Tag: GCG Cashier

Another black hole! Broker scam Invest International facilitated by Estonian FinanCollege!

Illegal Broker Activities tamir - January 21, 2022

Invest International is one of many white-label broker scams stealing money from consumers using cryptocurrencies and Estonian companies. The victims are referred through Estonian FinanCollege, which officially sells trading education packages. They make their deposits to the scam through GCG Cashier (https://cashier.gcg.technologies) and Bitcoin Today. These Bitcoins are then transferred to the wallets of the scammers. Like an all-consuming black hole Invest International absorbs the victims

German BaFin investigates Trade Center broker scam

BaFin Ben - August 2, 2021

The German regulator BaFin recently issued a warning against the illegally operating broker Trade Center a/k/a TradeCenter (www.tradecenter.fm) and announced investigations against the Estonian operator Promfix OÜ. Well, better late than never, right? Trade Center is an old scam; in February 2020, the Spanish CNMV issued an investor warning against it. But it is still active! As payment processors, we have found GCG Cashier as well as Netpay International via merchant Vekolle Limited.

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