Tag: Infinitrade

Phoenix Payments Ltd d/b/a Paytah, registered in Malta and regulated by the MFSA, is currently at the center of regulatory and criminal investigations in several European jurisdictions. In addition, Paytah is facing claims from scam victims who made deposits to various scams through Paytah and its affiliates. The European Fund Recovery Initiative (EFRI) represented the interests of victims at an obscure Financial Ombudsman hearing in Malta. Franklin Cachia of CSB Group represented Paytah. Cachia is currently the company's contracted compliance officer.

In May 2020, the UK FCA issued an investor warning against the Infinitrade (www.infinitrade.com and www.infinitrade.io) broker scam, operated by offshore entity A&E Products Ltd. The scam has been facilitated by payment processors Phoenix Payments Ltd d/b/a Paytah, and Finligue Grupp OÜ d/b/a Crypto1. The Maltese regulator MFSA has received complaints from victims about Paytah and its scam clients. Despite FCA's warning, PayTah and Crypto1 have continued to support the Infinitrade scam.

In May 2020, the UK FCA issued an investor warning against the Infinitrade broker scam, operated by A&E Products Ltd, registered in Bulgaria. We know that the scam by payment processors Praxis Cashier, Paytah, and Crypto1 were involved. We are also aware that the MFSA has received complaints from victims about Paytah and is referring them to the Ombudsman. Therefore, we would like to know more to support the victims' claims.

Bitcoin (BTC) is offered as an additional payment option. You can either send the BTC directly to a specified blockchain address or purchase it via the crypto-broker Crypto1 (www.crypto1.io). This exchange is operated by Finligue Grupp OÜ, a crypto-financial service provider registered in Estonia (not again), where the Latvian Anatolijs Belavskis, born August 1988) is registered as the sole director. This guy is also found in the UK Companies House as an active director and controlling person of Treastone Ltd.