KEY TO MARKETS | FinTelegram News

Tag: KEY TO MARKETS

November 16, 2023

Orange Compliance Rating Maintained After New Review of Elite CurrenSea!

In April 2023, FinTelegram published a first review of the Elite CurrenSea (ECS) scheme, which acts as a portfolio manager offering management of client funds on a profit-sharing basis. Additionally, they are introducing brokers for regulated and unregulated offshore brokers. The operator is SonderSpot OÜ, registered in Estonia. We have maintained our Orange Compliance rating.

January 29, 2023

Key To Markets: Offshore Broker Lost

KEY TO MARKETS is an offshore broker in Mauritius regulated by the FSC Mauritius. In the UK, the broker is registered with the FCA as an exempt CAD, not allowed to carry on any investment services and activities to which MiFID applies. Like many regulated brokers with offshore mutations, most clients are onboarded offshore, which creates problems. Lastly, we have noticed that Cyprus-based Payabl processes a significant part of KEY TO MARKETS' payments. Here is our update.

Offshore Broker

September 2, 2022

Be Cautious With The Italian Offshore Broker ‘KEY TO MARKETS’

KEY TO MARKETS is an offshore broker in Mauritius regulated by the FSC Mauritius. In the UK, the broker is registered with the FCA as an exempt CAD. They are allowed only the reception and transmission of orders specific financial instruments. We have received complaints from clients reporting that the UK Ombudsman refuses to look into their claims because the regulatory regime in the UK would not be responsible for KEY TO MARKETS clients.

US Treasury Forgives Ukraine Looters!

On 26 September 2024, the United States Treasury’s Financial Crimes Enforcement Network ‘FinCEN’ made the astonishing decision to drop sanctions against ABLV Bank of Latvia. ABLV was sanctioned in 2018 for a list of reasons, including helping Ukrainian President Viktor Yanukovich’s bagman, Serhiy Kurchenko, steal billions of dollars from Ukraine.

Gurbir Grewal’s Departure from the SEC: His New Position and Potential Impact on Crypto Regulation!

Gurbir S. Grewal, the former Director of the Division of Enforcement at the U.S. Securities and Exchange Commission (SEC), has left his position to join Milbank LLP, one of the most innovative and prestigious law firms globally. This transition from his high-profile regulatory role to private practice is likely to have lasting implications, particularly on the SEC’s enforcement strategy in the crypto sector.

Warning Against The Imminent Danger of Pig Butchering For The Dawning Cyber Society!

Pig butchering scams are a devastating form of cybercrime that blend romance and investment fraud, leaving victims emotionally and financially shattered. These sophisticated operations, run by organized crime syndicates, often exploit human trafficking victims as unwilling scammers. The perpetrators meticulously cultivate trust over months, luring targets into fraudulent cryptocurrency investments through fake platforms.

MLM Schemes

Latest Arrests in $4 Billion Forex AI Fraud Scheme OmegaPro and the Austrian Connection!

FinTelegram has reported on the fraudulent crypto MLM schemes OMNIA Tech and OmegaPro several times in the past. This week, various media outlets have reported the arrest of Robert Velghe in Turkey, who has played a crucial role in both scams. The OmegaPro MLM scam is believed to have stolen around $4 billion from victims worldwide. Here is our update with a request for additional information from whistleblowers.

Crypto MLM Scam: David Carmona Sentenced to 121 Months for IcomTech Crypto Ponzi Scheme!

iComTech was one of the numerous fraudulent MLM schemes that used cryptocurrencies as a means of fraud in parallel with the crypto hype of 2017/18. David Carmora started IcomTech in approximately 2018 with other co-conspirators as a purported cryptocurrency mining and trading company. The scheme promised to earn its victims high profits and guaranteed daily returns that would double their money within six months.