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FinTelegram News

Answer to the request for information – Rodeler laywers asks for immediate removal and claim ‘unjustified request’

We have received several messages and warnings from Rodeler's lawyers regarding our reports on Rodeler, F1Markets, and Royal Forex. The Rodeler lawyers see the reputation of their clients damaged by any report about possible connections with the above-mentioned companies might be working together. They implicitly label insider and whistleblower information as irrelevant. Even the request for information about Royal Forex and existing rumors about connections between Royal Forex and Rodeler would not be justified. The lawyers insist that we would not be allowed to request further information regarding possible connections of Rodeler with other brokerage schemes.

Investor Alert – The WorldMarkets broker scheme may be operated by former Blue Trading perpetrators

We were informed that the perpetrators behind the Blue Trading Scam may be working with a new scheme. This is believed to be the Online-AI-Trading Broker WorldMarkets. Many victims of Blue Trading in our EFRI channel and in TrustPilot are convinced that these are the perpetrators' new clothes. Hence, we have taken a closer look and are warning investors against this scheme. Regardless of whether or not these are the same people who were behind the Blue Trading Scam. WorldMarkets is a dangerous scam in our view.

Yukom Scheme – The role of Shalom Peretz and why the BinaryOnline and Finarix scam broker sites are still online

In the US, the Yukom scheme is being prosecuted in court both by US prosecutors and by the regulator U.S Commodity and Futures Exchange Commission (CFTC). The former CEO of the Israeli binary options scheme Yukom, the Israeli Lee Elbaz, was sentenced in December 2019 for binary options fraud to 22 years in prison and a $28 million restitution payment. The two beneficial owners of the scheme, Yossi Herzog and Kobi Cohen, were also indicted by U.S. attorneys but remain at large. Their current whereabouts are unknown to FinTelegram. Currently, the role of the alleged Israeli co-conspirator Shalom Peretz and the scheme's Bulgarian activities are being questioned by the authorities.

Request for Information – Royal Forex broker network with trading styles GMOTrading and ROInvesting

Due to some interesting hints from our whistleblowers, we start the coverage of the Royal Forex Broker Network. Royal Forex Limited was registred in Cyprus in October 2015 and received the CIF license No. 269/15 from CySEC in March 2015. The CySEC register shows that Royal Forex is associated with the approved domains www.gmotrading.com and www.roinvesting.com. Royal Forex has an branch in Berlin, Germany, with Marios Nazaris as director on both entities. Another branch is operated in Vilnius, Lithuania.

The Rodeler & F1Markets Broker Networks and their environment

The Rodeler Limited was registered in Cyprus in 2012 and granted a license by CySEC under CIF No 207/13. The company used to operate the Forex brand 24option and several other brands. F1Markets Limited was founded in Cyprus in 2014 and obtained the CIF License No. 267/15 from CySEC in January 2015. FinTelegram has circumstantial evidence that while the two groups of companies, Rodeler and F1Markets operate separately they are jointly managed and/or have joint beneficial owners.

FinTech Review – PayPal challenger Caspero offline and BigWallet remains silent for good! What about Brüc Bond?

FinTelegram has recently published reviews of the promising FinTechs BigWallet and Caspero after our people have been working on these (and other) FinTechs for weeks. Read the Caspero Review here and the BitWallet Review here. Things with these heavily-promoted FinTechs are not getting better, it turns out.

Update TradeSolid and IntegraOption Scam Schemes – More evidence about Payobin involvement

In May 2019 FinTelegram reported for the first time about the TradeSolid binary options scam of the Israelis Chen Malka and Nadav Gover. At that time we presented the background of these large scams in detail and based on carefully reviewed documents. We also reported on the involvement of the payment service provider Payotech Ltd. by Eyal Nachum and Tamir Zoltovski. FinTelegram was accused of slander by both of them. Nachum and Zoltovski and none of their companies would ever have supported a scam. A strange reality given the facts. Here's an update on this still not yet finally closed crime case.

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