Tag: Payward

The U.S. SEC has charged Payward Inc. and Payward Ventures Inc., d/b/a Kraken, with operating an unregistered securities exchange, broker, dealer, and clearing agency. This latest action by the SEC aligns with similar complaints filed against industry giants Binance and Coinbase, intensifying concerns that such regulatory measures may significantly challenge the crypto scene in the U.S.

Starling Bank recently announced that they are suspending the deposit of funds to crypto exchanges such as Payward Ltd d/b/a Kraken (www.kraken.com). Banks and fintechs have "observed high levels of illegal activity" related to crypto exchanges. Welcome to the new reality. We have testimonials from victims showing how ID theft and bank fraud works. Scammers use either victims' KYC records or AnyDesk to open accounts there in their name and then receive deposits from them. The money is then gone. Kraken refuses to refund the victims.

The Elit Property Vision Racket has its main focus in Spain. In our last update, we published a list of the companies, brands, payment processors, and people we discovered. One key person in the Racket is likely to be Rezaeian Mohammadi Majid. In addition, we have discovered another person, Jhon Freddy Villamizar, who participated in the racket as a CREDI FINANCIAL EXPRESS SL director in Madrid. Below you will find the updated list of the Elit Property Vision Racket.

The Trade Com Racket is believed to have a headquarters in Albania. JPM Capitals, ProfxCredit, FMA Crypto, Coinmond, GlobalSpotFX, Spotfinex, FXonspot, and TopEuroFX are part of the racket. In January and August 2020, the UK FCA issued investor warnings against the FXonspot scam; in September 2020, the Spanish CNMV followed. The racket offers the trading app TopEuroFX for free download in the Google store. As facilitating payment processors, we have recently discovered Payecards, the Estonian Woodstock OÜ, the UK Cashaa Technologies Ltd, and Net Kantor.

A battle is currently raging between the old central bank-controlled FIAT monetary system with the dollar as the reserve currency and the new decentralized cryptosystem. Quantitative easing policies in the wake of various crises in recent years cast doubt on the FIAT system's sustainability. 2020 was also the year institutional investors got into Bitcoin. In 2021, FinTech unicorn TransferWise is planning a billion-dollar IPO - a FinTech that rejects the cryptosystem.