Tag: Maor Lahav

A few weeks ago, we received whistleblower information that StocksTech Limited (prev. Straightpoint Trading Limited, registered in Cyprus, is the operator of the Bulgarian white-label broker platform provider StocksTech. Currently, it offers an online trading solution, including CRM, to brokers. The Stockstech co-founder and mastermind is the Bulgarian forex veteran Stefan Sotirov. The scheme's LinkedIn page lists an address in Sofia, Bulgaria. According to the latest information on the StocksTech website and LinkedIn, they applied for a full CySEC license.

The ongoing crypto hype causes many scammers to look for new greedy victims via fraudulent marketing campaigns like YuanPay. Today, the website VIP Offer (https://vipoffer.net) is running this YuanPay campaign hunting victims for the DAXIRON (www.daxiron.com) broker scam allegedly operated by Synnfrey Sol Ltd on Commonwealth of Dominica. After registering with YuanPay, one was redirected to DAXIRON's payment page, where one can make deposits with credit and debit cards via ShinePays cashier.

The following video from 2015 shows a number of binary options and forex scams that operated as a white label solution of PandaTS and praises the company of Maor Lahav and Shmuel Gutman. Among them 10Markets, 99Binary, AlphaTrade, or CTOptions. PandaTS has been in the industry for many years and therefore the data seized by German law enforcement agents is probably a goldmine for their forensic team. Convicted Israeli cybercrime activist Gal Barak was also a customer with his scam brands XTraderFX and SafeMarkets.

We recently received a complaint from PandaTS because we reported on the scam clients of the Israeli FinTech of Maor Lahav and Shmuel Gutman. The General Legal Counsel threatens FinTelegram with legal action if we would not stop with the reports. However, the fact is that many large scams operate as a white label solution on their platform. This includes SafeMarkets or XTraderFX by Gal Barak. Currently, the InvestXE scam platform is also running on PandaTS. On September 15, the FMA in New Zealand issued a warning against InvestXE.

PandaTS is currently facing some hassles with law enforcement agencies from several jurisdictions. Among them, the Israeli ones. Agents from the Israeli police and their counterparts from other jurisdictions reportedly raided PandaTS' offices in Israel almost two weeks ago. And seized a lot of data. It is well known that the PandaTS platform is used by many scammers, such as the already convicted cybercrime principal Gal Barak. He has also accused PandaTS of manipulating trades for white-label platform clients. In his trial, Barak moved the Austrian court to order a search of his home in Israel and Cyprus.

We have discovered a new scam campaign with Bitcoin buyer (btbuyerdunet.com) that is currently advertised on Google. Why is Google allowing this to happen? That's another good question we answer below. Anyone who registers with Bitcoin buyer is also automatically registered with the Daxiron broker scam (www.daxiron.com) and becomes a potential victim; you are redirected to the scam's payment page. There you can lose your money via Pay Credits by credit and debit card. Daxiron is a white-label solution on the PandaTS platform.

In recent weeks, dozens of fraudulent marketing campaigns have been made around Bitcoins. We will only mention Bitcoin Prime, Bitcoin Profit, Bitcoin Champion, or Bitcoin Circuit. These fraudulent campaigns had the sole purpose of catching victims for scams and illegally operating regulated CySEC brokers. One of the companies through which these fraudulent campaigns are organized and run is Tigloo (www.tigloo.io) in Ramat Gan, Tel Aviv, Israel. For example, today, the Bitcoin Prime campaign is running through the Kalitenet platform made by Tigloo.

Israeli Gal Barak was sentenced in September 2020 to four years in prison and millions in restitution payments for investment fraud and money laundering in the Vienna Cybercrime Trials. Barak also faces charges in Germany. He was the head of the cybercrime organization E&G Bulgaria, which operated broker scams such as XtraderFX, SafeMarkets, Golden Markets, or OptionStarsGlobal. Payvision was its main payment facilitator, and PandaTS, the white label provider, which Barak charges with similar arguments as the U.S. SEC does in its SpotOption fraud complaint.

Today we have received another email from the broker scam Brokerz which has been active for a very long time. Currently, it runs under the domain www.brokerz.co, until recently it used www.brokerz.com. The first warning against Brokerz, allegedly operated by the Bulgarian All Media EOOD was published by FinTelegram back in January 2019.

The broker scam Tradixa currently operates with the domain www.tradixa.net. The legal entitiwa behind the scam allegedly used to be Tradixa Ltd, St. Vincent & the Grenadines, and All Media EOOD, Bulgaria. In December 2020, the Italian Consob ordered the scam's website's blackout; several other European regulators have issued investor warnings. The scam is still active and facilitated by Epay as its payment processor.

Gal Barak, the alleged Israeli principal of the cybercrime organization E&G Bulgaria had to stand trial again today in court in Vienna today. He is accused of operating several broker scams for investment fraud and money laundering. He can not understand this at all, he told the court today. Thousands of other such scams are online and nobody else but him is accused he complained. Barak made a rather bizarre confession and finally, the written testimony of a former retention manager was read. Unfortunately, this witness died mysteriously shortly after his testimony.

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.