Crystal Ball Markets | FinTelegram News

Tag: Crystal Ball Markets

May 3, 2023

Urgent Warning Against Unauthorized Offshore Broker Crystal Ball Markets!

In March 2021, we issued our first investor warning against the unauthorized offshore broker Crystal Ball Markets The operator is Crystal Ball Markets LLC, registered in St. Vincent & The Grenadines. Since March 2021, the supporting payment processors have changed. Currently, clients can make their deposits via the Russian payment platform Perfect Money, bank wire, and crypto. We have given the offshore broker a red compliance rating.

Offshore Broker

August 25, 2022

Requested Update On Unauthorized Offshore Broker Crystall Ball Markets!

In March 2021, we issued an investor warning against the offshore broker scam Crystal Ball Markets, operated by the offshore entity Crystal Ball Markets LLC. Since March 2021, the supporting payment processors have changed. The offshore broker has no authorization to operate as a Forex, CFD or Crypto broker in Europe or other jurisdictions. We were contacted the brokers Chief Strategy Officer Sasaenia Omilabu and advised that Crystal Ball Markets would be registered with FINTRAC of Canada as a Money Services Business (MBS). Here is the update!

Illegal Broker Activities

September 6, 2021

Another investor warning against Crystal Ball Markets broker scam

In March 2021, we issued an investor warning against the broker scam Crystal Ball Markets (www.crystalballmarkets.com), mainly active on Instagram and social media. The scam operator is Crystal Ball Markets LLC, registered in January 2020 with registration number 262. The offshore entity was founded by the notorious company builder Wilfred Services Ltd. Since March 2021, the supporting payment processors have changed. Currently, the (potential) victims are asked to make their deposits primarily through PayPal or via cryptocurrencies. Stay away! Stay happy!

April 30, 2021

R4I – Secretive scam-facilitating payment processor Paystruct

In recent weeks, Paystruct (www.paystruct.com) has appeared more and more frequently as a payment processor in our analysis of scam brokers. Like many of the high-risk payment processors, Paystruct discloses very little information on its website. There is no indication of the legal entity and individuals behind it. Contact can be made by email or phone with a number in London. Also, there is no additional information on the merchant dashboard except that Paystruct is supposed to be the world's best closed-loop token payment system with payouts under 24 hours.

Illegal Broker Activities

March 4, 2021

Investor Warning – Crystal Ball Markets is most likely a scam

The unregulated offshore broker Crystal Ball Markets (www.crystalballmarkets.com) is allegedly operated through a legal entity with registration number 262 LLC 2020 in St Vincent and the Grenadines. The only employee we found on LinkedIn is Naina Sharma in Uttar Pradesh, India. However, the profile does not look real. The broker is currently very active on Instagram, Twitter, and Facebook and evidently tries to build up credibility. We found iPayTotal, PayStruct, Perfect Money, and Euro Pacific Intl. Bank Inc. as payment processors. The broker, of course, accepts crypto.

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.