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Tag: Bitcoin Up

May 13, 2022

Exposed: MonetizeAd in Sarajevo and Belgrade Allegedly Runs Fraudulent Bitcoin Campaigns!

For about two years now, Bitcoin scam campaigns Bitcoin Up, Bitcoin System, Bitcoin Profit and many more have been used to constantly chase new victims for broker scams. These sites are operated by special digital marketing agencies through affiliate systems. For this, these agencies receive commissions from the victims' deposits. Mostly these agencies remain in the darkness of the internet. Whistleblowers have brought to our attention MonetizeAd in Sarajevo, which runs some of these scam campaigns. We would like to know more.

January 16, 2022

Please BaFin! You have to order Google to immediately stop publishing scam ads!

Google, like Meta, has been massively criticized for making a lot of money from advertising scammers. The UK FCA issued 1,200 warnings in 2020 about scams made by fake companies on Google and social media platforms. Consequently, in August 2021, Google UK & Ireland re-regulated the advertising of financial offers, allowing only FCA-regulated firms to advertise financial services, including crypto ads. On the other hand, on Google DE, fraud scheme operators can still buy ads without any restrictions.

December 22, 2021

Consob issued pre X-Mas warnings against 15 illegal financial websites!

On December 20, 2021, the Italian regulator Consob issued a warning against a total of 15 websites that offer illegal financial services or are scams. In contrast to the last weeks, Consob did not announce a blackout of the websites. Among those warned is also the offshore broker Moneta Markets and its operator Vantage Global Limited. In addition, the Italian regulator has also warned about several fraudulent Bitcoin marketing campaigns. Below is the list of the latest warnings:

December 13, 2021

Attention! Bitcoin Trader fraud campaign chases victims for BenefFX broker scam!

In our morning roundup today, we discovered that the Bitcoin Trader (www.bitcointrader.site) fraud marketing campaign is hunting potential victims for the BenefFX (www.beneffx.com) broker scam today. The operator of the scam, who bills itself as "being beneficial" is Optium Ltd, registered in the Marshall Islands, and the payment agent is Bulgarian Key Solutions Ltd. We issued an investor warning back in November 2021. Stay far away and save yourself losses and mental issues.

November 13, 2021

Urgent warning! Stay away from the Terracoins crypto scam!

Unsurprisingly, the ongoing crypto hype is also used by scammers. We have often reported fraudulent marketing campaigns like Bitcoin Up or Bitcoin Prime that catch victims for broker scams with the promise of quick wealth via cryptocurrencies. The German regulator BaFin has announced investigations against Terracoins (www-terra-coins.co) for allegedly conducting banking activities without the required permission. The truth, however, is that Terracoins is a scam on top of that.

November 8, 2021

Attention Germany! Do not fall for the ImperialFunding scam!

In today's reviews, we were led via some fraudulent marketing campaigns on the Top Brokers Comparison platform (www.topbrokerscomparison.com) to the broker scam ImperialFunding (www.imperialfunding.de) which seems to attack primarily German consumers. The Bulgarian A&E Products Ltd allegedly operates this very poorly made white-label scam. In our review today, no deposit was possible without direct contact with boiler room agents. Stay far away from this scam, keep your money and your data!

November 4, 2021

Attention! Stay away from BenefFX and Gloffix broker scams!

The fraudulent Bitcoin Up marketing campaign today promotes the BenefFX broker scam. After registering with Bitcoin Up, prospective victims are redirected to BenefFX's cashier page. There, victims can lose their money via credit and debit cards as well as PayRetailers and AcePay. The scam is allegedly operated by the offshore entity Optium Ltd, registered in the Marshall Islands. Key Solutions Ltd in Bulgaria is stated as the payment processor. BenefFX attacks victims in English, German, Chinese, Spanish, Italian, and Arabic.

March 25, 2021

Daily Affiliate Alert – Stay away from Global Offers, Algo-Machine, and UniteEx broker scam

Today, you may receive emails from @way2freedom.club and @planet2.digital, including links to Global Offers' websites (www.globaloffers.online or www.globaloffers.cc) and the campaigns deposited there. For the potential victims, various campaigns with videos and texts in German and English are deposited. Via campaigns like Swiss Methode, Bitcoin Up, or Bitcoin Bank, the potential victims are led to the Introducing Broker Algo Machine (www.algo-machine.com), promoting the broker scam UniteEx today. Stay away. Far away!

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.

U.S. DOJ’s Whistleblower Pilot Program: 250+ Tips in Just Months!

Whistleblowers are the only effective way to fight financial crime. The U.S. DOJ whistleblower pilot program has already proven effective, generating over 250 tips of potential misconduct since its launch in August, according to Principal Associate Deputy Attorney General Marshall Miller. According to a Reuters report, the initiative targets corporate malfeasance and encourages internal self-disclosure by companies.

Online Gambling: Lokinvestigation in Curaçao, its Maltese Connections, and How to Shut Down!

For many years, the far-far-away Curacao was the regulatory mecca of global online gambling. But that is over. The Lokinvestigation, spearheaded by opposition politician and forensic investigator Dr. Luigi Faneyte, reveals systemic failures and alleged corruption in Curaçao’s online gambling sector. With ties to Maltese investors and global financial networks, the report demands transparency but also carries political implications.