FinMax Racket | FinTelegram News

Tag: FinMax Racket

August 26, 2021

Finally! Ukrainian-Lithuanian FinMax Racket flees from Europe!

FinMaxFX is a huge scam and part of the FinMax Racket we have reported on several times. This racket has a fascinating background. To our knowledge, the racket is run by Oleksandr Vakulenko, a former senior Ukrainian police officer, and his wife, Olena Vakulenko. Funds stolen from clients were processed and laundered through offshore firms such as Max Capital Limited in Vanuatu and Lithuania's Softcast Group UAB. While the German BaFin has started investigations against FinMaxFX and its network, new clients from Europe are no longer accepted.

April 8, 2021

FinMax Racket – The former Ukraine Police officer, his wife, and more exposed scams

We want to extend our sincere thanks to all whistleblowers and volunteer friends of FinTelegram. They provide important information about FinMax and other scams and conduct their own research, which they make available to us. Since our last update on the FinMax Racket, we have learned that the racket's alleged boss is a former high-ranking police officer in Ukraine. We have also learned that there are other scams and a common address for all scams in Bulgaria. Here is the update.

April 7, 2021

The FinMax Racket – Connection to Atrix Group und RusVPN established

A few weeks ago, we started our reports about the FinMax Racket, which has been active with its scams under different domains like www.finmax.com, www.finmaxbo.com, www.finmaxfx.com, or www.finmaxCFD.com with binary options, CFD, and Forex since 2017. The scammers around Oleksandr Vakulenko are from Ukraine and have been attacking investors in Europe and Russia. We have received a lot of information from whistleblowers and victims and are constantly updating our reports. One of our whistleblowers found Atrix Group Ltd in the UK, publisher and operator of RusVPN, in the FinMax Racket environment.

Cash Cow Crypto: U.S. CFTC Enforcement Sets Records in FY 2024 with $17.1 Billion in Monetary Relief!

The U.S. Commodity Futures Trading Commission (CFTC) achieved a landmark year in FY 2024, securing over $17.1 billion in monetary relief, including $2.6 billion in civil penalties and $14.5 billion in restitution. The agency’s groundbreaking actions spanned digital asset (crypto) markets, voluntary carbon credits, and major compliance cases, highlighting its leadership in safeguarding market integrity.

U.S. DOJ’s Whistleblower Pilot Program: 250+ Tips in Just Months!

Whistleblowers are the only effective way to fight financial crime. The U.S. DOJ whistleblower pilot program has already proven effective, generating over 250 tips of potential misconduct since its launch in August, according to Principal Associate Deputy Attorney General Marshall Miller. According to a Reuters report, the initiative targets corporate malfeasance and encourages internal self-disclosure by companies.

Online Gambling: Lokinvestigation in Curaçao, its Maltese Connections, and How to Shut Down!

For many years, the far-far-away Curacao was the regulatory mecca of global online gambling. But that is over. The Lokinvestigation, spearheaded by opposition politician and forensic investigator Dr. Luigi Faneyte, reveals systemic failures and alleged corruption in Curaçao’s online gambling sector. With ties to Maltese investors and global financial networks, the report demands transparency but also carries political implications.

KTM’s Collapse: How Pierer and Blazicek Possibly Misled Investors and Profited Amid a €2.9 Billion Crisis!

The recent insolvency filing by KTM AG, Europe's largest motorcycle manufacturer, has unveiled significant managerial failures under CEO Stefan Pierer and Chairman of the Supervisory Board Josef Blasicek of Pierer Mobility AG. Despite clear indicators of financial distress, the company continued to distribute substantial dividends, misleading investors about its fiscal health. Here is an investor update on the KTM case.

Investor Briefing

Investor Briefing: Why Elon Musk’s SpaceX is valued at $350 Billion!

SpaceX, Elon Musk's private aerospace company, is reportedly in discussions to sell insider shares at a valuation of approximately $350 billion. This would be double what the company was reportedly selling shares at one year ago. In December 2023, Bloomberg reported SpaceX shares were being sold at a $175 billion valuation. Musk's closeness to Trump is apparently paying off.