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German BaFin launched investigations against scam operator Axis Solutions powered by Larco

BaFin investigates scam operator Axis Solutions
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The German regulator BaFin announced an investigation into the broker scam operator Axis Solutions Ltd and its Swiss24 (www.swiss24.io) scam. Axis Solution is also operating other scams like RoyalTradeFX (www.royaltradefx.com) or AxisTrading (www.asixtradingtr.com). As a payment processor, we have discovered the licensed Estonian crypto payment processor Larco (www.larco-global.com), operated by Larco Global OÜ. The scams are probably already on the retreat because some payment options no longer work.

According to the BaFin findings, Axis Solutions LTD sends falsified excerpts from BaFin’s database of companies and claims to be registered as “Swiss24” under the number 504072. However, this number does not exist but gives the appearance that the scam is supervised and authorized by the German regulator.

Larco Global OÜ, established in October 2019, has registered Jevgenijs Voroninskis, born in March 1983, as its sole director. The Larco crypto service works only through an affiliate system. You cannot register without an affiliate code. In the case of the scams, they act as an affiliate of Larco.

CategoriesBaFin

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