Tag: StoxMarket

The scam-facilitating shadow banking system around KBH AndelskasseE
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February 11, 2021

EFRI Class Action – Fund recovery claims against collapsed KBH Andelskasse and its owners

The international shadow banking system around the collapsed Danish Kobenhavn Andelskasse (a/k/a KBH Andelskasse) dominated by Jesper Bak and Wael Almarree was one of the worst payment facilitators for (legal and illegal) gambling and scams between 2016 and 2018. Also involved during this time were Danish FinTech Clearhaus and FCA-regulated Moorwand (formerly UPayCard). The European Fund Recovery Initiative (EFRI) filed the fund recovery claims with the Danish FSA and filed a criminal complaint with the Danish prosecutor's office.
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StoxMarket scammer Mordechay LitkeA
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June 21, 2020

Attention: Israeli StoxMarket Scammers still active and attack FinTelegram

We have recently warned several times that the Israeli Mordechay Litke is still active with broker scams. Litke and his partner Chaim Bornstein were the scammers behind one of the largest binary options scams between 2015 and 2019 - StoxMarket. Through their Marshall Islands-registered Marketier Holdings Ltd, the two have ripped off thousands of retail investors in the EU, using call centers in Serbia and Albania.
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Payvision Amsterdam headquartersU
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July 15, 2019

Update on EFRI funds recovery campaigns and facilitating payment services providers

In recent weeks, the European Funds Recovery Initiative (EFRI) has received legally effective Power of Attorney (POA) from hundreds of client-victims of various broker schemes...
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June 19, 2019

5 Months – Update on EFRI Campaigns and Status Report

In January 2019, with the arrest of Uwe Lenhoff, founder of Option888 we started our first EFRI-campaign. In February with the arrest of Gal Barak,..
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June 14, 2019

Experimental Soft-Launch – The FinTel Watchdog whistleblower platform

FinTelegram launched today the “FinTel Watchdog Platform” (www.the-watchdogs.com) in an experimental soft-launch. The goal of this whistleblower platform is to tap into the wisdom of..
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