Tag: Mayfair Exchange

Chasing Scam Facilitators – The Vienna Cybercrime Trials, SpotOption, and PandaTS

Court Cases tamir - April 22, 2021

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.

Investor warning against Mayfair Exchange broker scam powered by PandaTS and BridgerPay

FCA Ben - March 12, 2021

UK FCA issued an investor warning against the scam broker Mayfair Exchange (www.mayfair.exchange), allegedly operated by Central Finance Outsource Limited, registered in the Commonwealth of Dominica. As payment processors, we have once again discovered BridgerPay, through whose cashier credit and debit card payments are processed. The scam is apparently a white-label implementation of PandaTS.

FinTelegram is a cyberfinance intelligence and compliance platform investigating financial crime, regulatory violations, and the rails, entities, and ecosystems that facilitate them. Combining investigative journalism, whistleblower intelligence, and forensic compliance analysis, we map risk across payments, banking, crypto, and offshore structures to support transparency, accountability, and informed action.

Disclaimer: FinTelegram is an independent intelligence and compliance platform and does not provide investment, legal, or financial advice. Content published on this website, including references and links to third-party sources, is provided for informational, contextual, and educational purposes only and does not constitute a recommendation, endorsement, or solicitation. Readers must make their own independent assessment and obtain professional advice where appropriate. Past events and referenced materials are not a track record and should not be relied upon as an indicator of future results.