Today an email from [email protected] leads us to the fraudulent affiliate site FXOffers (www.fxoffers.cc) and its Elite Trading Club campaign. Upon registration, one receives an email from the system Investingstate (www.investingstate.com), a broker scam operated by Wooko Global Ltd, registered on the Marshall Islands. As payment processors of the scam, we have discovered iPayTotal, PayTechNo (www.paytechno.com), and CryptoPayIn, operated by the licensed Estonian Navasu OÜ. The very same scammers operate Investingstate as the Broker Unity a/k/a BrokerUnity (www.brokerunity.com) and Interactive Trade (www.interactivetrade.com) scams.
The payment facilitators
We do not need to explain iPayTotal any further at this point. This Indian-British high-risk payment processor operates the worst scams and also covers the cybercrime area with money laundering activities in the best possible way.
The payment page in these scams redirects to the domain www.paytechno.com, owned and operated by the licensed Estonian crypto payment processor PayTechNo OÜ d/b/a CryptoPayTech (www.cryptopaytech.com).
In addition to iPayTotal and PayTechNo, the crypto payment processor Navasu OÜ d/b/a CryptoPayIn (www.cryptopayin.com), which is also licensed in Estonia, is also integrated. When depositing via CryptoPayIn, all registration details are taken over from Investingstate. By registering with Investingstate, one is automatically already registered with CryptoPayIn, i.e., we see deep integration work here.
All three of the payment processors mentioned, iPayTotal, PayTechNo, and Navasu, have already been discovered by us as payment facilitators in several scams. Scam-facilitation is part of their business model.
After registering with the Investingstate scam, one receives a confirmation email with the link to the payment page with the request to deposit the first funds. This email also contains the link to the payment page of Broker Unity (www.brokerunity.com) scam, which is also active, operated by Kode Tech Solutions Ltd, also registered in the Marshall Islands. The German BaFin issued a warning against Broker Unity and Kode Tech Solutions in Feb 2020. The email signature contains [email protected] associated with Interactive Trade, another related scam the UK FCA warned against in July 2020.