Investor Warning – VEmarkets And Grau International OU

Spread financial intelligence

On Jan 14, 2019, the Estonian financial market authority Finantsinspektsioon warned against Grau International OU, a company registered in Estonia and the operator behind the illegal broker scheme VEmarkets. According to information available to FinTelegram, this VEmarkets is another illegal broker scheme associated with the German Uwe LENHOFF, the now arrested founder of VELTYCO GROUP.

From what FinTelegram learned from whistleblowers, VEmarkets was operated by a company called GLOBAL PAYMENT SOLUTIONS registered in Montenegro. This company is beneficially owned by the German Uwe LENHOFF, the Israeli Gal BARAK and two other guys with 25% each respectively. This GLOBAL PAYMENT SOLUTIONS was one of the payment services providers (PSP) the collapsed Montenegrian Atlas Banka has been worked with (read our article on Atlas Banka here).

The Montenegrin office of Interpol has issued an international arrest warrant for Dusko KNEZEVIC, the owner of troubled Atlas Banka, who refuses to return to the country. Knezevic is said to be in London and would not return to Montenegro anytime soon.

This actually is the environment the illegal broker schemes of Uwe LENHOFF, Gal BARAK, and VELTYCO operated in. It’s about financial crime, money laundering, and defrauding investors.

Report Illegal Broker Activities

Illegally operating broker schemes and their boiler rooms are part of fast-growing global cybercrime activities. Millions of investors are defrauded by those broker sites losing billions of euros every year. Hence, it is important to warn investors of such illicit sites. If you are a victim of an illegally operating broker site such as Tradeinvest90, Option888, XMarkets, XTraderFX, GToptions, StoxMarket, Bluetrading, FXTrade777, or KayaFX please file your claim and report activities via our whistleblower system:

Leave a Reply

Your email address will not be published. Required fields are marked *