Leverate Financial Services | FinTelegram News

Tag: Leverate Financial Services

October 28, 2020

Investor Warning – Scam crypto brokers MarketsPilot and CMarkets Group

In the last weeks, we have received hints from customers that crypto trading platforms MarketsPilot and CMarkets Group may be scams. Our checks confirmed this assumption. Both crypto scams are operated by Click World Ltd in the Commonwealth of Dominica is in our opinion a scam. The involvement of Praxis Cashier as payment processors also underlines this. Red Flags everywhere!

October 25, 2020

BaFin issues cease-and-desist orders against MorganTrust and 10CryptoMarket scams

The German regulator BaFin has issued two cease-and-desist orders against two well-known scam operators - GreenRiver OÜ, the Estonian operator of the broker scams MorganTrust (www.morgantrust.eu), and the 10CryptoMarket (www.10cryptomarket.com) scam of the Joshua Group. The latter is a Ukrainian operated scam on the notorious PumaTS (Leverate) whitelabel provider against which several other regulators have already issued investor warnings.

October 10, 2020

Investor Attention – Cyprus Leverate enters into a sponsorship with German Hertha BSC

It's no secret that the CySEC-regulated forex retail industry loves football and is promoting its brands and acquiring customers by sponsoring well-known European football clubs. This was the case in the age of the largely fraudulent binary options industry when Banc de Binary sponsored English FC Liverpool. Currently, EverFX sponsors Spanish top club FC Sevilla and now Leverate is sponsoring German Hertha BSC to create awareness for its brand FXPN.

August 21, 2020

FMA warns against Leverate connected CapitalFX broker scam – perpetrators exposed!

The Austrian regulator FMA has issued an investor warning against the scam broker CapitalFX (www.capitalfx.co). This is operated by Aegion Group Ltd on St. Vincent and the Grenadines. The scam is part of the Leverate and PumaTS network and connected to their Activ8 trading servers. It's another scam without any real special features. The payment processor is Paycent. We have exposed the scammers.

August 19, 2020

PumaTS – Whitelabel scam broker platform back online and first scam profiles

The FinTelegram Research Team supported by whistleblowers, has been investigating the PumaTS Scam Broker Network. Shortly after the first report, the PumaTS website went offline. Recently it has been available again. The close connection to CySEC-regulated Leverate Financial Services and its products is still visible. Our R4I to Leverate on the nature of the partnership has remained unanswered so far but nevertheless we have done the profiling of the first scams.

August 19, 2020

Scam broker RoyalsFX, LincolnFX, and CapitalFunds are part of the Joshua Group

In the last weeks, we have invested considerable time and resources in the Scams RoyalsFX and LincolnFX. These scams were customers of the CySEC-regulated Maxigrid Ltd of Roy Almagor and Jekaterina Pedosa and have processed payments of client-victims via crypto and FIAT. Substantial sums of the customer victims were processed via the now-closed crypto platform BitandBuy (www.bitandbuy.com and https://crypto.maxigrid.com). The platform disappeared without further comment during the probe in Maxigrid. These scams and many more are part of the scam network of the Joshua Group.

July 26, 2020

Austrian regulator FMA warns against Joshua Group and its 10CryptoMarket scam

On 25 July 2020, the Austrian Financial Market Authority FMA issued an investor warning against Joshua Development Ltd and its new broker scam 10CryptoMarket (www.10cryptomarket.com). In the past years, the Joshua Group has operated a number of scams via various dummy companies such as Joshua Consulting Ltd, Joshua Partners EOOD, or Joshua Development Ltd. Financial market supervisory authorities have issued corresponding investor warnings against the Joshua Group.

July 24, 2020

FCA warns against PumaTS white-label broker scam Blackstone500

It's about time for law enforcement agencies in various EU jurisdictions to take action. In any case, the Leverate Financial Services Ltd which is regulated in Cyprus by CySEC can be used approached to identify the beneficial owners and individuals behind PumaTS. The latter is a white label broker platform provider as well as a partner and client of Leverate and operates a vast scam broker network.

July 21, 2020

UK FCA warns against RoyalGTX with connections to Estonian payment processors and PumaTS

The UK Financial Conduct Authority (FCA) has issued a public investor warning against the broker Scam RoyalGTX. This Broker Scam has indeed interesting connections to Estonian payment processors and is to be positioned via Juno Group Ltd in the environment of the Scam Broker Network of PumaTS. The RoyalGTX scam is facilitated by the payment processors iPayTotal and NeoBanQ. And there are other interesting connections.

June 22, 2020

Request 4 Information: Puma TS and its Scam Broker Network

We have received extensive information about the Bulgarian Puma Trading Solutions (aka PumaTS). Like Maor Lahav's Israeli PandaTS, its competitor PumaTS offers a turn-key solution to operators of online brokerage platforms. This includes the provision and setup of the trading software as well as the integration of payment processors and boiler rooms.