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Tag: BNP Paribas

Update on the Trade Com Scam Racket and its facilitating payment processors

Illegal Broker Activities tamir -
The Trade Com Racket is believed to have a headquarters in Albania. JPM Capitals, ProfxCredit, FMA Crypto, Coinmond, GlobalSpotFX, Spotfinex, FXonspot, and TopEuroFX are part of the racket. In January and August 2020, the UK FCA issued investor warnings against the FXonspot scam; in September 2020, the Spanish CNMV followed. The racket offers the trading app TopEuroFX for free download in the Google store. As facilitating payment processors, we have recently discovered Payecards, the Estonian Woodstock OÜ, the UK Cashaa Technologies Ltd, and Net Kantor.

WorldMarkets Scam Update – Polish Crypto Payment Processor Net Kantor freezes account and launches investigations

Cybercrime tamir -
A few days ago, FinTelegram reported another bank account connection of the huge WorldMarkets Scam. Specifically, it was about an account of the Polish Net Kantor at the Polish BNP Paribas. Now we were contacted by the Net Kantor people. In the statement to FinTelegram News Net Kantor states that they would be a serious and licensed crypto payment processor. The account (Reference/Note: 1059) mentioned in the article would have been frozen immediately and investigations would now be carried out against the respective customer.

Worldmarkets Scam Update – Another bank and beneficiary exposed

Cybercrime tamir -
It is always embarrassing how long some scams last despite many warnings. Even more astonishing is the fact that banks and payment processors can be found again and again to support these scams with their services. One of these amazing cases is the Broker Scam Worldmarkets. Under this really first-class domain a scam is operated since at least 2018 and has already ripped off thousands of small investors.

FinTelegram is a cyberfinance intelligence and compliance platform investigating financial crime, regulatory violations, and the rails, entities, and ecosystems that facilitate them. Combining investigative journalism, whistleblower intelligence, and forensic compliance analysis, we map risk across payments, banking, crypto, and offshore structures to support transparency, accountability, and informed action.

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