Update 6 May 2022: Finateco informed FinTelegram that it terminated its merchant agreement with Wind Holdings Ltd upon our report. Please read also our update here.
In our review on 22 March 2022, we warned against the CTMatador broker scam, which chased victims with the fraudulent BitcoinPro. There is now a warning on Trustpilot pointing out the fake reviews CTMatador has used to present itself as reputable. Unfortunately, Trustpilot has developed into an important tool for scammers. In our review on 4 May 2022, we discovered the new payment processor Finateco besides the notorious scam facilitators Finanic, GameChangers, ChargeMoney, and Paypound. Stay far, far away from this aggressive scam.
Key data
| Trading names | CTMatador CT-Matador |
| Domains | https://ctmatador.com https://ct-matador.com https://platform.ctmatador-pro.com |
| Legal entity | Wind Holdings Ltd (est. Sept 2021) |
| Corporate advisor | Wilfred Services Ltd |
| Jurisdiction | St. Vincent & The Grenadines Switzerland |
| Contact data | SE: +46842002388 NL: +31203082066 SG: +6531388002 SW: +41225013182 UK: +442035140074 |
| Authorization | no |
| Payment processors | GameChangers, ChargeMoney, Finateco (no longer) |
| Facilitating campaign | BitcoinPro (https://bitcoin-pro.live) |
| Related schemes | CoinLearner (https://coin-learner.com) |
The narrative
After registration at the scam, you will receive an email from the responsible account manager. The email claims that the offices of CTMatador would be in Basel, Switzerland. Furthermore, telephone numbers for different countries are given.
The account managers a/k/a boiler room agents also refer their victims to the trader education site CoinLearner (https://coin-learner.com) where they can buy education packages. Stay away from it.
The Israeli high-risk payment processor Finateco (https://finateco.com) is operated through Finateco Ltd, which is registered in St. Vincent & The Grenadines. On LinkedIn, Israeli Jonathan Meshumar is listed as the founder. Finateco is the new kid around the scam facilitators block and has apparently only been operating since January 2022.
Read the full profile of Finateco here on PayCom42.
Via the licensed Estonian Finanic OÜ (www.finanic.io), potential CTMatador victims can buy cryptocurrencies with credit and debit cards which are then transferred to the scammers’ wallets. Otherwise, potential victims with cards can also lose their money at GameChangers (https://gamechangers.cc), ChargeMoney (https://charge.money), and Paypound (https://paypound.ltd).
Share information
If you have any information about the CT Matador broker scam, its operators, and facilitators, please share it with us through our whistleblower system, Whistle42.
