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December 12, 2022

Investor Warning Against CapitalBiz Broker Scam!

The Italian regulator Consob ordered the black-out of the website of the broker scam Capitalbiz on December 12, 2022. This scam is allegedly operated by Evolve Consulting LLC in St. Vincent & The Grenadines. Potential victims can lose their money via credit and debit cards and crypto deposits. As a payment processor, we have once again discovered iPassPay. Stay very far away and keep your financial health.

November 21, 2022

Stay Alert! Do Not Fall For The PNL Advanced Broker Scam Facilitated By iPassPay!

The Austrian Financial Market Authority (FMA) has warned against the PNL Advanced broker scam. The website does not provide any information about the operators of this white-label broker scam or the competent jurisdiction. As a payment processor for credit and debit card deposits for this white-label scam, we have once again discovered iPass Pay. We strongly advise you to stay far away from PNL Advanced and save yourself from losing your money and misusing your data.

October 21, 2022

Urgent Warning Against spotyfx Broker Scam!

Currently, there are (as almost always) many crypto scam campaigns running again that recruit clients for broker scams via the promise of quick and easy riches. Anyone who registers with these campaigns like Bit AI is immediately redirected to the payment page of the broker scams. One of them is spotyfx, which is operated through NVS LLC, registered in St. Vincent & The Grenadines. Stay very far away and protect your financial health.

May 20, 2022

Investor Warning against EJMarkets Broker Scam

EJMarkets is not modest. The website claims that over 480,000 traders use the broker platform, which would be "multi-regulated" in several jurisdictions. This is all bullshit. The German regulator BaFin announced an investigation into the scam. The content on the EJMarkets website and information and documents available to BaFin justify the assumption that WP HOLDING UND MANAGEMENT LTD is unauthorizedly conducting banking business or providing financial services in Germany, the regulator says.

September 28, 2021

Marketing Alert! BITCOIN FAST PROFIT fraud campaign promotes LPLFinances scam

This morning, probably tens of thousands of German-speaking consumers received an email reporting that the famous German singer Lena has discovered a secret recipe for getting rich. Auto trading for Bitcoins. Of course! This fake news report is published on the website https://imortalizegrids.com. The links in this fake article lead us to the BITCOIN FAST PROFIT fraud campaign. Anyone who registers there today is automatically created as a victim at the LPLFinances crypto broker scam and taken to its payment page.

September 9, 2021

Attention! The ProfitMarket broker scam facilitated by Jubiter et al

A incoming email refers to the already well-known fake article in The Financial Magazine about a student who became a millionaire. With his system, anyone could earn more than €10,000 within 21 days. The link in the article leads to the notorious Bitcoin System fraud campaign on Safe Offers. There are we promised $13,000 earnings within 24 hours. After registering, we land on the payment page of the broker scam ProfitMarket (www.profitmarket.net) and find there on the facilitating crypto payment processor Jubiter and other acquaintances.

Jeton Group Analysis: Facilitating Online Casinos Beyond Compliance!

FCA-regulated Jeton Group, a high-risk payment processor, has been deeply involved in facilitating transactions for illegal online casinos, including those operated by the Starscream Group. Jetonbank, a digital offshore bank regulated by the FSU in Dominica, has furthered these operations by enabling fiat deposits for players in unlicensed jurisdictions. This report calls for insiders to provide critical whistleblower information.

FinTelegram

Operation Niflheim: Brazilian Law Enforcement Targets $9.7 Billion Crypto Money Laundering Scheme!

Brazilian Federal Police have dismantled a major crypto-based money laundering operation, dubbed Operation Niflheim, targeting groups involved in laundering over $9 billion since 2021. The operation led to the issuance of eight arrest warrants and 19 search and seizure orders. The scheme used cryptocurrencies to funnel illicit funds from activities like drug trafficking abroad.

eToro Settles with SEC, Restricts Crypto Trading

Under its chair, Gary Gensler, the SEC is taking massive action against crypto companies in the U.S. The regulator believes that most coins and tokens qualify as securities, and therefore, the issuers and exchanges need appropriate registration. The U.S. subsidiary of the Israeli eToro broker scheme has also been sued for this reason. eToro settled with the SEC with a $1.5 million payment.

Crypto Crime Case FTX: Caroline Ellison Seeks No Jail Time for Role in FTX Fraud

Caroline Ellison, a former top executive in the collapsed crypto exchange FTX and former girlfriend of FTX CEO Sam Bankman-Fried, is seeking no prison time at her sentencing later this month. The lawyers cited her immediate and extensive cooperation with U.S. authorities when FTX collapsed in November 2022 and noted that the court's Probation Department recommended that she serve no prison time.

TD Bank Fined $28 Million for Illegal Credit Reporting Practices!

The U.S. CFPB ordered TD Bank to pay $7.76 million to tens of thousands of victims of the bank’s illegal actions. For years, the bank has repeatedly shared inaccurate, negative information about its customers with consumer reporting companies. The information included systemic errors about credit card delinquencies and bankruptcies. In addition to the redress, the CFPB is ordering TD Bank to pay a $20 million civil money penalty.