Tag: BeAlgo

In many jurisdictions, the authorities are currently investigating the fraudulent binary options & broker scams. The mills of justice are known to grind slowly but they grind. In addition, FinTelegram and the European Funds Recovery Initiative (EFRI), which we co-founded, ensure that the authorities continue their investigations and receive useful information. This was also the case with the huge BeAlgo and AlgoTechs broker scams. This scam has cheated thousands of small investors out of many millions.

Felix Holtermann and Christian Schnell of the German Handelsblatt reported on the money-laundering report filed against Wirecard by the European Funds Recovery Initiative (EFRI). In a detailed article titled "The past catches up with Wirecard" the background of the global scam industry and the respective involvement of payment processors is explained.

FinTelegram has received information that lawyers in Tel Aviv, Israel, and Belgrade, Serbia, on behalf of EU victims of...

In January 2019, with the arrest of Uwe Lenhoff, founder of Option888 we started our first EFRI-campaign. In February...

Algotechs, part of the BeAlgo-Algotechs broker scam, closed down its website. FinTelegram will provide an update on the situation...

The UK Financial Conduct Authority (FCA) issued a warning against broker scam BeAlgo and its operato B.A.X. Ltd.

The market supervisory authorities in the United Kingdom (FCA) and Austria (FMA) have issued investor warnings against Algotechs on...

FinTelegram and its team are threatened almost every single day. We have received death threats several times already, threats...