7.8 C
New York
Monday, March 23, 2026
spot_img

Tag: Financial Resident

Investor Alert – Broker scam RazerMarkets with PandaTS and BridgerPay still active

Illegal Broker Activities Ben -
On 12 March 2021, the UK FCA issued an investor warning against the RazerMarkets broker scam, allegedly operated by RazerMarkets Ltd. This company is registered in the Marshall Islands. It is a PandaTS white-label scam. As a payment processor have once again discovered BridgerPay. Behind BridgerPay Cashier, we have also discovered the Estonian crypto payment processor CryptoPayIn, operated by Navasu OÜ. Until recently, Plus Exchange was also integrated as a cryptoprocessor. The scam is still active and attacks investors in Europe.

FCA warns against RazerMarkets scam facilitated by PandaTS and BridgerPay

FCA Ben -
The UK FCA issued an investor warning against the RazerMarkets broker scam. The scam is allegedly operated by RazerMarkets Ltd, registered in the Marshall Islands. It is a PandaTS white-label scam. As a payment processor have once again discovered BridgerPay. Behind BridgerPay Cashier, we have also discovered Estonian crypto payment processor CryptoPayIn, operated by Navasu OÜ. Until recently, Plus Exchange was also integrated as a cryptoprocessor.

CryptoPayIn – Another scam-facilitating Estonian crypto payment processor

Crypto Payments tamir -
Estonian crypto payment processors are a problem for retail investors and consumers in the EU. Especially those who have received a license to operate crypto payment services from the relevant Estonian regulator FIU. Thus, they call themselves EU-regulated payment processors on the website pretending to be a serious business. Unfortunately, many of these licensed crypto payment providers are scam hard-core facilitators and/or are related to scam operators. Most recently, we identified CryptoPayIn at the Financial Resident broker scam as a payment provider.

Investor Alert – Broker Scam Financial Resident and their payment facilitators

Cybercrime Ben -
With Financial Resident, our whistleblowers have uncovered another broker scam that is currently active. We did not find any legal entity claiming to be the scam operator in our quick initial research. This is also basically worthless information as these are typically front companies in offshore jurisdictions such as the British Virgin Islands, Marshall Islands, or St. Virgin & the Grenadines. On the other hand, we have discovered several payment processors such as iPayTotal, and some others. Investors should stay far away from the Financial Resident scam and report information.

iPayTotal cooperates with FCA-regulated Global Payments to facilitate scams

Fintech Ben -
In our research on the Financial Resident broker scam, we identified iPayTotal as one of the payment facilitators. However, when processing deposits via iPayTotal, visitors are redirected to Global Payments (www.globalpay.com), a payment processor licensed by the UK FCA. iPayTotal is one of the most notorious high-payment processors in the scammer scene. Many scammers complain that they were ripped off by iPayTotal and that funds were not transferred to them anymore. In this respect, the cooperation with a regulated FCA entity is somewhat surprising.

FinTelegram is a cyberfinance intelligence and compliance platform investigating financial crime, regulatory violations, and the rails, entities, and ecosystems that facilitate them. Combining investigative journalism, whistleblower intelligence, and forensic compliance analysis, we map risk across payments, banking, crypto, and offshore structures to support transparency, accountability, and informed action.

Contact us: [email protected]

Disclaimer: FinTelegram is an independent intelligence and compliance platform and does not provide investment, legal, or financial advice. Content published on this website, including references and links to third-party sources, is provided for informational, contextual, and educational purposes only and does not constitute a recommendation, endorsement, or solicitation. Readers must make their own independent assessment and obtain professional advice where appropriate. Past events and referenced materials are not a track record and should not be relied upon as an indicator of future results.

© Copyright - FinTelegram News powered by Cyber Intelligence Services LLC