Tag: Universal Markets

TradeVtech is part of a vast scam network attacking European consumers. FinTelegram has issued several warnings against them. Currently, the scam is operated by Universal Services LLC and UMedia LLC, registered in St Vincent & The Grenadines. We uncovered BridgerPay as the scam-facilitating payment processer. In July 2021, the UK FCA issued a warning against TradeVtech; the Austrian FMA followed in Aug 2021, as did New Zealand FMA in Oct 2021. As of 21 April 2022, the scam is still active, still facilitated by BridgerPay.

TradeVtech is part of a vast scam network attacking European consumers. Over the last couple of months, FinTelegram has issued several warnings against them. Currently, the scam is operated by Universal Services LLC, registered in St Vincent & The Grenadines. The UK FCA, the Austrian FMA, or the New Zealand FMA issued warnings against TradeVtech. However, the scam is still active, still facilitated by BridgerPay.

FinTelegram issued an investor warning against TradeVtech in early July 2021. At the time, the scam was operated by UMedia LLC a/k/a UM Media LLC in St. Vincent and the Grenadines; we uncovered BridgerPay as the scam-facilitating payment processer. Later, the offshore entity Universal Services LLC was stated as the scam operator. BridgerPay does not seem to mind that its scam clients attack and defraud consumers in Europe. In July 2021, the UK FCA issued a warning against TradeVtech; today, the Austrian FMA warned against it.

When analyzing the scams against which the UK Financial Conduct Authority (FCA) issued an investor warning yesterday, St. Vincent and the Grenadines had a dominant role as the given address of the scam operating entities. This is also the case with Universal Markets (www.umarkets.io, www.umarketspro.com, or www.umarketspro.net). The scam is allegedly operated by Universal Services LLC, register number 193LLC2019, and/or UM Media LLC, register number 240LLC2020. Surprise! Both companies are registered in Kingstown, St. Vincent and the Grenadines.

The Spanish regulator CNMV issued 10 investor warnings today. Among them are numerous forex brokers operated by offshore companies...