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Tag: Hoch Capital

August 6, 2023

What Happened To The Cybercrime Mastermind Gery Shalon After Blowing The Whistle Big Style?

The Georgia-born Israeli Gery Shalon has been a prominent figure in the world of cybercrime, especially after being labeled as the alleged mastermind behind some of the most significant hacks on the US financial system in the early 2010s. Shalon was also the mastermind behind Gal Barak's cybercrime organization. He allegedly made a deal with the U.S. prosecution and snitched on his former partners.

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November 30, 2022

Deutsche Handelsbank Under Fire For Its Scam Facilitation & Money Laundering Activities!

In the summer of 2020, a Munich court issued a garnishment order to seize the bank accounts of CySEC-regulated Hoch Capital Ltd (file number 1539 M 46463/20). One of the payment processors involved was Deutsche Handelsbank, a notorious scam facilitator. As ordered, Deutsche Handelsbank submitted the data to the court and froze the Hoch Capital Ltd account, which held over €909,000. The company and its individuals are under investigation by German prosecutors on suspicion of investment fraud.

April 17, 2021

CySEC Compliance Issue – FCA bans FXVC for the UK market

Cyprus Investment Firms (CIF) regulated by CySEC are a problem for the security of the European financial markets. The CySEC CIFs work with illegal offshore mutations, fraudulent marketing campaigns, and target consumers and retail investors in the EU. Now the UK watchdog FCA has banned CySEC-regulated Finteractive Ltd d/b/a FXVC from UK clients. After Brexit, FXVC was allowed to operate under the Temporary Permission Regime (TPR) with the CySEC license in the UK.

July 23, 2020

CySEC approves plans for the voluntary renouncement of the licenses of Rodeler and Hoch Capital

FinTelegram has reported on 21 July 2020 that Rodeler Ltd is voluntarily renouncing its CySEC license. Consequently, 24option, the trading style of the broker will also be terminated. On the website of 24option (www.24option.com) customers are informed that the operation will be closed as of August 20, 2020, the "Termination Date." The CySEC announcement states that this license renouncement has already been decided as of July 6, 2020.

June 11, 2020

Cybercrime & Scams: Dangerously Toothless European Regulators and Lonely Victims

The difference between the US regulators and their EU counterparts could not be greater. While the SEC and CFTC have implemented whistleblower programs and act as the advocates of retail investors, the EU regulators leave the victims rather alone in the fight against scammers and online fraudsters.

June 8, 2020

Investor Alert – Whistleblower informs CySEC about 24option ambition to transfer clients to ForexTB

For several weeks now, the Forex and CFD brokers Rodeler and F1Markets regulated by the Cypriot regulator CySEC have been keeping us busy. More and more whistleblowers are reporting irregularities and worrying details of their business practices. In December 2019, the Italian regulator CONSOB has already banned the luge athletes and their brands from Italy and thus revoked the EU Licence Passporting. Recently the UK FCA has also taken this step for luge, F1Markets, Hoch Capital, and Magnum FX (Cyprus). This forced CySEC to take measures and to order a temporary suspension.

June 2, 2020

EU Passporting – the Regulatory Black Hole for Investor Protection

For many months, law enforcement agencies as well as regulators in different jurisdictional regimes in the EU have been investigating Rodeler Limited, F1Markets, Hoch Capital..

Financial Intelligence Hypothesis: Paul Atkins’ Potential Impact as SEC Chair Under Trump Administration

Donald Trump’s nomination of Paul Atkins as SEC Chair could radically reshape the future of the world’s leading financial regulator, driving the SEC towards a laissez-faire stance that prioritizes deregulation, reduced enforcement, and a pro-business agenda. Atkins’ tenure would likely redefine the regulatory landscape not only in the United States but globally, given the SEC’s influence over international markets.

Google Battles CFPB: Tech Giant Fights Back Against Federal Oversight in Payments Showdown

The U.S. Consumer Financial Protection Bureau (CFPB) has placed Google Payment Corp. under federal supervision, citing concerns over its error resolution and fraud prevention processes. This decision follows nearly 300 consumer complaints alleging issues such as inadequate investigation of fraudulent charges and insufficient explanations of investigation outcomes.

Wirecard Scandal Reignites: Markus Braun’s Release Demanded Amid Espionage Revelations

In light of recent court findings across multiple jurisdictions, it has become increasingly clear that the ongoing trial of former Wirecard CEO Markus Braun may be fundamentally flawed. The crux of this issue lies in the apparent failure to fully incorporate the now-established activities of fugitive ex-COO Jan Marsalek into the proceedings. This not only jeopardizes the fairness of Braun's trial but also risks obscuring the true nature and extent of the Wirecard scandal.

TikTok Takedown: America’s Digital Iron Curtain or Silicon Valley’s Secret Weapon?

The recent ruling by the U.S. Court of Appeals for the District of Columbia Circuit has sent shockwaves through the social media industry, upholding a law that could effectively ban TikTok in the U.S. The ruling cited national security concerns. This decision marks a significant escalation in the ongoing tension between the U.S. government and Chinese-owned tech companies.

Truong My Lan: A Tycoon’s Fall from Grace and Vietnam’s $44 Billion Financial Scandal!

The dramatic downfall of Truong My Lan, one of Vietnam’s most prominent property magnates, has sent shockwaves through the country's financial and political systems. The 68-year-old former billionaire is at the center of one of the largest financial frauds in history, a scandal that has not only exposed vulnerabilities in Vietnam’s economy but has also highlighted the intricate relationship between business and politics in the country.