High Net Group | FinTelegram News

Tag: High Net Group

January 18, 2023

Whistleblower Request: SinaraCorp, BitnextLTD, And Their Cybercrime Scheme Facilitated By Luna!

In March and May 2022, FinTelegram warned against a cybercrime scheme around different companies in different jurisdictions and a multitude of domains and websites. Since our report, some websites have vanished, but the scheme is still chasing victims. The German BaFin warned against SinaraCorp, while the Austrian FMA warned against BitnexLTD. Other regulators have also issued warnings against the aggressive cybercrime scheme. Here is an update.

May 26, 2022

Urgent Warning Against SinaraCorp, BitnextLTD, And Their Cybercrime Network!

The FinTelegram team investigates most financial regulator alerts in more detail to determine which payment processors and other facilitators are involved and on which platforms the scams are running. This way, we can consistently come up with networks of related scams. The German BaFin has issued a warning against SinaraCorp and the Austrian FMA against BitnexLTD. Both scams are identical and white-label clones from the same cybercrime network that operates dozens of other scams. Some we have already exposed in the past. Here is an update.

March 11, 2022

Urgent warning against High Net Group Ltd, SinaraCorp, and its vast scam network!

The Austrian FMA recently issued an investor warning against the SinaraCorp broker scam. The alleged operator is the Marshall Islands-registered offshore entity High Net Group Ltd. We already know this company and the scammer network as operators of a vast network of scams like TrustFina, Cryptansa, or SelfKings. These scams have been massively promoted via fraudulent campaigns like YuanPay or Bitcoin Circuit in recent months. Please do not fall for them and keep your money and data.

Illegal Broker Activities

October 28, 2021

Urgent warning! Selfkings broker scam threatening victims with physical attacks!

We warned against the broker scam SelfKings attacking investors in Europe and Russia a few weeks ago. Their boiler room agents are threatening their victims. This scam is run by the very same scammers and boiler rooms that run the Cryptansa (www.cryptansa.com) and TrustFina (www.trustfina.com) scams and probably others. Xem Cloud Ltd in the Marshall Islands allegedly operates SelfKings.

Illegal Broker Activities

September 23, 2021

Attention! Stay away from the SelfKings broker scam

the broker scam SelfKings (www.selfkings.com) attacks investors in Europe and Russia with its boiler rooms. SelfKings is run by the very same scammers and boiler rooms that run the Cryptansa (www.cryptansa.com) and TrustFina (www.trustfina.com) scams and probably others. Xem Cloud Ltd in the Marshall Islands allegedly operates SelfKings. The offshore entities High Wealth Group Ltd and High Net Group Ltd in the Marshall Islands operate TrustFina.

September 13, 2021

Attention! YuanPay Group fraud campaigns hunting victims for TrustFina scam

A fake Forbes article on the Ikonitex website leads us to the fraudulent YuanPay Group campaign Safe Investment Daily website (https://safe-investment-daily.com). The promise of quick riches is always made there. Anyone who registers with the campaign is automatically created as a future victim of the TrustFina broker scam and redirected to its payment page. The scam is operated via High Net Group Ltd in the Marshall Islands. German and English-speaking consumers are attacked. We have already warned about the TrustFina scam.

Illegal Broker Activities

September 3, 2021

Alert! Stay far away from Trustfina and Cryptansa broker scams

The notorious Bitcoin Circuit fraud campaign is running today on the website https://insaneoffrforyou.org and chases victims for the broker scam Trustfina. The offshore entity High Net Group Ltd is allegedly operating the scam. When registering on Bitcoin Circuit, one is also automatically registered as a victim with Trustfina and redirected to the scam's payment page. There, victims can lose their money via credit and debit card, bank transfer, or crypto. Stay far away from Trustfina and its scam twin Cryptansa.

Breaking: The Binance-Like $3.1 Billion Money Laundering Settlement of TD Bank!

TD Bank, one of North America's largest financial institutions, has been hit with a historic $3.1 billion settlement over money laundering violations. This case represents one of the most significant AML enforcement actions in U.S. history, both in terms of the financial penalties imposed and the severity of the admitted misconduct. Only Binance, with its $4.1 billion settlement, was even larger.

Gotbit and Russian Executives Charged by U.S. DOJ and SEC for Crypto Market Manipulation!

Gotbit Consulting LLC, along with its Russian executives, has been charged by the U.S. DOJ and SEC for its role in a widespread market manipulation scheme. By using wash trades, Gotbit inflated crypto asset prices and volumes, deceiving investors and raising millions in illicit profits. The company’s fraudulent activities were executed across multiple jurisdictions, with key figures now facing extradition and prosecution.

SEC Charges Market Manipulators in Crackdown on Crypto Asset Fraud

The U.S. SEC has charged three market makers and nine individuals for manipulating the crypto asset market, generating artificial trading volumes and misleading retail investors. The fraudulent schemes created the illusion of active markets, prompting unsuspecting investors to pour money into manipulated crypto assets. The DOJ filed criminal charges against the scheme operators in a parallel transaction.

U.S. DOJ Charges 18 Individuals and Entities in Global Crypto Fraud Crackdown!

The U.S. DOJ has charged 18 individuals and entities in an international operation targeting market manipulation and fraud in the crypto industry. The defendants, including market makers and token promoters, are accused of using wash trading and false trading activity to deceive retail investors and artificially inflate crypto prices. This is the first major criminal case of its kind in the crypto market.

Crypto Exchange Crypto.com Sues US SEC Over Regulatory Overreach!

Crypto.com, the Singapore-based crypto exchange with more than 100 million users, has filed a lawsuit against the SEC, challenging the regulator’s authority over crypto assets and accusing it of overstepping its jurisdiction. The lawsuit comes after a Wells notice was issued to the platform, signaling the SEC’s intent to take enforcement action.