Tag: LondonBit

Attention: Please Do Not Fall For The LondonBit Broker Scheme!

FCA Ben - June 22, 2023

The UK regulator Financial Conduct Authority (FCA) warned against the broker scam LondonBit on June 21, 2023. The website does not provide any information about the operators; the jurisdiction stated is the Marshall Islands. LondonBit runs on the Airsoft platform and is one of the hundreds of scam brokers using it. Currently, there are no payment options available. It could be that LondonBit is already preparing its disappearance with the victims' funds.

Exposed! The Turkish Broker Scam Network Around CGS Apps, Airsoft, And Crypto-V2!

Black Compliance Charlene Lensburg - May 19, 2023

In recent months, we have noticed an increasing number of schemes on the scam radar operated or facilitated via Turkish companies. Torsa Teknoloji Bilişim Pazarlama ve Ticaret Ltd. Şti. d/b/a CGS Apps in Istanbul operated as an illegal payment processor for broker scams like the vanished ONOTEX. CGS Apps officially sells various products and services related to Forex and CFD trading. Here is our first report on this black-rated Turkish scheme.

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