Castan Holdings | FinTelegram News

Tag: Castan Holdings

October 23, 2022

Another Investor Warning Against Investirex Broker Scam

The Austrian FMA issued a warning against the broker scam Investirex. In May 2022, FinTelegram warned against the PandaTS white-label broker scam. The German regulator BaFin announced an investigation into the scam and its operating offshore entity Castan Holdings Ltd. On 17 June 2022, BaFin informed that Investirex is evidently connected to Investirex Cryptocurrencies Ltd, Investirex Ltd, or Investirex.com Ltd. They claim to be part of a group of companies around CySEC-regulated K-DNA Financial Services.

September 19, 2022

Spanish Financial Watchdog Warns Against Ten Illegal Websites!

Spanish financial services watchdog CNMV issued warnings against ten illegal financial websites on September 19, 2022. Among them are some we already know and warned against like Investirex, Prime Invest, or MetaversesWorld. One, DGXLTD already vanished with its website. Besides, the CNMV has also warned against a fake news site that hunts naive victims for brokerage and investment scams with false news. Below is the list of new CNMV warnings.

June 18, 2022

BaFin Extends Investigations Against Investirex And Alleged K-DNA Financial Services Connections!

FinTelegram issued a warning on May 19, 2022, against the PandaTS white-label broker scam Investirex hunting for victims with fraudulent marketing campaigns such as Tesler. Just a few hours later, German regulator BaFin announced an investigation into Investirex and offshore operator Castan Holdings Ltd. On 17 June 2022, BaFin informed that Investirex is evidently connected to Investirex Cryptocurrencies Ltd, Investirex Ltd, or Investirex.com Ltd. They claim to be part of a group of companies around CySEC-regulated K-DNA Financial Services, the BaFin states.

May 20, 2022

BaFin Follows FinTelegram And Investigates Investirex Broker Scam

FinTelegram issued a warning on May 19, 2022, against the Investirex broker scam that hunts for victims with fraudulent marketing campaigns such as Tesler. Just a few hours later, German regulator BaFin announced an investigation into Investirex and offshore operator Castan Holdings Ltd. Probably BaFin has already investigated this broker scam parallel to us and did not become aware of it only after our warning. But who knows. BaFin suspects that unauthorized banking transactions or financial services are being offered in Germany via the platform.

Solaris Bleeds Cash and Jobs: Can This High-Risk Fintech Survive, Let Alone IPO?

Solaris, a German fintech and neobank, has a long history of compliance troubles. Moreover, its ongoing financial losses and regulatory woes doubt its long-term profitability, even as it sheds jobs and restructures for survival. A potential IPO, as rumored by the German platform Gründerszene, seems speculative at best in light of its deep-rooted issues with compliance and financial stability.

Breaking: The Binance-Like $3.1 Billion Money Laundering Settlement of TD Bank!

TD Bank, one of North America's largest financial institutions, has been hit with a historic $3.1 billion settlement over money laundering violations. This case represents one of the most significant AML enforcement actions in U.S. history, both in terms of the financial penalties imposed and the severity of the admitted misconduct. Only Binance, with its $4.1 billion settlement, was even larger.

Gotbit and Russian Executives Charged by U.S. DOJ and SEC for Crypto Market Manipulation!

Gotbit Consulting LLC, along with its Russian executives, has been charged by the U.S. DOJ and SEC for its role in a widespread market manipulation scheme. By using wash trades, Gotbit inflated crypto asset prices and volumes, deceiving investors and raising millions in illicit profits. The company’s fraudulent activities were executed across multiple jurisdictions, with key figures now facing extradition and prosecution.

SEC Charges Market Manipulators in Crackdown on Crypto Asset Fraud

The U.S. SEC has charged three market makers and nine individuals for manipulating the crypto asset market, generating artificial trading volumes and misleading retail investors. The fraudulent schemes created the illusion of active markets, prompting unsuspecting investors to pour money into manipulated crypto assets. The DOJ filed criminal charges against the scheme operators in a parallel transaction.

U.S. DOJ Charges 18 Individuals and Entities in Global Crypto Fraud Crackdown!

The U.S. DOJ has charged 18 individuals and entities in an international operation targeting market manipulation and fraud in the crypto industry. The defendants, including market makers and token promoters, are accused of using wash trading and false trading activity to deceive retail investors and artificially inflate crypto prices. This is the first major criminal case of its kind in the crypto market.