Tag: Jubiter

OnspotBNK is an offshore broker and a scam. OnspotBNK Limited, allegedly regulated by the Vanuatu Financial Services Commission (VFSC) with license number 40133/17, would be the operator. However, we have found neither the license number nor the company in the register of the VFSC. Instead, we found that the DubaiFXM and DBFX brokers are connected. The same perpetrators are behind these schemes and many more. We found Jubiter, a/k/a CoindDeck, as the facilitating payment processor. Stay very far away and protect your money.

TODAY, the UK Financial Conduct Authority (FCA) has issued a warning against Zivyard (www.zivyard.com) broker. The operator of the scam is allegedly based in the Marshall Islands. Further details about the legal entity or the responsible persons are not given. However, the facilitating payment processors BridgerPay, and the Slovakian Global DLT Exchange d/b/a CoinDeck and Jubiter surely know the scammers. We already know this payment duo from numerous other scams.

We warned again about the vanished GS4Trade broker scam several times. The website has since disappeared with the money of numerous victims. In principle but the boiler rooms are still active. The GS4Trade scam has left a wide trail of blood in Europe. Authorities are searching for those behind it. A boiler room agent with the stage name Robin Leo Nicholas is still contacting victims asking them for money for the next scam. Please do not fall for these boiler room perpetrators.

The website vanished into the dark of the web along with the victim's money. We have warned against the GS4Trade scam several times. In July 2021, the German BaFin announced that it would investigate the GS4Trade (www.gs4trade.com and www.gs-4trade.com) broker scam. In September 2021, the UK FCA issued an investor warning. GS4trade Invest Limited, registered in the Marshall Islands, allegedly operates the broker, attacking consumers in English and German. As facilitating payment processors, we uncovered BridgerPay, Jubiter, and CoinDeck.

On Trustpilot, FXCT Investments looks excellent with a 4.4-star rating out of more than 480 reviews. This creates confidence for potential and existing customers. If Trustpilot didn't exist, the scammers would invent it. Unfortunately, this review and rating site is one of the essential tools to deceive consumers. Most of the 5-star reviews are written by boiler room agents or new clients who still see initial (fake) profits in their dashboard. These are fake reviews. This is also the case with FXCT Investments.

FinTelegram writes mostly negatively about companies and persons, which is owned to the fact that we are committed to protecting investors and consumers. Thus, we warn against scams and their facilitators. Most recently, the crypto payment processor Global DLT Exchange S.R.O. was in the focus of our reports. We spoke with Jubiter and CoinDeck CEO Richard Brockhume about it to better understand scam-related issues for crypto payment processors.

In July 2021, the German BaFin had warned against GS4Trade (www.gs-4trade.com) and announced the launch of an investigation. In September 2021, the UK FCA issued another investor warning against the broker scam running as a white-label mutation on the SIRIX platform of Israeli Leverate. GS4trade Invest Limited, registered in the Marshall Islands, allegedly operates the broker, attacking consumers in English and German. As facilitating payment processors, we again found BridgerPay, Jubiter, and CoinDeck.

Over the last few weeks, we have increasingly discovered and reported Jubiter as a scam-facilitating payment processor. A victim of Swiss Capital Bank (www.swisscbank.com) has reported that she also made deposits via Jubiter operated by the licensed Slovakian Global DLT Exchange; lost her money. In addition to Jubiter, victims can also make bank deposits to the Dutch Select Enterprises B.V., which has its respective bank account with the regulated Lithuanian e-money institution Trustcom Financial UAB.

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.

CNMV has issued an investor warning against GoldBachInvest (www.goldbachinvest.com). The operator of the scam is allegedly Gold Bach Invest Limited, registered in the Marshall Islands. Our educated guess would be that the same scammers and boiler rooms operate GoldBachInvest as the GS4Trade scam (report here). Both operate on Leverate's SIRIX platform. As a supporting payment processor, we again found Israeli-Cypriot VISA network partner BridgerPay; and Slovakian crypto payment processor Coindeck.

On 2 August 2021, the Spanish regulator CNMV has issued an investor warning against the Blumanstock broker scam (www.blumanstock.com). The Austrian FMA and German BaFin did so in May and June 2021, respectively. The Marshall Islands-registered Blumanstock Limited is allegedly the operator of the scam. As the facilitating payment processors, we found the Israeli-Cypriot BridgerPay of Ran Cohen and the Slovak Global DLT Exchange S.R.O d/b/a Jubit

The 1k Daily Profit campaign is run through a vast network of affiliate sites and massively promoted on Google in social media. For example, the campaign is currently also running on the page Investment Generator. From there, one is redirected today to the broker Scam EU Finance (www.eufinance.eu), among others, after registration. As scam-facilitating payment processors, finanic, Venus Exchange, Bitexchain, and Jubiter are connected via the BoxiPay Cashier.