PaynetEasy | FinTelegram News

Tag: PaynetEasy

July 22, 2021

Illegal broker BTC-Trends promoted by THE NEWS SPY fraud campaign

The offshore broker BTC-Trends, operated by Cordelino Ltd registered in St. Vincent & the Grenadines, does not have a license and is most certainly a scam. The scam is being promoted today via THE NEWS SPY fraud campaign on the SafeInvestmentsNow website. The scam is facilitated by PaynetEasy payment processors for credit and debit card payments. Registration is apparently not currently possible directly through the website. Potential victims have to be referred via one of the fraudulent marketing campaigns that operate as Introducing Brokers.

July 19, 2021

German BaFin issued cease and desist order against FXTime

The German BaFin orders the scam to cease its unauthorized proprietary trading activities immediately. While no operator is provided on the website, we found in the Terms & Conditions that Estonian law applies. As payment processors behind the BoxiPay cashier, we have once again discovered PayNetEasy and PayCent. Deposits from victims are currently only possible via credit and debit cards. Do not fall for the scam.

July 7, 2021

Investor Warning – Cryptrader broker scam facilitated by PayWize

Limassol is firmly in the hands of Israeli FinTech entrepreneurs. Without them, CySEC would probably be bankrupt tomorrow, and Cyprus would lose its main source of revenue. This includes the official fees that CIFs have to pay and the penalties that these CIFs have to pay frequently. They flow into the state budget. However, there is fierce competition within the Israeli FinTech community, such as between Ran Cohen and his BridgerPay and Amit Klatchko and his Praxis Cashier. We discovered both along with PayWize as payment facilitators in the Cryptrader scam.

June 28, 2021

Alert! Crypto Engine fraud campaign promotes Victoria Coins and El Comercio24 broker scams

Today, we find an email from Katiusha Zhukova informing us about the possibilities of making money through Facebook. The email was forwarded to us via Google Slides, where Katiusha commented on a presentation. In the comment, a link, which redirects to a fake article about a Crypto Engine from Facebook presented on https://wphff.naxnah.xyz. Using this Crypto Engine, we are supposed to earn up to $2,900 per day. Via the Crypto Engine website (https://en.cryptoengine.we-trck.com), potential victims finally land at the broker scams Victoria Coins or El Comercio24.

June 15, 2021

Daily Marketing Alert – Fraud campaign BitQT promotes AlgofGain broker scam

We have issued a warning against the broker scam AlgofGain on May 18, 2021. Currently, the scam is promoted via fake news articles on the website https://yucosmos.com praising the fraudulent BitQT campaign on Best Invest News. They are attacking German-speaking consumers. The scam has built an extensive collection of supporting payment processors via its BoxiPay cashier. On Trustpilot, AlgofGain now has only a 2.8-star rating with a "Poor" trust level. Do not fall for BitQT and AlgofGain.

June 11, 2021

Broker scam Winbitx chasing victims via Bitcoin Profit campaign

The white-label broker scam Winbitx is currently hunting for new victims using, among other things, the Bitcoin Profit campaign. This campaign promises investors millions in profits even when the crypto markets crash. After registering with Bitcoin Profit, you are immediately redirected to the payment page of the broker scam Winbitx. The cashier is once again PayNetEasy, where once again the UK payment processor Pay Credits for credit and debit card payments are integrated.

June 8, 2021

Daily Marketing Alert – fraudulent Tesler campaign promotes Invexeo broker scam

We receive dozens of fraudulent emails every day through our various email addresses, leading us to scam campaigns and scams via false promises. The good news here is that we no longer have to search for scams, but the scams find their way to us. They are practically asking us to issue a warning against them. For example, today, an email led us (once again) to the fraudulent TESLER campaign (www.gmxzxwbp.xyz/tesler-3), and from there, we came to the Invexeo broker scam (www.invexeo.com) after registering. As the facilitating payment processor, we found once again PayNetEasy and Pay Credits.

Illegal Broker Activities

May 31, 2021

Austrian regulator warns against FXTime broker scam

The Austrian Financial Market Authority (FMA) has issued an investor warning against the FXTime broker scam (www.fxtime.io). According to the FMA, the scam claims to operate in Austria. We found in the Terms & Conditions that Estonian law applies. As payment processors behind the BoxiPay cashier, we have once again discovered PayNetEasy and PayCent. Deposits from victims are currently only possible via credit and debit cards. Do not fall for the scam.

May 21, 2021

BaFin issues another Cease and Desist Order against CapitalFX broker scam

The German BaFin has issued another Cease and Desist Order against EZ2GO Ltd this week. The company, registered in the Commonwealth of Dominica, was registered as the operator of the CapitalFX broker scam. The scam is active with the domains www.capitalfx.co and www.capital-fx.info. Also named as an operator is Aegion Group Ltd, registered in St. Vincent and the Grenadines. As payment processors, we have discovered PayNetEasy and PayCent behind the BoxiPay cashier (PayBox).

May 18, 2021

Investor Warning – Estonian broker scams AGKapital and AlgofGain and their facilitating payment processors

Currently, the two related broker scams AGKapital and AlgofGain, are being promoted via various fraudulent marketing campaigns. What is special about these two scams is that they both work with the BoxiPay Cashier (operated by PayBox) and the same list of payment processors. Among them the usual suspects like iPayTotal, NeoBanQ, or PayCent but also others like the Turkish RHG Partners, Bitngo, or ikajo. The scams claim on their websites that they fall under Estonian jurisdiction. Many of their payment processors do too!

May 10, 2021

Investor Attention – Austrian Regulator warns against Finotive

We have warned against the Finotive broker scam (www.finotive.net) twice before. Following FinTelegram, the Austrian FMA issued an investor warning against it. VT Group Ltd in Cyprus allegedly operates the scam. We identified Harmonte Group LLC in St. Vincent and the Grenadines as a co-operator registered with PayTechno as a merchant. As a payment gateway, we again have PayBox (a/k/a BoxiPay) with PayTechno, PayCent, iPayTotal, and NeoBanq. Some scams die hard.

March 23, 2021

Affiliate scheme FXOffers and Algo-Machine introduce broker scams UniteEx and Capital of Focus

Today, potential victims are lured by the FXOffers Elite affiliate page via an invitation email from Way 2 Freedom. Upon registration, the would-be victims are led to the broker scam UniteEx via Algo-Machine (www.algo-machine.com). Moreover, via the FXOffers Crypto Genius campaign, one is directed to the broker scam Capital of Focus scam. Algo-Machine acts as an algorithmic-based introducing broker for these scams.