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Tag: 27ProQuote

October 22, 2021

Urgent Attention! Broker scam FXQuote247 still chasing European victims!

Recently, we have issued warnings against the broker scams FX-Capitalize (www.fxcapitalize.com) and FXQuote247 (www.fxquote247.com). Lacari Group Ltd, registered in St. Vincent & the Grenadines, allegedly operates these scams. This offshore entity also operated the vanished scam proFXCredit (www.profxcredit.com). The UK Financial Conduct Authority (FCA) issued an investor warning against the FXQuote247 scam and states the address of a Bulgarian boiler room.

October 10, 2021

Urgent Alert! Mandavie FX broker a/k/a FX ProStation scam is after you!

First of all, we would like to thank our whistleblower and fraud investigator in Sweden for the information. The Mandavie FX (www.mandaviefx.com) broker scam is currently actively hunting for European victims. In doing so, the fraud also operates with the brand FX ProStation a/k/a Pro FXStation (www.fxprostation.com) and poses as a regulated wealth management firm Mandavie Swedish Trust KB (www.mandivietrust.com) in Sweden. This is all super bullshit of course. Mandavie FX and its associated brands and entities are scams.

Illegal Broker Activities

April 2, 2021

Investor warning – Lacari Group still active with its broker scams

Recently we have received complaints of victims of the FX-Capitalize broker scam operating with the domain www.fxcapitalize.com by Lacari Group Ltd, St. Vincent & the Grenadines. This offshore entity also operated the FXQuote247 (www.fxquote247.com) scam and operated vanished scams such as proFXCredit (www.profxcredit.com). Currently, no deposits are possible at FX-Capitalize and FXQuote247. The scam seems to be ready to disappear.

February 9, 2021

Investor Alert – 27ProQuote successor scam proFXCredit

We have already warned several times about the broker scam 27ProQuote (a/k/a ProQuote27). This was active until a few weeks ago and has defrauded many victims of probably several million euros. Deposits of the customer-victims were also processed via the Maltese ApcoPay (see FinTelegram report here). We have received information that the same scammers are now operating the proFXCredit scam under the domain www.profxcredit.com via a Lacari Group Ltd. Currently, we are still investigating but warn all investors against proFXCredit.

February 7, 2021

R4I – Broker scam 27ProQuote closed down but Maltese ApcoPay still there

Many retail investors have lost money via the broker scam 27ProQuote. The attackers behind it are apparently in the process of closing the scam. Currently, the server of 27ProQuote is no longer accessible. We have reports of victims who have lost over €100,000 in some cases. The Maltese ApcoPay operated by Apco Systems Ltd registered in Malta processed the payments. We would like to know more about ApcoPay to expose the scammers and find the victims' funds.

November 12, 2020

BeforexCapital broker scam share boiler room with ProQuote27

We already now know that scammers change their domains, websites, and legal entities more often than many households change their bed linen. The "Scam-as-a-Service" approach offered by the many white label providers, this is no problem either. The boiler rooms behind them usually remain the same. This is also the case with BeforexCapital which is connected to the ProQuote27 scam.

Google Battles CFPB: Tech Giant Fights Back Against Federal Oversight in Payments Showdown

The U.S. Consumer Financial Protection Bureau (CFPB) has placed Google Payment Corp. under federal supervision, citing concerns over its error resolution and fraud prevention processes. This decision follows nearly 300 consumer complaints alleging issues such as inadequate investigation of fraudulent charges and insufficient explanations of investigation outcomes.

Wirecard Scandal Reignites: Markus Braun’s Release Demanded Amid Espionage Revelations

In light of recent court findings across multiple jurisdictions, it has become increasingly clear that the ongoing trial of former Wirecard CEO Markus Braun may be fundamentally flawed. The crux of this issue lies in the apparent failure to fully incorporate the now-established activities of fugitive ex-COO Jan Marsalek into the proceedings. This not only jeopardizes the fairness of Braun's trial but also risks obscuring the true nature and extent of the Wirecard scandal.

TikTok Takedown: America’s Digital Iron Curtain or Silicon Valley’s Secret Weapon?

The recent ruling by the U.S. Court of Appeals for the District of Columbia Circuit has sent shockwaves through the social media industry, upholding a law that could effectively ban TikTok in the U.S. The ruling cited national security concerns. This decision marks a significant escalation in the ongoing tension between the U.S. government and Chinese-owned tech companies.

Truong My Lan: A Tycoon’s Fall from Grace and Vietnam’s $44 Billion Financial Scandal!

The dramatic downfall of Truong My Lan, one of Vietnam’s most prominent property magnates, has sent shockwaves through the country's financial and political systems. The 68-year-old former billionaire is at the center of one of the largest financial frauds in history, a scandal that has not only exposed vulnerabilities in Vietnam’s economy but has also highlighted the intricate relationship between business and politics in the country.

Cash Cow Crypto: U.S. CFTC Enforcement Sets Records in FY 2024 with $17.1 Billion in Monetary Relief!

The U.S. Commodity Futures Trading Commission (CFTC) achieved a landmark year in FY 2024, securing over $17.1 billion in monetary relief, including $2.6 billion in civil penalties and $14.5 billion in restitution. The agency’s groundbreaking actions spanned digital asset (crypto) markets, voluntary carbon credits, and major compliance cases, highlighting its leadership in safeguarding market integrity.