Signix | FinTelegram News

Tag: Signix

August 27, 2023

Urgent Warning. The Portrades Broker Scam Still Attacks Consumers in Europe And North America!

FinTelegram has already issued a warning against Portrades broker scam in January 2023. The scam is still operating with various domains and is operated through the offshore company Signix Ltd in the Marshall Islands. Bulgarian companies Luko Solutions and Tera Solutions are payment processors for the victims' credit/debit card payments. Stay far away and protect your financial health.

Illegal Broker Activities

June 30, 2023

Broker Scam Portrades Vanished With The Victims’ Funds!

In January 2023, FinTelegram warned against the broker scam Portrades, operated through Bulgarian boiler rooms and the offshore entity Signix Ltd, registered in the Marshall Islands. Bulgarian Tera Solutions was the payment agent. As a payment facilitator, we have once again discovered ShinePays, which processes victims' credit/debit card deposits. We hear that Portrades vanished with the victims' money, and they did not pay their affiliates.

January 8, 2023

Urgent Warning Against Broker Scam Portrades!

Today we have discovered Scam Portrades, a broker that appears to be operated through Bulgarian and is supposedly operated through Signix Ltd, registered in the Marshall Islands. Bulgarian Tera Solutions is named as the payment agent on the website. As a payment facilitator, we have once again discovered ShinePays, which processes victims' credit/debit card deposits. Stay very far away and save yourself from losing your money and misusing your data.

Solaris Bleeds Cash and Jobs: Can This High-Risk Fintech Survive, Let Alone IPO?

Solaris, a German fintech and neobank, has a long history of compliance troubles. Moreover, its ongoing financial losses and regulatory woes doubt its long-term profitability, even as it sheds jobs and restructures for survival. A potential IPO, as rumored by the German platform Gründerszene, seems speculative at best in light of its deep-rooted issues with compliance and financial stability.

Breaking: The Binance-Like $3.1 Billion Money Laundering Settlement of TD Bank!

TD Bank, one of North America's largest financial institutions, has been hit with a historic $3.1 billion settlement over money laundering violations. This case represents one of the most significant AML enforcement actions in U.S. history, both in terms of the financial penalties imposed and the severity of the admitted misconduct. Only Binance, with its $4.1 billion settlement, was even larger.

Gotbit and Russian Executives Charged by U.S. DOJ and SEC for Crypto Market Manipulation!

Gotbit Consulting LLC, along with its Russian executives, has been charged by the U.S. DOJ and SEC for its role in a widespread market manipulation scheme. By using wash trades, Gotbit inflated crypto asset prices and volumes, deceiving investors and raising millions in illicit profits. The company’s fraudulent activities were executed across multiple jurisdictions, with key figures now facing extradition and prosecution.

SEC Charges Market Manipulators in Crackdown on Crypto Asset Fraud

The U.S. SEC has charged three market makers and nine individuals for manipulating the crypto asset market, generating artificial trading volumes and misleading retail investors. The fraudulent schemes created the illusion of active markets, prompting unsuspecting investors to pour money into manipulated crypto assets. The DOJ filed criminal charges against the scheme operators in a parallel transaction.

U.S. DOJ Charges 18 Individuals and Entities in Global Crypto Fraud Crackdown!

The U.S. DOJ has charged 18 individuals and entities in an international operation targeting market manipulation and fraud in the crypto industry. The defendants, including market makers and token promoters, are accused of using wash trading and false trading activity to deceive retail investors and artificially inflate crypto prices. This is the first major criminal case of its kind in the crypto market.