Tag: Futurus X

The Austrian Financial Market Authority (FMA) has issued a warning against FinexTrader broker scam, part of the so-called Latvian Racket. It is allegedly operated by the Finex Group Ltd, which has already operated the now disappeared scams XFINANCES, eXFINANCES, and ZurichInvests. The Latvian Aleksejs Kohanovs is registered as the controlling person in the UK Companies Register. As payment processors, we have discovered ChargeMoney and HighIsk. Stay far away.

Isunext is the trading style of the crypto payment processor XFinances OÜ, registered and licensed as a crypto payment processor in Estonia by the FIU as the competent regulator. The beneficial owners of XFinances OÜ are the Latvians, Pavels Krasovskis and Rooba Urmas. The company is a part of the so-called Latvian Racket and has facilitated scams like XFinances, eXFinances, or Zurich Invests. For several days now, the company's website has been unavailable. Visitors receive the error code 523.

Digital currencies are the future in one way or another. For a few months now, online payment pioneer PayPal has also been accepting bitcoins and other cryptocurrencies. Estonia is currently the epicenter of European crypto payment processors. As of mid-2020, the Estonian FIU had issued more than 3,000 licenses (report here). Unfortunately, many of them are used to facilitate scams and illegal payment services. We have drafted a list of Estonian crypto payment companies that have come to our attention in scams.

We ask for the support of our whistleblowers to supplement the information we have and to be able to create complete profiles from it. In the last few days, we have discovered two scams, Zurich Invests (here) and XFinances (here), where MisterBit of Cristiano Chiarugi, licensed in Estonia as a crypto payment processor, acted as payment facilitators. Also, we have received information suggesting a connection between MisterBit and Estonian Isunext.

The XFinances broker scam was operated with domain www.xfinances.com until a few weeks ago and received some negative reviews. After that, it was switched to the currently active domain, www.exfinances.com. A tellinge name, isn't it? The scam is allegedly operated by FINEX GROUP LTD, which claims to be regulated by Swiss Financial Securities (SFINS) and Markets Financial Authority (MFA). Bullshit is this; these are no regulators! As payment processors, we have again the Estonian crypto payment processor MisterBit.

Like the COVID-19 virus, the scam virus is spreading across the internet with a logarithmic growth. The FCA issued an investor warning on November 9, 2020, against BeforexCapital and Capital Holding Funds allegedly operated by Capital Holdings LLC, St. Vincent & the Grenadines. As payment processors, we have discovered Praxis Cashier with the Estonian crypto exchange MisterBit.