Tag: Blossom Capitals

Whistleblower Inquiry – Who are the villains behind the MarginElite Scam?

Illegal Broker Activities Ben - December 13, 2021

In November 2020, we issued a warning against the broker scam MarginElite. Shortly before that, the UK FCA warned against the scam. At that time, we discovered the Estonian Blossom Capitals OÜ as the operator. In the meantime, the MarginElite scam has disappeared into the darkness of the Internet and the website is offline. Australian victims have asked us to provide our whistleblowers with clues about the ultimate villains behind the scam. Please share the respective information with us.

FCA investor warning against Estonian MarginElite!

Compliance Mark Lagarde - November 11, 2020

On November 10, 2020, the UK FCA issued an investor warning against MarginElite (www.marginelite.com), among others. This is a typical white-label scam that is actually easy to recognize. At the latest when you see that Praxis Cashier is the payment processor and has integrated the Russian Mir for credit and debit card payments.

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