Tag: 1Market

EFRI, Paytah, and quite interesting Financial Ombudsman Hearings in Malta

Illegal Broker Activities tamir - September 30, 2021

Phoenix Payments Ltd d/b/a Paytah, registered in Malta and regulated by the MFSA, is currently at the center of regulatory and criminal investigations in several European jurisdictions. In addition, Paytah is facing claims from scam victims who made deposits to various scams through Paytah and its affiliates. The European Fund Recovery Initiative (EFRI) represented the interests of victims at an obscure Financial Ombudsman hearing in Malta. Franklin Cachia of CSB Group represented Paytah. Cachia is currently the company's contracted compliance officer.

CySEC-regulated 1Market deploys fraud campaigns and non-compliant procedures

Affiliate Scams Ben - August 5, 2021

Today, in the course of our daily reviews of active scam campaigns, we found that the 1k Daily Profit campaign is promoting CySEC-regulated 1Market (www.1market.com) today. Exelcius Prime Ltd operates this broker with license 366/18. In our review, parallel to registering with the 1k Daily Profit scam campaign, we were also registered as a customer of 1Market and redirected directly to the broker's payment page. There we were able to make large deposits without confirming our email, let alone proper onboarding.

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