Tag: 27ProQuote

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.

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.

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.

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.

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.

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.