Tag: TradesPrime

BaFin issues another Cease and Desist Order to illegal payment processor TrustSecure

BaFin bluechipper - August 3, 2020

The unauthorized and thus illegally operating German payment processor TrustSecure GmbH has been operating since 2017. Initially, the company was founded at the end of 2017 as SCRI-Alpha 961 GmbH as an asset management company. Already in January 2018, the company was renamed to Trustsecure GmbH and Serghei Grodetchi with official residence in Düsseldorf was appointed as managing director. The BaFin issued another cease-and-desist order to TrustSecure in the context of the broker scams FDM Trade Online and TradesPrime.

Update ‘Zoo Broker Scam Network’ – New entities and Blue Trading connection identified

Bluetrading tamir - June 10, 2019

The Zoo Broker Scam Network is growing almost every day. Since our Request for Information FinTelegram whistleblowers provide new investor warnings from financial market regulators and other information. Meanwhile, we also worked out that most of the illegal and fraudulent schemes are operated by the very same boiler rooms which also operated those of Uwe Lenhoff and Gal Barak. Moreover, we found blockchain traces to the Blue Trading scheme.

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