Dear victims! Please let us know more about the vanished investment scam WorldMarkets!

WorldMarkets investment scam and its payment processors
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The WorldMarkets investment scam (www.worldmarkets.com) has been active since 2019 and has probably harmed tens of thousands of customers since then. The scam has been facilitated by illegal payment processors in a wide range of jurisdictions. In March 2021, the German regulator BaFin issued a Cease-and-Desist Order against FAD Berlin Consult UG, one of the illegal payment processors of WorldMarkets. However, the scam was online until a few weeks ago. Let us do some forensic work together.

At least seven regulators have issued and/or published warnings against the scheme and its facilitators:

  • New Zealand FMAhere
  • Italian CONSOBhere
  • UK FCAhere
  • Swiss FINMAhere
  • British Columbia Securities Commission (BCSC)here
  • Finish FIN-FSAhere
  • German BaFin – here

On TrustPilot, one can find the warning that WorldMarkets has attracted the attention of regulators. In fact, we have alerted TrustPilot to this scam which has used TrustPilot to gain apparent respectability via fake reviews. Please read our report here.

n the past, we have already discovered several companies that supported the WorldMarkets scam:

The WorldMarkets scheme also used the regulated Lithuanian Simplex Payment Services UAB to process deposits from victims.

Share information

If you have any information about WorldMarkets and its operators and facilitators, please share it with us through our whistleblower system, Whistle42.

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