Once again, we ask for the support of our whistleblowers to supplement the information we have and to be able to create complete profiles from it. In the last few days, we have discovered two scams, Zurich Invests (here) and XFinances (here), where MisterBit of Cristiano Chiarugi, licensed in Estonia as a crypto payment processor, acted as payment facilitators. Also, we have received information suggesting a connection between MisterBit and Estonian Isunext.
The Latvian Racket
Isunext (www.isunext.com) is the trading style of the crypto payment processor XFinances OÜ, registered and licensed in Estonia by the FIU as the competent regulator. The beneficial owner of XFinances OÜ is Latvian Pavels Krasovskis, born in June 1973. Here our whistleblowers established interesting connections:
- broker scams XFinances run by Latvian Aleksejs Kohanovs through the UK-registered Finex Group Ltd (see report here) and
- Zurich Invests, run by Latvian Sergejs Iljins via UK-registered ZH Companies Bnk Ltd (Companies House).
- Isunext has an office in London as well as Scam Entities.
- On LinkedIn, you can find the profile KB Office which states that he worked at Zurich Invests and Isunext at the same time.
The circumstantial evidence suggests that this Latvian group is connected to both the scams and the payment processor Isunext. Let’s call it the “Latvian Racket” for now. However, the connections continue to expand.
MisterBit and Isunext
In a presentation of Isunext available to us, MisterBit is stated as the creator. Is this a coincidence? Most certainly not!
MisterBit (www.misterbit.net) is the trading style of the crypto payment processor Futurus X OÜ, which the Estonian regulator FIU regulates and supervises (or at least should do so). Its beneficial owner is Italian Cristiano Chiarugi, born in April 1972.
Ivan Abramov, born in Feb 1984, is registered as a director of Futurus X. This is likely to be a nominee director who also serves as Managing Director in another 15 Estonian companies.
We will like to have more information to document the network around these three companies in detail.
