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Tag: META

FinTech Crisis

May 27, 2022

Bolt Financial Switches Into Crisis Mode And Fires 250 Employees!

Earlier this week, Swedish FinTech unicorn Klarna announced an austerity program and the layoff of 10% of its workforce. San Francisco-based Bolt Financial had to follow this path and lay off around a third of its workforce, or around 250 employees, to reach profitability with the money available. The Bolt layoffs came just months after investors valued FinTech at $11 billion. PayPal and other FinTechs also announced layoffs and hiring freezes. Evidently, the FinTech sector switches into crisis mode.

March 18, 2022

It’s about time! Australien consumer watchdog sues Meta over fake Facebook ads!

The Australian consumer watchdoch sues Facebook's parent company, Meta, over targeted fake crypto ads that have scammed Australians out of more than $100 million. The ACCC alleges the company engaged in false, misleading, and deceptive conduct by publishing scam advertisements featuring prominent Australians. The ACCC says that, in one instance, a victim lost $650,000 to a scam. Fake ads on Google and Facebook are the most efficient way for scammers to chase victims.

Crypto Schemes

February 9, 2022

Urgent Warning! The fraudulent Meta Token ICO still attacks with a new domain!

The Philippine scammers behind the Meta token fake ICO are changing their domains frequently. The fraudulent Meta Token ICO presents itself with the logo and other credentials of Mark Zuckerberg's Meta Platforms, Inc. Numerous victims contacted us. The scammers changed their domain from https://metav3token.com to https://meta-launch.international.The fraudsters plan to sell up to 15 million META Tokens in a pre-sale offering. Stay far away; this is a scam planning to victimize you and rip you off; it has nothing to do with Zuckerberg or Meta Platforms.

January 16, 2022

Please BaFin! You have to order Google to immediately stop publishing scam ads!

Google, like Meta, has been massively criticized for making a lot of money from advertising scammers. The UK FCA issued 1,200 warnings in 2020 about scams made by fake companies on Google and social media platforms. Consequently, in August 2021, Google UK & Ireland re-regulated the advertising of financial offers, allowing only FCA-regulated firms to advertise financial services, including crypto ads. On the other hand, on Google DE, fraud scheme operators can still buy ads without any restrictions.

Cybercrime

January 9, 2022

Respect! Starling Bank boss Anne Boden boycotts Facebook and Instagram!

Mark Zuckerberg's company, now renamed Meta, is the operator of the two most prominent social media platforms, Facebook and Instagram. Allegedly, the renaming was also done because of Facebook's bad reputation. It is well-known that Facebook is a fake news platform and happily promotes scams. Facebook puts itself at the service of cybercriminals if they pay! It's all about money. Recently, scammers promoted the fraudulent Meta Token ICO via Facebook ads. Now the Starling Bank boss Anne Boden boycotts the meta prostitution. Respect!

Crypto Schemes

January 4, 2022

Urgent Warning! Stay away from the fraudulent META Token ICO

Meta Platforms, Inc. is the new name of Mark Zuckerberg's company that operates the world's largest social media platforms, Facebook and Instagram, as well as the messenger service WhatsApp. Currently, the META Token is being sold via the Meta ICO website with the logo of Zuckerberg's company and a picture of Mark Zuckerberg, labeled as the founder. A total of 15 million META tokens are expected to be sold in the pre-sale. Stay far away; this is a scam and has nothing to do with Zuckerberg.

US Treasury Forgives Ukraine Looters!

On 26 September 2024, the United States Treasury’s Financial Crimes Enforcement Network ‘FinCEN’ made the astonishing decision to drop sanctions against ABLV Bank of Latvia. ABLV was sanctioned in 2018 for a list of reasons, including helping Ukrainian President Viktor Yanukovich’s bagman, Serhiy Kurchenko, steal billions of dollars from Ukraine.

Gurbir Grewal’s Departure from the SEC: His New Position and Potential Impact on Crypto Regulation!

Gurbir S. Grewal, the former Director of the Division of Enforcement at the U.S. Securities and Exchange Commission (SEC), has left his position to join Milbank LLP, one of the most innovative and prestigious law firms globally. This transition from his high-profile regulatory role to private practice is likely to have lasting implications, particularly on the SEC’s enforcement strategy in the crypto sector.

Warning Against The Imminent Danger of Pig Butchering For The Dawning Cyber Society!

Pig butchering scams are a devastating form of cybercrime that blend romance and investment fraud, leaving victims emotionally and financially shattered. These sophisticated operations, run by organized crime syndicates, often exploit human trafficking victims as unwilling scammers. The perpetrators meticulously cultivate trust over months, luring targets into fraudulent cryptocurrency investments through fake platforms.

MLM Schemes

Latest Arrests in $4 Billion Forex AI Fraud Scheme OmegaPro and the Austrian Connection!

FinTelegram has reported on the fraudulent crypto MLM schemes OMNIA Tech and OmegaPro several times in the past. This week, various media outlets have reported the arrest of Robert Velghe in Turkey, who has played a crucial role in both scams. The OmegaPro MLM scam is believed to have stolen around $4 billion from victims worldwide. Here is our update with a request for additional information from whistleblowers.

Crypto MLM Scam: David Carmona Sentenced to 121 Months for IcomTech Crypto Ponzi Scheme!

iComTech was one of the numerous fraudulent MLM schemes that used cryptocurrencies as a means of fraud in parallel with the crypto hype of 2017/18. David Carmora started IcomTech in approximately 2018 with other co-conspirators as a purported cryptocurrency mining and trading company. The scheme promised to earn its victims high profits and guaranteed daily returns that would double their money within six months.