BridgerPay | FinTelegram News

Tag: BridgerPay

Illegal Broker Activities

November 17, 2022

Attention! Broker Scam SoltechX Is Still Attacking Consumers!

Over the last couple of months, we issued several warnings against the broker scam soltechX, operated by the offshore entity Maxx LLC, registered in St. Vincent & The Grenadines. This entity has also operated other scams. As payment facilitators, we found the notorious BridgerPay, PayPound, and PayStudio. The boiler rooms behind soltechX and related scams are in Ukraine and Serbia. Max LLC is related to Cubic Services Ltd, another offshore scam operator with boiler rooms in Ukraine and Serbia. Stay far away and protect your financial health.

November 14, 2022

Whistleblower Request: The Israeli FinTech War And Extortion Campaigns In Cyprus!

The Cypriot financial scene is apparently at war. FinTelegram has been reporting on many of the CySEC brokers and FinTechs for years, pointing out that, unfortunately, many scams and investment fraud sites are also operated or facilitated by companies from Cyprus. Recently, the Cyprus Insider Twitter (@InsiderCyprus) has been revealing interesting points. Moreover, there are apparently also extortion campaigns currently running in the Cyprus scene. Here is the update. We would like to learn more.

October 17, 2022

Offshore Broker Moneta Markets Still Solicits EEA Residents Without Authorization!

Moneta Markets is a trading name of Moneta LLC, St. Vincent & The Grenadines. In Australia, Moneta Markets is acting as an authorized representative of AGC Capital Securities Pty Ltd, regulated by the Australian Securities & Investments Commission (ASIC). In South Africa, the scheme is an authorized Financial Service Provider regulated by the Financial Sector Conduct Authority (FSCA). However, it does not have regulatory permission for EEA jurisdictions and violates regulatory rules.

September 30, 2022

The BridgerPay Discussion! Ran Cohen Refuses To Accept Responsibility To Prevent Scams!

We've heard for years from BridgerPay founder Ran Cohen and other operators of unregulated payment gateways and payment processors that they didn't need to adhere to any regulatory requirements. Cohen recently argued again on Facebook that only PCI regulations would apply to BridgerPay. This is simply false. In all jurisdictions, we know of, facilitating criminal activity intentionally or negligently is punishable by law for any person or organization regardless of regulatory provisions.

PayTechs

September 28, 2022

The BridgerPay Attack On CyberFinance Rating Agency PayRate42!

FinTelegram has been active as a financial intelligence platform for about four years, specializing primarily in investor protection and financial cybercrime. Since FinTelegram's inception, Ran Cohen's Israeli-Cypriot payment platform provider BridgerPay has come to light as a facilitator in dozens of scams. The CyberFinance rating agency PayRate42 also placed BridgerPay on its Red Compliance list. And was berated and defamed by Cohen in a Facebook post for doing so.

September 26, 2022

Urgent Warning! Broker Scam SoltechX Still Chasing European Consumers

In April 2022, we warned against the broker scam soltechX, operated by the offshore entity Maxx LLC, registered in St. Vincent & The Grenadines. This entity has also operated other scams. As payment facilitators, we found the notorious BridgerPay, PayPound, and PayStudio. The boiler rooms behind soltechX and related scams are in Ukraine and Serbia. Max LLC is related to Cubic Services Ltd, another offshore scam operator with boiler rooms in Ukraine and Serbia.

September 20, 2022

The Successful Partnership: BridgerPay Facilitates Unauthorized Offshore Broker Equiti!

The Equiti Group is a global Forex and CFD broker regulated by the Jordan Securities Commission, the FSA Seychelles, and the FCA in the UK. However, Equiti illegally offers a 1:500 leverage also to European clients. BridgerPay is a VISA-registered Merchant Servicer and the operator of an AI-powered payment platform. In November 2020, Equity reported a 30% increase in global deposit approvals with BridgerPay. Today, Gareth Bateman, Global Head of Payments, praised BridgerPay for its services on LinkedIn.

September 19, 2022

BridgerPay Adds Red-Rated Bulgarian High-Risk Payment Processor EU Paymentz!

Recently we reported about BridgerPay's new search engine, Bridger Connections. Merchants can search for suitable payment processors for free, which is an attractive offer, especially for high-risk merchants. However, the quality and compliance of the integrated payment processors are apparently not checked by BridgerPay. As with the high-risk payment processor EU Paymentz which does not provide the required information about the legal entities on its website and is on PayRate42's "Red Compliance" list.

September 19, 2022

BridgerPay Connections – A Free Search Engine For Merchants To Find Payment Processors!

Israeli-Cypriot payment orchestrator BridgerPay launched Bridger Connections, a free search engine for merchants to help them find the perfect payment processors for their businesses. The search engine includes many but not all providers we know of. Some of them are already integrated into the BridgerPay gateway and some of them are built on demand where BridgerPay offers to put the merchants in contact with the payment processors. An introductory webinar will be held on September 29, 2022.

August 16, 2022

Interesting! Offshore Broker Moneta Markets No Longer Part Of the Vantage Group!

Until recently, Moneta Markets used to be a trading style of the Vantage Group with the offshore entity Vantage Global Limited, registered with the VFSC in Vanuatu, as its operator. European regulators have warned against the unauthorized and thus illegal activities of Moneta Markets soliciting consumers in the EU. For a few weeks, Moneta Markets has been operated by Moneta Markets South Africa (Pty) Ltd, an FSCA-regulated FSP, and Moneta LLC, registered in St. Vincent & The Grenadines.

August 14, 2022

Interesting! The Israeli Real Estate Business Follows FinTech Investors To Cyprus!

It is no secret that EU member state Cyprus is the center of the global Israeli financial industry, including forex schemes and the high-risk payment segment. Just over an hour's flight from Tel Aviv, Cyprus is a tax haven for Israeli entrepreneurs off their shores and the front door to the European Union's common market. That's why FinTech entrepreneur Ran Cohen has established his BridgerPay in Limassol, Cyprus, for example. His wife Linor Cohen runs several real estate companies and helps Israeli compatriots find real estate and tax savings in Cyprus.

May 25, 2022

Warning Against ICorpSecurities Broker Scam Facilitated By Axi Group and BridgerPay!

Israeli-Cyprus BridgerPay of Ran Cohen recently announced the successful completion of $6 million in seed funding with Southern Israel Bridging Fund (SIBF), touting its smart payment gateway. Among other things, this would also detect fraud and ensure that credit card payment rejection rates would drop dramatically. Well, the BridgerPay intelligent software evidently failed to detect the ICorp Securities broker scam and thus facilitates it happily. The Spanish CNMV recently issued a warning against it.