German BaFin investigates SafeIncome broker scam
German regulator BaFin announced today that an investigation had been opened against the broker scam SafeFund. The scam claims to be a regulated SICFund, with the applicable law being the offshore paradise of Vanuatu. However, no legal entity is mentioned on the website. We found only crypto companies as facilitating payment processors. Credit and debit card payments are also processed through the notoriously licensed Estonian BitTheBank.