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Tag: Finexo

Consob Monday – Italian regulator closes down six scam sites!

CONSOB Ben -
On 15 November 2021, Italian regulator Consob ordered the black-out of six new sites illegally offering financial services to Italian consumers. Since July 2019, the Italian watchdog has blocked 548 websites for the Italian market. Consob is currently the only European regulator that has this power in regulatory enforcement. It would be desirable if other jurisdictions also gave their regulators such authorization to fight scams more efficiently.

Investor warning against Finexo Markets and Finexo

BaFin Ben -
German regulator BaFin has announced an investigation into the Finexo Markets (www.finexomarkets.com) broker scam. The boiler room agents behind the scam claim to have a branch office in Frankfurt. Until a few months ago, the operator listed was Finexo Holdings Ltd, registered in the UK. The scam attacks victims in English, Italian, Spanish, German, and Russian. The Finexo (www.finexo.io) scam is also still active and attacks European consumers. Don't fall for these fraud s

BitQT fraud campaign promotes Finexo broker scam

Affiliate Scams tamir -
Mr. Jason Vogel writes us a confidential email today and shares his secret about making money fast. All we have to do is register at this link, and "the money rolls in." Jason Vogel writes us several of these emails every day. A busy scammer and spammer. The link in today's email takes us to the BitQT fraud campaign running on Electlinks on Quality Unit LLC's PostaffiliatePro platform. After registering with BitQT, we are taken through The Bitcoin Revolution, where we are urged to deposit into our crypto trading account. Then we finally end up at the Finexo broker scam.

FinTech Service – I did not do that! Confessions of an alleged scammer and scam facilitator!

Binary Options Ben -
On May 8, 2018, the German regulator BaFin issued an order that Kai Petersen's FinTech Service GmbH, registered in Dusseldorf, Germany, should cease support for scam brokers. An appeal against this order was denied by the court in Frankfurt. In September 2019, the U.S. SEC filed a complaint against Kai Petersen and his Israeli partners Gil Beserglik and Raz Beserglik charging them with binary options fraud. FinTelegram has reported and Kai Petersen has contacted FinTelegram to contest on of ten counts.

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