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Tag: PGSELLERS

Finally! BaFin follows FinTelegram and investigates the Blokchains scam!

FinTelegram tamir -
scam, BaFin announced an investigation of the Blokchains scam. According to the regulator, the available information and documents indicate that unauthorized banking transactions or financial services are offered in Germany via the platform. The provider appears on the website only under the name Blokchains. An address in London, United Kingdom, is stated as the business address. In the terms and conditions, however, reference is made to Estonian law.

PGSELLERS – A high-jacked illegal payment processor or a made-up story?

High-risk payment processors tamir -
Over the last few years, UK registered PGSELLERS has come to our attention as an illegal payment processor in several major broker scams. Scam victims were asked to deposit funds into PGSELLERS' accounts at Deutsche Handelsbank, Klarna, and other banks. A few days ago, the registered director and economic owner of PGSELLERS, Paul Solinsky, contacted us and claimed that the entity was hijacked by scammers and used as an illegal payment processor without his knowledge.

Breaking News! Please read the statement of the PGSELLERS director!

Illegal Payment Services tamir -
FinTelegram has received a statement from Paul Solinsky, the director and beneficial owner of the UK entities PGSELLERS LTD and Ecore Payments Ltd d/b/a Ecore Merchant Services (Ecore). We have exposed PGSELLERS as an illegal payment processor and scam facilitator in various broker scams. However, Paul Solinsky claims that he has been a victim of a group of fraud gangs. He already applied to the Companies House for a voluntary strike-off of PGSELLERS. Below is his statement to FinTelegram:

Paul Solinsky, PGSELLERS and Ecore Merchant Services!

High-risk payment processors tamir -
Paul Solinsky is the director and beneficial owner of the UK entities PGSELLERS LTD and Ecore Payments Ltd. In the latter, his relative Maurice Solinsky is also registered as the beneficial owner. While PGSELLERS officially runs an online education platform for traders, Ecore Payments operates under the trade name Ecore Merchant Services (Ecore), which claims to be a partner of the Irish Elavon Merchant Services. PGSELLERS have come to attention several times as illegal payment processor and scam facilitator.

Urgent Warning against BitMegaChain, ForbsChain, Blokchains, and their scam network!

Illegal Broker Activities tamir -
Consumers should have learned by now that "mega" is a scary term that is usually used to promote the worst companies, products, and services. The BitMegaChain promoted via fraudulent crypto campaigns is a stupid white-label scam operated by the same cybercrime organization as Blokchains, ForbsChain, or TheBullBears. They are currently hunting for victims with campaigns in social media using illegal payment processors such as PGSellers.

R4I – Scam-facilitating illegal payment processor PGSellers!

Crypto Schemes tamir -
Victims of several scams have sent us payment documents proving that they made their deposits to the scams via PGSellers Ltd. Officially, PGSellers sells courses, ebooks, or education packages to would-be online traders. However, we have already discovered PGSellers as an illegal payment processor for IGM Holdings, HQ Trade, and FinoCapital. PGSellers is a registered merchant with several payment services providers and is owned by the British Paul Solinsky.

Deutsche Handelsbank and PGSellers facilitate crypto broker scam HashTrade

Illegal Broker Activities Ben -
Notorious Deutsche Handelsbank did it again. It facilitated the Hashtrade (www.hashtrade.pro) broker scam, officially confirmed as a scam on Reddit. But, unfortunately, victims are still falling for the scam. Allegedly, the scam is operated by Xertz Consulting Ltd, registered in the Commonwealth of Dominica. This offshore entity is also associated with other scams such as Hackford or Paragon Finance. Victims have sent us payment documents showing that they made payments to the scam via PGSellers Ltd and their bank account at Deutsche Handelsbank.

Investment Warning – Crypto Broker Scam Hashtrade facilitated by PGSellers and Deutsche Handelsbank

Illegal Broker Activities Ben -
Hashtrade is a broker scam that is already officially confirmed as a scam on Reddit. But, unfortunately, victims are still falling for the scam. Allegedly, the scam is operated by Xertz Consulting Ltd, registered in the Commonwealth of Dominica. This offshore entity is also associated with other scams such as Hackford or Paragon Finance. Victims have sent us payment documents showing that they made payments to the scam via PGSellers Ltd and their bank account at Deutsche Handelsbank.

Daily Affiliate Warning – FXOffers promoting IGM Holdings, HQ Trade broker und FinoCapital scams

Affiliate Scams Ben -
Today we received another nice email from [email protected]. In the email, we are once again presented with a link to FXOffers (www.fxoffers.cc) and its fraudulent Elite Trading Club campaign. A video still promises that you can earn more than €15,000 daily without risk on the campaign page. The campaign promises to make you a millionaire. Got it, stupid? All you have to do is register. Today, victims are being sought via this fraudulent campaign for broker scams IGM Holdings, HQ Trade, and FinoCapital. Do not be one of these victims.

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.

Contact us: [email protected]

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.

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