Latvian Racket – Spanish regulator warns against Morgan FX Capital scam

CNMV warning against Morgan FX Capital
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The Spanish regulator CNMV has issued an investor warning against the Morgan FX Capital (www.morganfxcapital.com) broker scam. The operator of this scam is UK-registered Preqster Ltd which already operated the vanished scams Pips500 (www.pips500.com) and Preqster FX (www.preqsterFX.com). It is controlled by the Latvian citizen Sergejs Vasiljevs and is one of the many legal entities of the so-called Latvian Racket. In our review today, none of Morgan FX Capital‘s payment options worked.

Preqster Ltd was founded in May 2020 by Sergejs Vasiljevs, born in June 1992. He gives as his address 173 Latchmere Road in London as his the company’s correspondence address. 173 Latchmere Road we know! The Finex Group Ltd, already known from the previous Latvian Racket investigations and reports, has its registered office at this very same address (Companies House). At the time of our review, Preqster FX provided the address 27 Market Place, W1W 8AF (Companies House). This is also where Preqster Ltd, founded in May 2020 by Sergejs Vasiljevs, is registered.

Stay tuned; we shortly publish an extensive update on the Latvian Racket.

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