Tag: PandaTS

The Bamberg case against former AirSoft CEO Shay Benhamou could redefine the liability of white-label software providers in cyber-enabled investment fraud. FinTelegram examines where neutral technology ends and criminal participation begins.

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.

FinTelegram issued a warning against the Exteom broker scam in January 2023. This scam, allegedly operated by the offshore entity Wirrerium LLC was promoted via fraudulent crypto campaigns like Bitcoin Millionaire Pro or Bitcoin Bank promoted this scam. Exteom was implemented as a PandaTS white-label solution. The Austrian FMA followed FinTelegram and issued a warning against the broker scam. The website is currently no longer accessible. Stay Far Away;

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.

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.

In October 2022, FinTelegram warned against the broker scam SwizzPRO, allegedly operated by Reverra LLC in St. Vincent & The Grenadines. In January 2023, the German regulator BaFin also warned against SwizzPRO. This week, the Spanish CNMV also warned against the scam broker, which is implemented as a white-label solution by the Israeli-Cypriot PandaTS. Stay far away, secure your money, and protect your financial health.

We received emails yesterday and today where a new robot trading solution was advertised to us. The link in the email led us in the reviews to several fraudulent crypto campaigns like Bitcoin Millionaire Pro or Bitcoin Bank running on https://hot-investing-news.com. After registering, we were immediately redirected to the payment page of the Exteom broker scheme. This is implemented as a PandaTS white-label solution. Stay Far Away; it's most likely just another scam!

In Austria, another trial in the environment of Israeli Gal Barak's cybercrime organization E&G Bulgaria will begin in a few weeks. Barak was sentenced in 2020 for investment fraud and money laundering to several years of imprisonment and about €4 million in restitution payments that he has not paid yet. Criminal records show that Gal Barak, his wife, Marina Barak, and his partners, Gery Shalon and Vladislav Smirnov, earned around €38 million between 2017 and 2019 alone.

The offshore brokerage scheme Evest powered by PandaTS is operated through boiler rooms in Cyprus and Israel and primarily targets clients in Turkey, the Arab and African regions. Access to the website is blocked for Europeans. Evest operates with registration from the Vanuatu Financial Services Commission (VFSC) and the FSCA in South Africa. In addition, the scheme works with companies in the UK and Cyprus as payment agents. Ali Hasan serves as CEO of the Israeli-controlled brokerage scheme.

The online trading industry has experienced a shock in recent days. Apple announced that it would remove the MetaTrader trading software from its App Store (report here). This news came after Forbes reported that Pig Butchering scammers use MetaTrader. Forbes rightfully pointed out that MetaTrader is open to manipulation by operators via plugins. This has been known for a long time. And what about their data strategy? It's time for the authorities to look closely at MetaTrader and its publisher, MetaQuotes.

FinTelegram issued a warning on May 19, 2022, against the PandaTS white-label broker scam Investirex hunting for victims with fraudulent marketing campaigns such as Tesler. Just a few hours later, German regulator BaFin announced an investigation into Investirex and offshore operator Castan Holdings Ltd. On 17 June 2022, BaFin informed that Investirex is evidently connected to Investirex Cryptocurrencies Ltd, Investirex Ltd, or Investirex.com Ltd. They claim to be part of a group of companies around CySEC-regulated K-DNA Financial Services, the BaFin states.

The Spanish regulator CNMV has issued an investor warning against the brokerage scheme Ortegazak. The operator is alleged to be Ortega Group Ltd though no jurisdiction is specified. Ortegazak is a white-label scam on the Israeli-Cypriot PandaTS platform. Payment options stated are credit and debit cards as well as Bitcoins which can be deposited by potential victims via the ShinePays gateway. Stay far away from Ortegazak and protect yourself from financial losses and the theft and misuse of your data.