Tag: KeyPay Global

Request 4 information Group 500 and Genesis11 broker scamsR
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August 9, 2021

R4I – Group 500 & Genesis11 broker scams and their network

We recently reported that the UK FCA issued an investor warning against the Group 500 scam broker. We have subsequently been contacted by victims of the scam who have provided us with additional information. Around 30 victims who have lost around GPB 1M and their lawyers are pursuing the Group 500 network. The victims have discovered that apparently Genesis11, as well as S J Global Investments Worldwide Limited, Pearlwealth Limited, and other companies, are also part of the scam network. We would like to know more.
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Avachoice broker scam facilitated by BticoinUp fraud campaignA
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June 24, 2021

Avachoice broker scam facilitated by BitcoinUp fraud campaign and Estonian WE4BTC

We receive several dozen spam emails promising us money, wealth, and success on an average day. At the same time, scammers and their facilitators attack in different countries and language areas with different campaigns and domains. For example, in the UK today, BitcoinUp has been promoting the broker scam Avachoice (www.avachoice.com) through UflySmart. As scam-facilitating payment processors, we discovered Estonian KeyPay Global OÜ d/b/a WE4BTC as well as Viva Wallet with German Primic GmbH.
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Flagged Estonian crypto payment processorsN
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April 23, 2021

New – List of scam-facilitating Estonian crypto payment processors

Digital currencies are the future in one way or another. For a few months now, online payment pioneer PayPal has also been accepting bitcoins and other cryptocurrencies. Estonia is currently the epicenter of European crypto payment processors. As of mid-2020, the Estonian FIU had issued more than 3,000 licenses (report here). Unfortunately, many of them are used to facilitate scams and illegal payment services. We have drafted a list of Estonian crypto payment companies that have come to our attention in scams.
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FCA warns against PrimeQX broker scamF
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April 21, 2021

FCA warning against PrimeQX broker scam operating with CySEC clone site

The UK Financial Conduct Authority (FCA) has issued an investor warning against the broker scam PrimeQX. The scam is operated by PRIME BUSINESS FINANCE LTD and MAGNETITS CAPITAL LTD. The scam claims to be regulated by CySEC with license number 129/22. The scammers operate the fake CySEC site www.cysecgov.com where PrimeQX is falsely presented as a CySEC-approved domain. As the scams payment facilitators, we have discovered iPayTotal, Itez, WE4BTC, and PaymentsPro.
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Investor warning GlobalCFD aka GlobalFXCFDT
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April 8, 2021

The GlobalCFD broker scam and its payment processors

The Italian regulator Consob ordered the blackout of the then GlobalCFD broker scam website in Feb 2021 www.globalcfd.co. A few days ago, the regulator also blocked the scam's new domain www.globalfxcfd.com. The scam is allegedly operated by GlobalCFD Ltd and D&D Venture Project Ltd via the Marshall Islands. As payment processors, we have once again found a few of the usual suspects. Among them the iPayTotal and the crypto payment processors Itez and WE4BTC.
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