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Tag: BitcoinUp

November 25, 2023

Italian Financial Watchdog Consob Orders Black-Out Of Seven Illegal Financial Websites!

The Italian financial watchdog Consob has ordered the blackout of seven illegal financial websites. These are all illegally operating broker scams. The new order brings the total number of websites blacked out since Consob’s authorization came into effect to 977. Unfortunately, other regulators in the EU do not currently have the authority to have websites blacked out. However, this would definitely be worth considering.

June 24, 2021

Avachoice broker scam facilitated by BitcoinUp fraud campaign and Estonian WE4BTC

We receive several dozen spam emails promising us money, wealth, and success on an average day. At the same time, scammers and their facilitators attack in different countries and language areas with different campaigns and domains. For example, in the UK today, BitcoinUp has been promoting the broker scam Avachoice (www.avachoice.com) through UflySmart. As scam-facilitating payment processors, we discovered Estonian KeyPay Global OÜ d/b/a WE4BTC as well as Viva Wallet with German Primic GmbH.

June 22, 2021

Investor Alert – 24/7 Trading Academy scam promoted by BitcoinUp fraud campaign

In our market monitoring activities, we have noticed that a new scam is active again with 24/7 Trading Academy, which is an introducing broker chasing new victims for broker scams and illegal offers of regulated CySEC brokers. The 24/7 Trading Academy scam itself is promoted by the fraudulent marketing campaign BitcoinUp, which we have already added to our blacklist. The BitcoinUp campaign is currently running on the UflySmart referral hub. Stay far away from 24/7 Trading Academy.

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.

KTM’s Collapse: How Pierer and Blazicek Possibly Misled Investors and Profited Amid a €2.9 Billion Crisis!

The recent insolvency filing by KTM AG, Europe's largest motorcycle manufacturer, has unveiled significant managerial failures under CEO Stefan Pierer and Chairman of the Supervisory Board Josef Blasicek of Pierer Mobility AG. Despite clear indicators of financial distress, the company continued to distribute substantial dividends, misleading investors about its fiscal health. Here is an investor update on the KTM case.

Investor Briefing

Investor Briefing: Why Elon Musk’s SpaceX is valued at $350 Billion!

SpaceX, Elon Musk's private aerospace company, is reportedly in discussions to sell insider shares at a valuation of approximately $350 billion. This would be double what the company was reportedly selling shares at one year ago. In December 2023, Bloomberg reported SpaceX shares were being sold at a $175 billion valuation. Musk's closeness to Trump is apparently paying off.