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Illegal Broker Activities

December 8, 2023

Urgent Warning Against CTMATADOR Broker Scam, Still Chasing After Victims!

FinTelegram has warned against the super-aggressive broker scam CTMatador many times, but it is still chasing victims. We have received new complaints from victims. In our review on Dec 8, 2023, no payment options have been available. Thus, it seems as if the scam is about to vanish. Several regulators have already issued warnings against CTMatador. Nevertheless, the scam is still active. If you have lost money, please get in touch with us!

August 1, 2023

Another Regulatory Warning Against Vanished FinexTrader Broker Scam!

FinTelegram has warned several times about the Latvian Racket, a cybercrime organization attacking consumers with broker scams and boiler rooms. One of these scams is FinexTrader, against which several financial regulators have issued warnings over the last two years. Recently, the Spanish CNMV. In our review on 1 August 2023, the scam's website was not accessible. It seems the scammers vanished with their victims' money.

May 26, 2023

Attention: The UK FCA Issues Another Regulatory Warning Against CT Matador Broker Scam!

FinTelegram has issued 12 warnings against the CT Matador broker scam in the last 18 months, but it is still active. As stated in the last warning in April 2023, the payment options at CT Matador are currently no longer active. Deposits can only be made via instructions from Boiler Room staff. This week, the Spanish regulator CNMV warned against CT Matador, followed by the UK FCA. Stay far away and keep your financial health. Please let us know your experience with this scam.

May 22, 2023

Attention: Another Regulatory Warning Against CT Matador Broker Scam!

FinTelegram has issued 11 warnings against the CT Matador broker scam in the last 18 months but is still active. As stated in the last warning in April 2023, the payment options at CT Matador are currently no longer active. Deposits can only be made via instructions from Boiler Room staff. Today, the Spanish regulator CNMV has issued a warning against CT Matador. Stay far away and keep your financial health. Please let us know your experience with this scam.

April 17, 2023

Urgent Warning Against CTMatador Still Chasing For Victims!

FinTelegram has warned many times against the super-aggressive broker scam CTMatador, but it is still chasing victims. Standard payment options have been disabled for some time now. It seems that CTMatador is preparing to vanish, but victims continue to report their losses. Most recently, many victims may have made crypto deposits to CTMatador and lost them. The boiler rooms behind the scam are still active. If you have lost money, please get in touch with us!

February 8, 2023

Attention! The Many Victims Of The CTMatador Broker Scam!

FinTelegram has already issued many warnings about the super-aggressive broker scam CTMatador. The last one was in November 2022. Standard payment options have been disabled for some time now. It seems that CTMatador is preparing to vanish, but victims continue to report their losses. Most recently, many victims may have made crypto deposits to CTMatador and lost them. The boiler rooms behind the scam are still active. If you have lost money, please get in touch with us!

February 2, 2023

Investor Warning Against Broker Scam Fuelta!

Today we received an email welcoming us as a new client of Fuelta broker. The trading account was already opened, we were told. Strange, because we have never registered with Fuelta. This is just one of the countless white-label scams that disappear after a few weeks and are replaced by a new scam brand. The customer data is used and abused again and again. Stay far away.

December 15, 2022

Attention! Another Urgent Warning Against CrystalsCapitals Broker Scam!

We received new victim reports! The Royal Capitals, Eurotrade Invest Group, and CrystalsCapitals are broker scams, chasing after victims via fraudulent crypto campaigns and fake news articles. Anyone who registers there is automatically redirected to the scam's payment page. The operator is allegedly Shadlake Ltd, registered in Bulgaria. As facilitating payment processors, we found OpenUp, ArdelixPay, ChargeMoney, or RESET for credit card payments. You should stay far away and protect your financial health and data.

December 5, 2022

Urgent Warning Against Bulgarian Broker Scams Royal Capitals Et Al!

