Zoo Broker Scam | FinTelegram News

Tag: Zoo Broker Scam

July 2, 2021

Notorious scam-facilitator Deutsche Handelsbank about to close down payment business

The notoriously well-known Deutsche Handelsbank has been in the FinTelegram focus over the last three years. Like ING's Dutch subsidiary Payvision and, until its collapse, Wirecard, the bank was a prime address for scammers and cybercrime organizations. Uwe Lenhoff, who died in prison in 2020, was one of the clients of Deutsche Handelsbank and used the bank to launder the illicit proceeds of his huge lotto scam LottoPalace. Now the German financial institution seems to be about to its dirty payment division.

March 21, 2021

High-Risk payment processor MoneyNetint goes Brazil with RippleNet

MoneyNetint, the FCA-regulated Israeli e-Money institution around Yishay Trif and Raphael Golan, announced a new payment service for merchants doing business with Brazil. Together with Banco Rendimento in Sao Paulo, a clearing system based on the RippleNet blockchain is to be launched. This is intended to enable payments to Brazilian companies and individuals to be made without friction and at low cost. The system is compatible with the Brazilian instant payment system PIX, MoneyNetint claims in its blog post.

November 25, 2020

Finally! BaFin orders Deutsche Handelsbank to implement appropriate AML procedures

Deutsche Handelsbank has appeared as a payment processor in many binary options and broker scams. Moreover, the BaFin-regulated institution is a correspondent bank and partner of other regulated payment processors such as MoneyNetint, which also support scams. EFRI has filed a corresponding complaint to BaFin. The German regulator has now officially ordered Deutsche Handelsbank to implement appropriate AML measures to prevent money laundering and terrorist financing.

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

Watchdog

June 14, 2019

Experimental Soft-Launch – The FinTel Watchdog whistleblower platform

FinTelegram launched today the “FinTel Watchdog Platform” (www.the-watchdogs.com) in an experimental soft-launch. The goal of this whistleblower platform is to tap into the wisdom of..

June 10, 2019

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

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.

June 9, 2019

The Marshall Islands – A cybercrime paradise promotes crypto to legal tender

Crypto becomes legal tender On February 26, 2018, the sovereign Republic of the Marshall Islands (RMI), a tiny Pacific atoll nation with a population of..

June 2, 2019

FCA warning against Zoo Broker Scam brand ‘CFD Premium’

A few days ago FinTelegram published a Request for Information about the Zoo Scam Broker Network. It seems that the partly relatively new Forex, CFD..

May 21, 2019

Protected: The FinTelegram Impact – Zoo Scam Brokers Update

There is no excerpt because this is a protected post.

May 19, 2019

Request for Information – Who Are The ‘Zoo Broker Scam’ Operators Behind Silver Wolf, Brown Fox, Blond Bear, Or Blue Seal?

Update May 20, 2019 (5.30pm): Offer, the ExchangeITonline CEO sent an email to FinTelegram today saying that his crypto exchange is not doing business with..

Compliance Report: Sergey Mendeleev, Garantex, and Exved – The Rising Role of Crypto in Russia’s Sanctions Evasion Strategy

Sergey Mendeleev, a prominent figure in Russia's cryptocurrency scene, has played a central role in the establishment and operation of two key platforms—Garantex and Exved. These platforms have been instrumental in facilitating cross-border payments and crypto transactions, potentially serving as important tools for Russia’s sanctions evasion strategy. Mendeleev's growing influence in this space, coupled with Russia's evolving regulatory framework, positions him as a key player in Russia.

Russia’s New Crypto Strategy for Sanctions Evasion

Russia’s new crypto laws, allowing mining and international payments in digital currencies, are part of a broader strategy to evade Western sanctions and reduce dependence on the U.S. dollar. This move, led by the Central Bank of Russia (CBR), opens up new compliance risks for global financial institutions dealing with Russian entities. The new laws are set to take effect in September for cross-border payments and in November for crypto mining.

Secretive Cyprus Funds Used to Obscure Megayachts and Real Estate Linked to Sanctioned Russian Banker

A recent OCCRP investigation revealed that Cyprus-registered RAIFs were used to hide megayachts and real estate linked to sanctioned Russian banker Andrei Kostin. These secretive funds, managed by Inveqo, allowed clients to avoid disclosing their ownership, raising concerns about the effectiveness of sanctions and regulatory enforcement. The case highlights the challenges of ensuring transparency and preventing financial crime in the global investment landscape.

First-Ever Crypto Seizure in Scotland Under New UK Law

Crypto has undoubtedly become mainstream, particularly in the cybercrime sphere. In a first for Scottish law enforcement, £110,000 in cryptocurrency has been confiscated from John Ross Rennie following a violent robbery. Under new UK rules, police can now seize crypto assets without needing to make an arrest, highlighting a growing focus on tackling digital crime as incidents involving cryptocurrency continue to rise.

Former Lebanon Central Bank Governor Riad Salameh Charged with Financial Crimes

It was a long-expected move. The powerful former Lebanon Central Bank Governor Riad Salameh has been arrested and charged with embezzling $42 million in public funds, part of a broader $110 million fraud case. His detention comes amid ongoing domestic and international investigations into financial misconduct during his controversial three-decade tenure. In 2022, the European Union Agency for Criminal Justice Cooperation (Eurojust) froze assets worth €120 million tied to Salame.