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Tag: Funds Recovery

Israeli fund recovery schemes chasing scam victims

Israeli fintech pundits also invented binary options industry. Big players like SpotOption, PandaTS, or Tradologic had thousands of binary options schemes running on their platforms as white-label clients. Binary options turned out to be ultimately a gigantic fraud industry. Conveniently, fund recovery companies have also emerged in Israel, often run by former scammers. Schemes like Europe Refund or MyQuickRefund run massive Google Ad campaigns to acquire scam victims and sell their expensive services.

The Fake Regulator Scam targets victims with forged emails and fake orders

The Fake Regulator Scam model is for sure not new, but amid the COVID-19 crisis and the many scams, it seems to be booming again. After the UK FCA, the German BaFin, the Austrian FMA has recently issued a warning against scammers who approach potential victims as alleged employees of the regulatory authority and offer various services that are supposed to bring money to the potential victim.

UK Regulator FCA Warns Against Funds Recovery Services Providers

It was an intense week for the UK Regulator Financial Conduct Authority (FCA). No fewer than 28 investor warnings...

EFRI Funds Recovery Campaign Against Fraudulent Online Broker Sites Launched

EFRI - the European Funds Recovery Initiative - today officially launches its funds recovery campaign for the online trading...

EFRI FUNDS RECOVERY CAMPAIGN FOR ENVION TOKENHOLDERS LAUNCHED

FinTelegram was founded early 2018 with the mission to educate and protect investors with their online investments. At that...

BINARY OPTIONS: GERMAN LAW FIRM ORGANIZES CLASS ACTION AGAINST SAFEMARKETS AND ITS PEOPLE

SafeMarkets lawsuite: The German law firm CLLB takes action against the illegal trading platforms of SafeMarkets of Wolf von...