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Tag: Blumanstock

December 27, 2021

Post-X-Mas! GS4Trade boiler room agents still chase victims!

We warned again about the vanished GS4Trade broker scam several times. The website has since disappeared with the money of numerous victims. In principle but the boiler rooms are still active. The GS4Trade scam has left a wide trail of blood in Europe. Authorities are searching for those behind it. A boiler room agent with the stage name Robin Leo Nicholas is still contacting victims asking them for money for the next scam. Please do not fall for these boiler room perpetrators.

October 10, 2021

Urgent warning! GS4Trade broker powered by BridgerPay is still chasing victims!

In July 2021, the German BaFin had warned against GS4Trade (www.gs-4trade.com) and announced the launch of an investigation. In September 2021, the UK FCA issued another investor warning against the broker scam running as a white-label mutation on the SIRIX platform of Israeli Leverate. GS4trade Invest Limited, registered in the Marshall Islands, allegedly operates the broker, attacking consumers in English and German. As facilitating payment processors, we again found BridgerPay, Jubiter, and CoinDeck.

September 7, 2021

Attention! GoldBachInvest broker scam facilitated by BridgerPay and Coindeck

CNMV has issued an investor warning against GoldBachInvest (www.goldbachinvest.com). The operator of the scam is allegedly Gold Bach Invest Limited, registered in the Marshall Islands. Our educated guess would be that the same scammers and boiler rooms operate GoldBachInvest as the GS4Trade scam (report here). Both operate on Leverate's SIRIX platform. As a supporting payment processor, we again found Israeli-Cypriot VISA network partner BridgerPay; and Slovakian crypto payment processor Coindeck.

August 2, 2021

CNMV, BaFin, and FMA warn against Blumanstock broker facilitated by BridgerPay and Jubiter

On 2 August 2021, the Spanish regulator CNMV has issued an investor warning against the Blumanstock broker scam (www.blumanstock.com). The Austrian FMA and German BaFin did so in May and June 2021, respectively. The Marshall Islands-registered Blumanstock Limited is allegedly the operator of the scam. As the facilitating payment processors, we found the Israeli-Cypriot BridgerPay of Ran Cohen and the Slovak Global DLT Exchange S.R.O d/b/a Jubit

Wirecard’s Jan Marsalek Confirmed as Russian Spy Mastermind in UK Espionage Conviction

A London court has delivered a seismic verdict in the ongoing saga of Wirecard, the collapsed German fintech giant: six Bulgarian nationals have been convicted and sentenced for spying on behalf of Russian intelligence, acting under the direct orders of Wirecard’s fugitive former COO, Jan Marsalek. This marks the first time a court has definitively established that Wirecard, under Marsalek’s leadership.

Odebrecht Scandal: Former BankerPeter Weinzierl Extradited to U.S., Held Without Bail in Brooklyn Jail

Former Meinl Bank CEO Peter Weinzierl has been extradited from the United Kingdom to the United States and is currently in custody at the Metropolitan Detention Center (MDC) in Brooklyn. The 59-year-old Austrian banker faces charges related to his alleged involvement in laundering over $170 million in bribes connected to the Odebrecht corruption scandal.

KBH Andelskasse Conviction Exposes Deep-Rooted Fintech-Driven Money Laundering Network

The recent conviction of former KBH Andelskasse CEO Bo Stengaard marks a pivotal yet incomplete chapter in one of Denmark’s most alarming money laundering scandals. While Danish media focuses on Stengaard’s four-month suspended sentence, a broader compliance investigation reveals a sophisticated network involving payment firms Clearhaus and FCA-regulated Moorwand.

Speculative Buy (With Guts)

The Invisible Backbone of Web3: Is Aleph.im the Missing Link Between DeFi and AI?

Aleph.im is one of the most underrated infrastructure plays in Web3 — offering decentralized compute, storage, and indexing services that could power the next wave of AI x DeFi applications. Unlike most layer-1 vanity projects, Aleph.im solves real problems for real dApps: it lets decentralized applications operate without relying on centralized backends like AWS.

Startup on Trial

Startup on Trial: Elizabeth Holmes and Theranos – Visionary or Fraudster? The Final Appeal Denied

Elizabeth Holmes, once celebrated as the world’s youngest self-made female billionaire, is now serving an 11-year prison sentence for defrauding investors in her blood-testing startup, Theranos. In May 2025, the 9th U.S. Circuit Court of Appeals dealt her what may be the final legal blow, denying her bid to have her 2022 conviction reheard.