The two Israeli Chaim Elazar Bornstein and Mordechay Litke are the perpetrators behind some of the biggest binary options scams over the last couple of years such as KayaFX, StoxMarket, or Broker Yard. Typically, they acted via trustee companies. The Seychelle citizens Genevieve Magnan or Vanessa Payet acted as directors of Marketier Holdings Ltd or Profitier Ltd respectively.
Posts tagged as “KayaFX”
Scams are just hard to destroy. The individual scam brands disappear but the villains behind them disappear and their boiler rooms remain. And operate new…
We would like to thank our whistleblowers and EFRI members for the information regarding WDC Markets. EFRI, along with many victims, is following the KayaFX trail to discover the stolen funds and bring the perpetrators and their accomplices and facilitators to justice. The WDC Markets Scheme has been identified by EFRI members as one of the KayaFX successors schemes.
Felix Holtermann and Christian Schnell of the German Handelsblatt reported on the money-laundering report filed against Wirecard by the European Funds Recovery Initiative (EFRI). In a detailed article titled "The past catches up with Wirecard" the background of the global scam industry and the respective involvement of payment processors is explained.
FinTelegram has received information that lawyers in Tel Aviv, Israel, and Belgrade, Serbia, on behalf of EU victims of various scams such as Option888, KayaFX,…
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…
Finance Magnates today published an article on the problems of Forex retail brokers with banks and payment service providers. They are freezing bank accounts and…
FinTelegram and EFRI launched the EFRI campaign in April 2019 to recover money for defrauded investors of the broker scam KayaFX. Since then we have…
EFRI Update: New connections between Tradorax, KayaFX and KontoFX and another Marshall Islands scam can be learned tomorrow on FinTelegram News. Stay tuned.