Tag: xpate

Update On The FCA-Regulated Latvian PaysTree And Its Network!

EMI Ben -
In May 2022, FinTelegram published the initial report on the FCA-regulated e-Money Institution PaysTree and its network of companies and individuals. PaysTree and the network are controlled by Latvian citizens. One of the FCA-registered agents of PaysTree is the Hawex Group, which is allegedly controlled by iPayTotal founder Ruchi Rathor and her team. According to the UK Companies House PaysTree is controlled by the Swiss citizen Anselm Oskar Schmucki. Here is another update.

German BaFin’s first September warning – TradInvestor broker scam and BridgerPay

Cybercrime Charlene Lensburg -
On September 11, 2020, the German regulator BaFin issued the first investor warning on the international side this month. Either Germany is free of scammers or BaFin is still shocked by the Wirecard scandal. Either way. BaFin warns against the broker scam TradInvestor, which is allegedly operated by Ez Education. This scam is connected to the TradoFX scam.

Austrian FMA warns against forex and crypto broker RaxTrade

Compliance Charlene Lensburg -
The Austrian regulator FMA has issued an investor warning against the RaxTrade broker scam. According to information on the website, the scam is operated by ROI Stock Limited, registered by St. Vincent and the Grenadines, under the domain www.raxtrade.com. As a payment processor, BridgerPay is integrated and credit and debit card payments as well as deposits via crypto the ways to lose money to this scam.