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December 15, 2020

Investor Warning – Boiler Rooms associated with MegaTradeFX, MarketCapital, or SolidCapital

Austrian Financial Market Authority (FMA) issued an investor warning against the broker scam SolidCapital (www.solidcapital.io), allegedly operated by Royal Gates Ltd, St. Vincent and the Grenadines. The scam works with Anydesk and Boiler Rooms with the phone number +442037692938 (one of many). This phone number is connected to other scams like MegaTradeFX or MarketCapital. As a payment processor at SolidCapital, we noticed BridgerPay again.

December 15, 2020

Investor Warning – Boiler Rooms associated with MegaTradeFX, MarketCapital, or SolidCapital

Jeton Group Analysis: Facilitating Online Casinos Beyond Compliance!

FCA-regulated Jeton Group, a high-risk payment processor, has been deeply involved in facilitating transactions for illegal online casinos, including those operated by the Starscream Group. Jetonbank, a digital offshore bank regulated by the FSU in Dominica, has furthered these operations by enabling fiat deposits for players in unlicensed jurisdictions. This report calls for insiders to provide critical whistleblower information.

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Operation Niflheim: Brazilian Law Enforcement Targets $9.7 Billion Crypto Money Laundering Scheme!

Brazilian Federal Police have dismantled a major crypto-based money laundering operation, dubbed Operation Niflheim, targeting groups involved in laundering over $9 billion since 2021. The operation led to the issuance of eight arrest warrants and 19 search and seizure orders. The scheme used cryptocurrencies to funnel illicit funds from activities like drug trafficking abroad.

eToro Settles with SEC, Restricts Crypto Trading

Under its chair, Gary Gensler, the SEC is taking massive action against crypto companies in the U.S. The regulator believes that most coins and tokens qualify as securities, and therefore, the issuers and exchanges need appropriate registration. The U.S. subsidiary of the Israeli eToro broker scheme has also been sued for this reason. eToro settled with the SEC with a $1.5 million payment.

Crypto Crime Case FTX: Caroline Ellison Seeks No Jail Time for Role in FTX Fraud

Caroline Ellison, a former top executive in the collapsed crypto exchange FTX and former girlfriend of FTX CEO Sam Bankman-Fried, is seeking no prison time at her sentencing later this month. The lawyers cited her immediate and extensive cooperation with U.S. authorities when FTX collapsed in November 2022 and noted that the court's Probation Department recommended that she serve no prison time.

TD Bank Fined $28 Million for Illegal Credit Reporting Practices!

The U.S. CFPB ordered TD Bank to pay $7.76 million to tens of thousands of victims of the bank’s illegal actions. For years, the bank has repeatedly shared inaccurate, negative information about its customers with consumer reporting companies. The information included systemic errors about credit card delinquencies and bankruptcies. In addition to the redress, the CFPB is ordering TD Bank to pay a $20 million civil money penalty.