Tag: Paypoun

Urgent Warning! Broker Scam ErfolgreichFX Attacks European Consumers!

BaFin Ben - June 22, 2022

FinTelegram published a warning against ErfolgreichFX in March 2022. The German BaFin announced investigations against the scam and its anonymous operators with an address in St. Vincent & The Grenadines. The scam seems set to vanish soon as some of the payment options we exposed in our initial review such as Neobanq and Paypound have already been removed. Credit and debit card deposits are processed through the anonymous FXPaymentServices. Stay far away from the scam.

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.