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Posts tagged as “International Fintech”

FinTech Review – PayPal challenger Caspero offline and BigWallet remains silent for good! What about Brüc Bond?

FinTelegram has recently published reviews of the promising FinTechs BigWallet and Caspero after our people have been working on these (and other) FinTechs for weeks. Read the Caspero Review here and the BitWallet Review here. Things with these heavily-promoted FinTechs are not getting better, it turns out.

FinTech Review – PayPal challenger Caspero actually doesn’t challenge anybody but itself!

In the course of our FinTech Review series, we looked at the Lithauische Caspero. The company belongs to the FinTech Group of the Israelis Eyal Nachum and Tamir Zoltovski. On the website of Caspero, it is stated that the company acts as an authorized agent of International Fintech UAB licensed by the Bank of Lithuania. Also on the website, one is invited to join the millions who allegedly already use Caspero.

Former binary options payment company Bruc Bund arrives in Singapore to conquer the Asian markets

The good news: the era of fraudulent binary options is over. At least the ongoing defrauding of retail investors. At the moment, the sequel is being performed by prosecutors and regulators before the courts in jurisdictions across the world. The sad fact is that the binary options scams have been used to steal tens of billions of retail investors worldwide, according to U.S. FBI estimates. Many perpetrators, their companies and facilitators got rich especially in the years of the binary options hype between 2014 and 2017. Most of the involved payment services providers have successfully evolved into new fields and eagerly try to cut the ties with their binary options legacy. One of them is Israeli-Lithuanian Bruc Bond known as Moneta International in the binary options era.

Lithuanian fintech scene exposed – New allegations and US indictment against Allied Wallet founder Ahmad Khawaja and his Lithuanian connections

In June 2019, Allied Wallet Inc and its beneficial owner Ahmad "Andy" Khawaja settled a complaint with the U.S. Federal Trade Commission (FTC). Allied Wallet, Ahmad Khawaja, its chief operating officer, Mohammad Diab, and its former vice president of operations, Amy Rountree, agreed to settle the FTC complaint that it knowingly processed payments for businesses that were committing fraud. Khawaja apparently unfolded fintech activities in Lithuania.

KontoFX Broker Scam – EFRI requests Bank of Lithuania for compliance audit of International Fintech UAB

The team of the European Funds Recovery Initiative (EFRI) co-founded by FinTelegram, together with its lawyers, has decided that in future financial service providers involved in scams will be reported to the respective financial market supervisory authority. The fact is that fintech start-ups, in particular, are making themselves easily available as payment service providers (PSP) for scams without major hurdles.

Europol investigations – International Fintech involved in Stoxmarket broker scam

The authorities in some European countries have been investigating for months in the matter of binary options scams from KontoFX and related scams such as KayaFX and StoxMarket. FinTelegram has received confirmation that the investigations will also be coordinated via Europol. The European Funds Recovery Initiative (EFRI) co-founded by FinTelegram has also been collecting reports from victims of these scams for months. EFRI regularly sends reports to the competent authorities.

The big picture of the ‘GreyMountain-MigFin-Moneta” network

The network around binary options and illegal broker schemes around the GreyMountain Management Ltd (GMM) of the Israelis David Cartu, Jonathan Cartu, and Uri Katz was one of the largest scam networks worldwide. Together with payment partners such as Payotech Ltd (Payobin), led by Eyal Nachum and Tamir Zoltovski, Moneta International UAB and Hermes Solution Podgorica DOO, GMM's many illegal schemes have defrauded thousands of retail investors in the US, Canada and Europe of tens of millions.

Ⓒ FinTelegram News operated by Next Generation Media Group DOO (Belgrade)