Tag: ElitSolutions

German BaFin follows FinTelegram and investigates ElitSolutions with BridgerPay!

BaFin Charlene Lensburg - October 2, 2021

FinTelegram warned against the broker scam ElitSolutions in early September 2021. At the time, the scam had come to our attention because it chased victims via the Bitcoin Buyer fraud marketing campaign. Recently, the German regulator BaFin announced investigations against ElitSolutions and its operator, the Polish Terem Ok Sp Z.o.o. Currently, victims can lose their money on credit and debit card payments in the scam. We have discovered BridgerPay as a payment processor.

Investor warning – Stay away from the ElitSolutions scam

Illegal Broker Activities Charlene Lensburg - September 1, 2021

In today's daily market screening, we noticed that the scam broker ElitSolutions (www.elitsolutions.co) is promoted by various fraudulent marketing campaigns like Bitcoin Buyer. ElitSolutions is a typical white-label scam from one of the numerous scam factories. Deposits from prospective victims are possible via credit and debit cards with the cashier running under the domain https://sand.cheap. Deposits via Bitcoins are offered, but the scam operator is blocked at the payment processor AdvCash.

FinTelegram is a cyberfinance intelligence and compliance platform investigating financial crime, regulatory violations, and the rails, entities, and ecosystems that facilitate them. Combining investigative journalism, whistleblower intelligence, and forensic compliance analysis, we map risk across payments, banking, crypto, and offshore structures to support transparency, accountability, and informed action.

Disclaimer: FinTelegram is an independent intelligence and compliance platform and does not provide investment, legal, or financial advice. Content published on this website, including references and links to third-party sources, is provided for informational, contextual, and educational purposes only and does not constitute a recommendation, endorsement, or solicitation. Readers must make their own independent assessment and obtain professional advice where appropriate. Past events and referenced materials are not a track record and should not be relied upon as an indicator of future results.