Tag: Vload

On January 18, 2021, the Spanish regulator CNMV issued an investor warning against CLMarkets a/k/a Core Liquidity Markets (www.clmforex.com). The operator of the scam and owner of the broker acting without authorization is allegedly CLMarkets Ltd, registered in St. Vincent and the Grenadines. The beneficial owners are US guys. As a payment processor, we have once again discovered Ran Cohen's BridgerPay, through which you can pay with credit and debit cards, Neteller and VLoad.

LegacyFX broker operates with two mutations. The "European Mutation" is operated by A.N. Allnews Investments Ltd, an investment firm regulated by CySEC. Then there is the "International Mutation," operated by AN All News Investments Ltd regulated offshore by the Vanuatu Financial Services Commission (VFSC). While not allowed to do so, the "International Mutation" actively addresses European investors and accepts happily accepts them and their money.

Regulators have warned against the FinMax scams already. In Jan 2019, the German BaFin warned against the mutation FinMaxBO and issued a Cease-and-Desist Order today. In Oc 2020, the Spanish CNMV warned against the mutation FinmaxFX. The scams are operated by Max Capital Limited, Vanuatu, and Gatelinas UAB, Lithuania. Although Max Capital is licensed by the VFSC, it's not authorized to scam anybody. As scam-facilitation payment processors, we have uncovered Webmoney, VLoad, advcash, and Aveia.

The Spanish regulator CNMV had already warned against FinmaxFX in October 2020. The scam is operated by Max Capital Limited in Vanuatu and Gatelinas UAB in Lithuania. Max Capital is licensed by the offshore regulator VFSC. This offshore license does not authorize the broker to operate in other regulatory regimes. Based on our review, we qualify FinmaxFX as a scam designed to defraud. As payment facilitators for the scam, we have discovered Webmoney, Jeton, VLoad, advcash, and Aveia. The illegal active broker is still active, as are the payment facilitators.