Tag: Blokchains

scam, BaFin announced an investigation of the Blokchains scam. According to the regulator, the available information and documents indicate that unauthorized banking transactions or financial services are offered in Germany via the platform. The provider appears on the website only under the name Blokchains. An address in London, United Kingdom, is stated as the business address. In the terms and conditions, however, reference is made to Estonian law.

FinTelegram has received a statement from Paul Solinsky, the director and beneficial owner of the UK entities PGSELLERS LTD and Ecore Payments Ltd d/b/a Ecore Merchant Services (Ecore). We have exposed PGSELLERS as an illegal payment processor and scam facilitator in various broker scams. However, Paul Solinsky claims that he has been a victim of a group of fraud gangs. He already applied to the Companies House for a voluntary strike-off of PGSELLERS. Below is his statement to FinTelegram:

Consumers should have learned by now that "mega" is a scary term that is usually used to promote the worst companies, products, and services. The BitMegaChain promoted via fraudulent crypto campaigns is a stupid white-label scam operated by the same cybercrime organization as Blokchains, ForbsChain, or TheBullBears. They are currently hunting for victims with campaigns in social media using illegal payment processors such as PGSellers.

Victims of several scams have sent us payment documents proving that they made their deposits to the scams via PGSellers Ltd. Officially, PGSellers sells courses, ebooks, or education packages to would-be online traders. However, we have already discovered PGSellers as an illegal payment processor for IGM Holdings, HQ Trade, and FinoCapital. PGSellers is a registered merchant with several payment services providers and is owned by the British Paul Solinsky.