Tag: D&D Venture Project

The GlobalCFD broker scam and its payment processors

CONSOB Charlene Lensburg - April 8, 2021

The Italian regulator Consob ordered the blackout of the then GlobalCFD broker scam website in Feb 2021 www.globalcfd.co. A few days ago, the regulator also blocked the scam's new domain www.globalfxcfd.com. The scam is allegedly operated by GlobalCFD Ltd and D&D Venture Project Ltd via the Marshall Islands. As payment processors, we have once again found a few of the usual suspects. Among them the iPayTotal and the crypto payment processors Itez and WE4BTC.

Consob orders blackout of six more scam broker sites

CNMV Charlene Lensburg - April 8, 2021

Actually, all EU states and their regulators should do this! The EU rules on consumer protection stipulate that the respective competent authorities must take the necessary measures to protect their citizens from Internet fraud. One of these measures is the blocking of fraudulent websites. Currently, only the Italian regulator Consob does this, based on a "Growth Decree" law from June 2019 empowering the regulator to block access to websites offering financial services without the proper authorization. On the first day after Easter, Consob blocked another six broker scams.

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