The Royal Capitals broker scam is promoted via fraudulent crypto campaigns like Bit IQ and fake news articles. Anyone who registers there is automatically redirected to the scam's payment page. The operator of Royal Capitals is allegedly Shadlake Ltd, registered in Bulgaria. As facilitating payment processors, we found OpenUp, ArdelixPay, ChargeMoney, or RESET for credit card payments. They should stay far away and protect their financial health and data.

November 24, 2022

Urgent Warning Against Broker Scam CT Matador!

We have warned against the broker scam CTMatador for several months now. Trustpilot warns against fake reviews CTMatador has used to present itself as reputable. But the scam is still online and attacking consumers. As payment processors, we discovered the notorious scam facilitators Finanic, GameChangers, ChargeMoney, and Paypound. In our today's review, none of the payment options worked. Currently, the payment system is not active; it seems like the scam is about to vanish!

September 10, 2022

Attention! Multiple Warnings Against BBanc And FX-Changer Broker Scams Facilitated By Mirhax And Black Rabbit!

A month ago, the Spanish regulator CNMV warned against the broker scam BBanc, allegedly operated by St. Vincent & The Grenadines registered Primis LLC (report here). On 8 Sept 2022, the UK FCA also issued a warning against this offshore broker as did the French AMF and the Canadian FNCB. This offshore entity is registered as a broker with the Mwali International Services Authority on the Island of Moheli. Primis LLC is also the operator of the FX Changer broker scam. Stay very far away, and protect your money and your data.

August 31, 2022

Urgent Warning Against The FinexTrader Broker Scam!

FinTelegram has already warned several times about the cybercrime organization we call Latvian Rack. This organization attacks consumers in Europe with its broker scams and boiler rooms via legal entities in the UK and other jurisdictions. One of these scams is FinexTrader, which was recently blacklisted by the French regulator AMF. We think that FinexTrader will soon disappear with the victims' money. Stay far away. Save yourself financial losses and the misuse of your data.

US Treasury Forgives Ukraine Looters!

On 26 September 2024, the United States Treasury’s Financial Crimes Enforcement Network ‘FinCEN’ made the astonishing decision to drop sanctions against ABLV Bank of Latvia. ABLV was sanctioned in 2018 for a list of reasons, including helping Ukrainian President Viktor Yanukovich’s bagman, Serhiy Kurchenko, steal billions of dollars from Ukraine.

Gurbir Grewal’s Departure from the SEC: His New Position and Potential Impact on Crypto Regulation!

Gurbir S. Grewal, the former Director of the Division of Enforcement at the U.S. Securities and Exchange Commission (SEC), has left his position to join Milbank LLP, one of the most innovative and prestigious law firms globally. This transition from his high-profile regulatory role to private practice is likely to have lasting implications, particularly on the SEC’s enforcement strategy in the crypto sector.

Warning Against The Imminent Danger of Pig Butchering For The Dawning Cyber Society!

Pig butchering scams are a devastating form of cybercrime that blend romance and investment fraud, leaving victims emotionally and financially shattered. These sophisticated operations, run by organized crime syndicates, often exploit human trafficking victims as unwilling scammers. The perpetrators meticulously cultivate trust over months, luring targets into fraudulent cryptocurrency investments through fake platforms.

MLM Schemes

Latest Arrests in $4 Billion Forex AI Fraud Scheme OmegaPro and the Austrian Connection!

FinTelegram has reported on the fraudulent crypto MLM schemes OMNIA Tech and OmegaPro several times in the past. This week, various media outlets have reported the arrest of Robert Velghe in Turkey, who has played a crucial role in both scams. The OmegaPro MLM scam is believed to have stolen around $4 billion from victims worldwide. Here is our update with a request for additional information from whistleblowers.

Crypto MLM Scam: David Carmona Sentenced to 121 Months for IcomTech Crypto Ponzi Scheme!

iComTech was one of the numerous fraudulent MLM schemes that used cryptocurrencies as a means of fraud in parallel with the crypto hype of 2017/18. David Carmora started IcomTech in approximately 2018 with other co-conspirators as a purported cryptocurrency mining and trading company. The scheme promised to earn its victims high profits and guaranteed daily returns that would double their money within six months.