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Tag: Kleinman Group

Investor Alert – Estonian TheCapitalStocks scam still active attacking EU consumers

Cybercrime Ben -
In September 2020, the German regulator BaFin issued a cease and desist order against the broker scams TheCapitalStocks (www.thecapitalstocks.com) and RoyaltyFinance (www.royaltyfinance.io), operated by Estonian Kleinman Group via its company in St. Vincent & the Grenadines. Already in August 2020, the Italian CONSOB warned against these scams. Recently FinTelegram published a report on the Estonian Kleinman Group (read here). Unfortunately, the TheCapitalStocks scam is still online.

Illegal Payment Processors FermenTec Trade and Wascom Group exposed

Cybercrime Ben -
Scams would not even be possible without the intentional or grossly negligent involvement of payment processors. In this respect, the prosecution and detection of crime-facilitating payment processors is a key focus in the fight against scams. Thanks to the cooperation of scam victims and whistleblowers, we have already been able to uncover numerous licensed and unlicensed payment processors. With the Serbian FermenTec Trade DOO and the Hungarian Wascom Group KFT, we have again caught two illegal payment processors.

The Estonian Kleinman Group and its broker scams

Cybercrime Charlene Lensburg -
A few weeks ago, we reported on the BaFin warning against the scam broker TheCapitalStocks (www.thecapitalsrocks.com). This was operated through the Estonian Kleinman Services OÜ and its parent company Kleinman Enterprise Ltd, St. Vincent and the Grenadines. The sole director of Kleinman Services in Estonia is Swede Luis Christofer Lundberg, born in September 1990, so he is responsible for its scams TheCapitalStocks, WiseFunds, CreditWise, or RoyaltyFinance.

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