Finance Magnates today published an article on the problems of Forex retail brokers with banks and payment service providers. They are freezing bank accounts and terminate customer relationships with scam brokers in order to avoid liability and penalties. That’s good news. FinTelegram has contributed to this positive development by creating the awareness that fraud against retail investors was only possible with the support of payment service providers who acted negligently or intentionally
Hermes Solution closing down?
Montenegro registered Hermes Solution DOO has participated in many of these Broker Scams. The company was part of the group around Eyal Nachum, Tamir Zoltovski and Oded Jeremitsky of Payobin and Moneta International UAB. Through SeeddPay Ltd, registered on the Marshall Islands, this group had control over Hermes Solution DOO. Many scam brokers such as BinaryBook, KayaFX, Eclipse Finance, ICoption, or 23Trader have processed their payments via this unauthorized payment service provider.
That said it’s pretty clear that Hermes Solution and the people behind it are to be regarded as contributors to and facilitators of these schemes.
Don’t let them get away
From the documents available to us, we can see that Hermes Solution is now to be closed. Apparently, to destroy the tracks. Hopefully, that won’t work. FinTelegram will do its best to not let those guys get away. FinTelegram will keep continue to report on the scene.