Last updated on July 2, 2019
In recent weeks, we have focused our investigations on Serbia and Montenegro. The Israeli broker scam scene had an operational center there with illegal payment service providers and boiler rooms. Private investigators of our UK security partner have found out through local surveys that the forex broker schemata listed below are also operated by boiler rooms in Belgrade
G igaFX(formerly TurnFX) – officially operated by Four Square International Ventures LTD registered on the Commonwealth of Dominica
- Bithandel – a
crytpotrading scam officially operated by CHP Holdings Ltd, a company allegedly registered in St. Vincent and the Grenadines
- TFXgo.com – officially operated by CHFB LIMITED, a company registered in the UK
The Balkans have developed into the preferred destination to establish boiler rooms for broker scams over the last couple of years. Most of them are operated by Israeli schemes headquartered in Bulgaria.
The Israeli Connection in Belgrade
We already identified the Serbian boiler rooms of Gal Barak and his E&G Bulgaria – My Markets and Parogan – around Amit Hulin, Jesse Tally, Dor Pelleg, and their local frontwoman Katarina Kojic. We suspect that some more boiler rooms will be operated in Belgrade under the protection of local authorities.
Our investigators have reported that the operators of these boiler rooms are making substantial protection payments to the local authorities.
We request information about these brands and boiler rooms through our whistleblower system.
Become a FinTel Watchdog
In order to effectively combat scams and scammers, we have recently set up our FinTel Watchdog platform. As a registered FinTel Watchdog you can earn rewards with hints and discussion posts. This platform is currently still in experimental operation.