The Trade99 scam puzzle and its Estonian payment processor
The Trade99 broker scam was notorious and had the dubious honor of receiving warnings and cease and desist notices from regulators worldwide. We reported about it a year ago and didn't know much about the background. Then came the InvestXE scam about which we have also reported several times. A whistleblower recently provided information proving that the same operators and boiler rooms are behind Trade99 and InvestXE. One of the co-operators and payment processors of Trade99 was ClearTransfer, where one of the key figures, Andreas Theodosiou, is the director.