Some of the PumaTS broker scams are facilitated by the Israeli-Estonian payment processor Pradexx OÜ. This company is the legal entity operating the FIAT payment platform Pradexx (www.pradexx.com) and the crypto payment platform NextPayWay (www.nextpayway.com). According to the information provided on its website, NextPayPay has managed to acquire “over 380,000 people across 123 countries since 2018.” Impressive, isn’t it? We would like to learn more.
Pradexx OÜ, established in January 2018 with the company register no. 14403492, has been granted one of those actually worthless Estonian crypto licenses for the operation of wallets and exchanges for digital currencies. The licenses are worthless because you can buy them through dozens of Estonian agencies for a few thousand euros. The competent Estonian FIU obviously fails to monitor this compliance with KYC/AML/CTF. Therefore, 7 out of 10 broker scams and fraudulent investment schemes today have these Estonian crypto payment processors integrated. This is an unbelievable state of affairs that FinTelegram has reported on several occasions.
For example, the Pradexx payment platform was integrated with the broker scams RoyalGTX and FmiAtlas. Only a few days ago the UK Financial Conduct Authority (FCA) issued an investor warning against RoyalGTX (read this FinTelegram report).
Currently, Boaz Amir born in Sept 1963 is the only registered director for Pradexx OÜ which seems to be an Israeli payment processor operating via an Estonian legal entity. Connected with its LinkedIn profile are the three Israeli managers Luba Shissel Frumson, Eviatar Laniado, and Zack Mehdipour.
We would like to know more about a payment processor that allegedly has hundreds of thousands of customers and facilitates scams and investment schemes with its services. You can share this information with our FinTelegram Research Team via our Whistleblower System.