Currently, not a day goes by without a financial market regulator warning about one of the scams from the worldwide PumaTS scam broker network. It’s about time for law enforcement agencies in various EU jurisdictions to take action. PumaTS is a white label broker platform provider and operates a vast scam broker network. On 22 July 2020, the UK Financial Conduct Authority (FCA) issued a public investor warning against CFD broker Blackstone500 (www.blackstone500.com).
The facilitating payment processors of the Backstone500 scam are the licensed Estonian crypto payment processor BlueData OÜ (see companies register) with the brand XChangePro (www.xchangepro.net) and the Russian Certus Finance (www.certus.finance). Both payment processors can be found in several PumaTS scams. Both payment processors are integrated into the scam via the PayBox APIs.