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Tag: MilleniumOne

Illegal Broker Activities

October 29, 2023

The Cautionary Tale Of A Victim Of The Scam Broker MilleniumOne!

FinTelegram has already issued several warnings against the aggressive scam broker MilleniumOne. Nevertheless, the broker keeps finding new victims. In a cautionary tale about the dangers of online investment and trading platforms, a 69-year-old retiree in Spain has tragically lost nearly €200,000 to this sophisticated trading scam. This story underscores the pressing need for potential retail investors to exercise extreme caution when considering online investment opportunities.

August 8, 2023

Attention: Scam Broker MilleniumOne With New Website

FinTelegram warned against the MilliniumOne broker scam, which chased European consumers via deceptive marketing campaigns with the promise of quick riches. For example, victims are caught for the MillenniumOne broker scam via the Elite Trader campaign. There they are asked to call the responsible account manager about the deposit. Stay far away and preserve your financial health. In today's review, we found that the scam's website vanished. They are gone with the victims' funds.

June 8, 2023

Urgent Warning Against Panda-Powered Scam Broker Zigber

FinTelegram warned against Zigber in March 2023. This week, The Spanish regulator CNMV warned against the scam broker allegedly operated by St. Vincent & The Grenadines registered Belana Group LLC. However, we did not find this offshore entity in the company register. Zigber is a white-label broker scam on the Israeli-Cypriot Panda platform. They are supposed to protect your financial health and data and stay far away.

March 15, 2023

Attention: Investor Warning Against Broker Scams MilleniumOne And Its Related Schemes!

FinTelegram warned about the MilleniumOne broker scam in December 2023, which hunts for new victims via fraudulent crypto marketing campaigns. In the meantime, both financial market regulators CNMV in Spain and BaFin in Germany have also issued a warning. Whistleblowers have told us that the same scammers are also running the Exteom and Zigber broker scams. They all are white-label scams on the PandaTS platform. Stay very far away and protect your financial health.

Illegal Broker Activities

March 15, 2023

Urgent Warning Against PandaTS White-Label Broker Scam Zigber!

We have already issued warnings against the broker scams Exteom and MilleniumOne operated via offshore entities in St. Vincent & The Grenadines as white-label broker scams on the PandaTS platform. Whistleblowers have alerted us that the same people are also running the Zigber broker scam. This is also running on the Israeli-Cypriot PandaTS platform. Stay far away and protect your money and data. Please report any information you have.

February 22, 2023

Spanish WatchDog Issues 13 Warnings Against Illegal Financial Websites!

Spanish regulator CNMV warned against 13 illegally operating financial websites on February 20, 2023. Among them are 12 broker scams from the Forex, CFD, and crypto sectors and a clone of a CNMV-registered financial services provider. The Spanish-speaking market is extremely attractive for scammers and illegally operating financial service providers, as it can also be used to access a large part of the LATAM markets.

December 29, 2022

Urgent Warning Against Broker Scam Millenium One

European consumers are continuously hounded for broker scams via deceptive marketing campaigns with the promise of quick riches. For example, victims are caught for the MilleniumOne broker scam via the Elite Trader campaign. Victims registering with Elite Trader are immediately redirected to MilleniumOne's payment page. There they are asked to call the responsible account manager about the deposit. Stay far away and preserve your financial health.

Former Lebanon Central Bank Governor Riad Salameh Charged with Financial Crimes

It was a long-expected move. The powerful former Lebanon Central Bank Governor Riad Salameh has been arrested and charged with embezzling $42 million in public funds, part of a broader $110 million fraud case. His detention comes amid ongoing domestic and international investigations into financial misconduct during his controversial three-decade tenure. In 2022, the European Union Agency for Criminal Justice Cooperation (Eurojust) froze assets worth €120 million tied to Salame.

Prosecuted Telegram CEO Durov Challenges Personal Liability for Platform Misuse!

The prosecuted Telegram CEO Pavel Durov argues that holding CEOs personally liable for platform misuse is an outdated practice that threatens innovation. Following his Paris arrest, Durov emphasized that platforms like Telegram must adapt to rapid growth, but outdated liability standards should not stifle progress. His case highlights the ongoing debate about balancing innovation, privacy, and regulation in the tech world.

U.S. Regulator CFTC Lost Court Case Against Kalshi Legal Battle Over Election Bets!

KalshiEx is a U.S.-based prediction market platform that sought to offer trading in derivatives contracts based on the outcomes of Congressional elections, which the CFTC prohibited. KalshiEx challenged the regulator's decision in court and won, opening the door for election-based derivatives markets in the U.S. However, the CFTC is seeking a temporary stay.

Germany: Accomplices in Fraudulent Cyber Trading Platforms Charged by Karlsruhe Prosecutor!

The Baden-Württemberg Cybercrime Center in Germany has announced that it charged three suspects linked to an international fraud scheme that cost over 820 victims more than €5 million. The case marks a significant step in combating organized cyber trading fraud but underscores the growing complexity of such operations that often rely on an international division of labor.

Influencers

Influencers and Financial Crimes: A Short Guideline and a Request for Whistleblower Information!

Recently, the influencer industry has come under increased scrutiny from regulatory bodies worldwide. The case of Turkish influencers Dilan Polat and Engin Polat, facing $30 million money laundering charges and allegations of operating an illegal betting ring, perfectly demonstrates the potential legal risks in this sector. This high-profile case has prompted authorities to investigate hundreds of other influencers for potential financial crimes.