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Tag: GainBitcoin

June 16, 2018

TWO CHARGE SHEETS FILED IN THE $300 MILLION INDIAN CRYPTO-MLM SCAM

Police and authorities in India make pace with their investigations in the US$300 million crypto-MLM scam around Amit BHARDWAJ and his partners. FinTelegram has been..

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June 9, 2018

AMIT BHARDWAJ, THE INDIAN BITCOIN SCAM, AND THE IMPLICATIONS

FinTelegram already published some in-depth reports on the Indian US$ 300 million crypto-scam around the Indian entrepreneur Amit BHARDWAJ who was imprisoned some weeks ago...

Research Files

April 29, 2018

THE INDIAN CRYPTO-CRIME PUZZLE AROUND GAINBITCOIN AND GBMINERS

The Biggest Asian Crypto-MLM Scam scales up It was a another tough week for the Crypto-MLM scene in Asia. As reported Amit BHARDWAJ, founder of..

ticker

April 7, 2018

UPDATE GAINBITCOIN CASE: ENFORCEMENT DIRECTORATE REGISTERS MONEY LAUNDERING CASE

We already reported that the Indian crypto-entrepreneur Amit Bhardwaj, allegedly a partner for NEXUS GLOBAL’s Crypto-MLM system, and eight others were arrested in Bangkok early April..

March 24, 2018

NEXUS GLOBAL – The Network behind the Crypto-MLM

We published our first impression on the prelaunch of the Crypto-MLM NEXUS GLOBAL yesterday. From what we saw, it is pretty clear that it’s just..

Financial Intelligence Report: The Disappearance of Magua Pay, the High-Risk Payment Network of Moriel Carmi, and Regulatory Scrutiny

The recent disappearance of Magua Pay Inc. and its associated brand Black Rabbit raises serious concerns regarding the financial network behind high-risk payment processing, unauthorized financial services, and fraud facilitation. Magua Pay has long been identified as a facilitator of illegal gambling and broker scams

Breaking: Austrian Judicial Failure – OGH to Overturn Convictions in Europe’s Largest Cybercrime Case!

After years of investigations and legal proceedings, the Austrian judiciary has once again demonstrated its inefficiency in dealing with complex financial crimes. Despite overwhelming evidence and critical contributions from whistleblowers and FinTelegram, the Austrian justice system has failed to secure a solid conviction against two alleged masterminds behind the fraudulent broker scheme around the Bulgarian Tradologic.

Financial Analyst Update: Libra Token Scandal and New York Lawsuit

The Libra token ($LIBRA) scandal has escalated into one of the most significant cryptocurrency controversies of 2025, with a class-action lawsuit filed in New York spotlighting alleged misconduct by key players in the token’s launch. Here are the latest developments surrounding this debacle, including the legal action initiated by Burwick Law against Kelsier Ventures, KIP Protocol, and Meteora, as well as the broader implications for the crypto market and investors.

Urgent Warning: Beware of Suki Chen and the Streakk/Earn World Crypto MLM Schemes!

FinTelegram’s investigations, alongside whistleblower reports, reveal that Suki Chen (aka Sukijami Chendrawan) is the alleged founder of Streakk and successor scheme Earn.World. Both schemes are suspected to be pyramid or snowball schemes (MLM schemes) that have been promoting their own STKK token. These operations have been flagged as fraudulent and are under scrutiny for securities fraud and Ponzi-like activities.

Financial Intelligence Report: The Disappearance of Magua Pay and Black Rabbit – A High-Risk Payment Processor in the Scam Broker Ecosystem

Magua Pay Inc., a Vancouver-based money services business (MSB license M21111044) operating under the brand Black Rabbit, has vanished from the digital landscape as of March 2025. Both its primary website (magua_pay.com) and Black Rabbit’s site are either under construction or offline, signaling potential operational collapse or regulatory pressure. FinTelegram exposed Magua Pay as a payment facilitator of broker scams and unauthorized broker schemes,