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Tag: TrustSecure

January 5, 2022

Urgent Warning – Do not work for the illegal payment processor A B Group!

Illegal payment processors are an essential element for cybercrime activities such as scams. Over the last few years, Germany has built a dark reputation in this regard. Numerous illegal payment processors such as B2G, TrustSecure, or P2P have laundered funds for dozens of scams. BaFin has now announced investigations against the illegally operating payment processor A-B Group a/k/a A-B Group Online. The company acquires home office workers with the purpose of opening bank accounts under their ID.

August 4, 2020

Open Letter to AnyDesk – Producer of terribly efficient cybercrime tools

Germany is something of a strategic base for international cybercrime and money laundering. It has been known not only since the collapse of the former FinTech star Wirecard that Germany makes considerable contributions to the prosperity of the international cybercrime and scammer scene. Dozens of illegal German payment processors like B2G, TrustSecure, or StronIT are facilitating scams in plain sight of law enforcement. The German software company AnyDesk Software GmbH provides a highly efficient remote access software to empower fraudulent boiler room agents.

August 4, 2020

Open Letter to AnyDesk – Producer of terribly efficient cybercrime tools

August 3, 2020

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

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.

August 3, 2020

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

June 16, 2019

Investor Warning – Illegal US broker scheme ‘Coperstone-Apex Signals’ and unauthorized payment services

On May 27, 2019, the Financial and Consumer Affairs Authority (FCAA) of Saskatchewan published a Sanctions Order in the Matter of Coperstone Limited, Coperstone Partners..

March 17, 2019

Bluetrading Scam Update – The Bitcoin-Domain Deal in 2017

On Aug 9, 2017, the US domain trader and founder of SEO.com and BuyDomain.com, Mike Mann, posted on Facebook that he sold the domain www.bluetrading.com..

March 1, 2019

Unauthorized German Payment Services Providers Facilitate Fraud Of Blue Trading And Other Illegal Broker schemes

Over the last couple of months, FinTelegram has been working with authorities and the Organized Crime and Corruption Report Project (OCCRP) to fight the illegal..

February 28, 2019

Blue Trading Broker Scam – First Updates And Preliminary Conclusions

Since our request for information in connection with Blue Trading and Onyx Capital, more than 150 affected parties have contacted us. In addition, we have..

Financial Intelligence Report: Lykke Exchange Collapse

Swiss crypto exchange Lykke has collapsed following a major security breach in June 2024, resulting in the loss of approximately $22 million in customer funds. The incident led to the suspension of trading activities, bankruptcy proceedings, and significant financial losses for investors. This report analyzes the events leading to Lykke's downfall, the impact on stakeholders, and the ongoing legal actions.

Hunting Down: Background on The Arrest of Garantex Co-Founder Aleksej Bešciokov in India!

On March 13, 2025, Indian authorities arrested Aleksej Bešciokov, a Lithuanian national and alleged co-founder of the sanctioned Russian cryptocurrency exchange Garantex, in Kovalam, Kerala. The arrest followed an international law enforcement action Bešciokov now awaits extradition to Lithuania on charges of money laundering, sanctions evasion, and facilitating ransomware transactions.

Call to Whistleblowers: What Is the World Economic Council (WEC) Really Up To?

The financial world in Europe is still reeling from the collapse of Rene Benko’s Signa Group, one of the largest and most scandalous bankruptcies in European history. Amid the rubble, a curious pattern has emerged: leading figures from the World Economic Council (WEC) — including Robert Schimanko, Thomas Limberger, and their legal advisor and business partner William H. Shawn — have quietly moved into strategic leadership positions within foundations linked to Benko.

Kraken’s $1.5 Billion NinjaTrader Acquisition Signals Bold Expansion Ahead of 2026 IPO

Kraken has acquired NinjaTrader in a $1.5 billion deal, marking a strategic leap toward uniting traditional finance with the crypto ecosystem. The move not only diversifies Kraken’s offerings but also sets the stage for its anticipated public listing in 2026. The timing aligns with renewed optimism in the crypto sector, driven by expectations of more favorable regulatory conditions under U.S. President Trump.

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Profile & Regulatory Analysis: Russian-Israeli Crypto Banker Moriel Carmi (formerly Mark Weinstein) and the Case for FCA Scrutiny

This report presents a comprehensive and objective profile of Moriel Carmi, a Russian-born Israeli financier previously known as Mark Mikhailovich Weinstein, who has emerged at the center of a growing network of high-risk payment processors and crypto service providers. Following a landmark ruling by the AIFC Court in Kazakhstan, questions now arise about Carmi’s regulatory fitness within the UK, where he operates the FCA-regulated e-money institution TomPay Ltd.