Tag: Standpoint Finance

In early December 2021, we issued a warning against StandPoint Finance broker scam facilitated by VISA partner BridgerPay in its capacity as a payment processor. The Spanish regulator CNMV also issued a warning against this scam. You would think that these warnings would be enough for BridgerPay to terminate the relationship with its scam merchant. Wrong thought. As of Dec 21, 2021, the scam is still online and BridgerPay is still active as a payment processor.

We have discovered BridgerPay as a facilitating payment processor at exactly 78 scam brokers in our reviews over the last three years. Thereby, our assessments cover maybe 10% of the existing scams. If at all. In this respect, it is easy to gauge how many of these scam brokers are supported by VISA partner BridgerPay. Today we discovered Ran Cohen's Israeli-Cypriot payment processor at StandPoint Finance (www.standpointfinance.com). The Spanish regulator CNMV issued a warning against this scam.

The Spanish regulator CNMV has issued seven new investor warnings this morning. Along with the UK FCA and Italy's Consob, the Spanish regulator is among the busiest in Europe in giving alerts. Included in today's warning are five clones of regulated financial institutions, as well as two scam brokers Standpoint Finance (www.standpointfinance.com) and Kapital-Trade (www.kapital-trade.com). The CNMV's warnings are listed below.