Tag: SwissCapital

The Cyprus-controled crypto payment processor Venus Exchange, regulated by the Estonian FIU, has come to our attention several times as a payment facilitator for broker scams. For example, at AstonTrust, FirstCapital, Swiss Capital, Wealth Capital, or LincolnFX. Financial regulators of various regimes have issued warnings against them several times. German law enforcement agencies are currently investigating LincolnFX and its operators. On its website, Venux Exchange informs and warns against its (former) client LincolnFX.

The FMA issued an investor warning against the broker scam FX Leader (www.fx-leader.com) allegedly operated by FX-leader Limited, St. Vincent and the Grenadines. In July 2020, the German regulator BaFin issued a cease and desist order against the scam broker (read this report). The FX Leader scam is directly linked to the SwisCapital (www.swiscapital.com) scam. The latter already vanished and was operated by the offshore entity ScissCapital Limited, also registered in St. Vincent and the Grenadines.

The German regulator BaFin has issued a cease and desist order against the scam broker FX Leader (www.fx-leader.com). This scam, in turn, is directly linked to the SwisCapital (www.swiscapital.com) scam. In fact, the domain has been redirected from FX Leader to the SwisCapital broker scam, which is allegedly operated by a SwissCapital Limited, a company allegedly registered in St. Vincent and the Grenadines. The broker scams are really bad for small investors and consumers. But worse, much worse are the facilitating payment processors that make fraud possible in the first place.