnt!

In April 2020, the Bank of Lithuania, as the competent regulator, revoked the license of Eyal Nachum's Israeli e-money institution Bruc Bond (formerly Moneta International). The revocation was preceded by numerous FinTelegram reports exposing the payment processor's scam-facilitating activities. In October 2020, the Dutch regulator DNB submitted a Payvision report, in which the allegations raised by FinTelegram were apparently confirmed, as the Dutch financial magazine FD notes.

September 11, 2022

Whistleblower Request – Lithuanian Crypto Payment Processors Mirhax And Conivix!

Lithuanian crypto payment processor Mirhax recently came to our attention as a payment facilitator at the BBanc broker scam (report here). The potential BBanc victims were offered on the scam's payment page to buy cryptos via credit or debit card using Mirhax. These are then transferred to the BBanc scammers' wallets. The BBanc victims are directed to the Mirhax payment page via a referral link. It does not seem to be a deep integration. We would like to know more about Mirhax and the related Conivix scheme.

September 7, 2022

Whistleblower Request – Who Are The Perpetrators Behind Vanished StakingTrades Broker Scam?

In February 2022, FinTelegram warned against the StakingTrades, allegedly operated by STG CONSULT PLC or STG CAPITAL LIMITED. We have not found this company. Victims can lose their money via the licensed Estonian crypto exchange Oobit. Stay far away, and protect your money and data. Then in May, the German BaFin issued a warning against StakingTrades. Sometime in the last few weeks, the broker scam disappeared with the victims' money. We would like to know who the operators were.

August 28, 2022

U.S. SEC Amends Whistleblower Rules To Incentivize Whistleblowers

The U.S. Securities and Exchange Commission (SEC) announced that it adopted two amendments to its whistleblower program's rules. The first rule change allows the Commission to pay whistleblowers for their information and assistance in connection with non-SEC actions in additional circumstances. The second rule affirms the Commission’s authority to consider the dollar amount of a potential award for the limited purpose of increasing an award but not lowering an award.

August 25, 2022

Whistleblower Complaint Against Twitter May Be Good News For Elon Musk!

Twitter sued Elon Musk on July 12 in Delaware to force him to go through with his $44 billion takeover bid. Musk said he wanted out because the company hadn’t provided the necessary data and information he needed to assess the prevalence of fake or spam accounts on its platform. Musk later countersued, accusing Twitter of fraud for misrepresenting the condition of its business and key metrics about the users on its platform. A new whistleblower complaint against Twitter does not improve the company's position, to say the least.

Whistleblower

August 23, 2022

Don’t Mess With Whistleblowers – Twitter Stock Price Hit By Disclosures!

The Twitter stock was hit today by the news that the company's former head of security, Peiter "Mudge" Zatko, had filed a whistleblower complaint accusing it of failing to protect sensitive user data. Zatko was fired by Twitter in January for what the company claims were poor performance. He was previously the company's head of security, reporting directly to the CEO. Zatko is represented by Whistleblower Aid, which also represented Facebook whistleblower Frances Haugen.

August 10, 2022

Whistleblower Business: SEC Awards More Than $16 Million to Two Whistleblowers

The U.S. Securities and Exchange Commission (SEC) announced more than $16 million in awards to two whistleblowers who provided information and assistance in a successful SEC enforcement action. The first whistleblower who prompted the investigation's opening and provided information on difficult-to-detect violations and will receive an award of approximately $13 million. The second whistleblower submitted important new information during the investigation and will receive an award of more than $3 million.

August 1, 2022

SEC Whistleblower Program Under Fire Over Nepotism Claims!

Last week, John Holland of Bloomberg Law issued a critical report on the U.S. SEC's whistleblower program. Former SEC lawyers who were responsible for the program have left the agency and would be earning millions in fees and commissions through their law firms. The program was crafted by Congress and SEC officials and gives tipsters, who report financial wrongdoing anonymously between 10% and 30% of any money the agency recovered. About 12,000 tips came in the last fiscal year.

July 27, 2022

Whistleblower Request – High-Risk Payment Processor VIPPass!

FinTelegram readers know that we focus mainly on the payment processors involved when analyzing cybercrime organizations and their scams. Without them, most of the scams would not be possible in the first place. The ultimate goal of scammers is to steal money from consumers online. These illicit proceeds must be funneled to the scammers via (high-risk) payment processors. Every day we come across new high-risk payment processors. As with VIPPass, which is allegedly operated via companies in Panama and Canada. We would like to know more.

July 16, 2022

Big Whistleblower Business – U.S. SEC Awards $6 Million!

FinTelegram knows from more than three years of working with whistleblowers how powerful this information channel is in the fight against cybercrime and scams. In the meantime, a multi-million dollar business for whistleblower attorneys has emerged in the U.S. The U.S. regulators SEC and CFTC in particular offer very attractive programs and rewards in the millions. The U.S. SEC recently awarded more than $6 million to two whistleblowers who provided critical information and assistance in two separate covered actions.

June 13, 2022

Whistleblower Request – Key Way Group, Its Brands, And Network!

On any single day, we receive between 3 to 5 highly appreciated whistleblower messages. Our FinTelegram team reviews every single report and writes appropriate reports enriched with proven facts. As we cannot always process every whistleblower report immediately, we start Whistle42 News, where we publish the incoming information with just short revisions. As in the case of the Key Way Group. Allegedly, the Israeli entrepreneur and investor Teddy Sagi is connected to the Key Way Group, whistleblowers say (report here). We would like to know more.