In Sept 2021, the Spanish CNMV issued an investor warning against the meanwhile vanished Morgan FX Capital (www.morganfxcapital.com) broker scam; the Italian Consob issued a black-out order a few days ago. UK-registered Preqster Ltd, which used to operate other vanished scams such as Pips500 or Preqster FX, was the operator. It was controlled by the Latvian citizen Sergejs Vasiljevs and was one of the many legal entities of the so-called Latvian Racket. This entity was dissolved, and its scams vanished. We want to learn more.
In June 2021, Italian regulator Consob ordered the black-out of the Pips500 scam operated by Preqster Ltd. The company was founded in May 2020 by the Latvian Sergejs Vasiljevs and dissolved via compulsory strike-off in Nov 2021. In August 2021, Sergejs Vasiljevs established FKOSALES LTD (Companies House). According to the Companies House records, Vasiljevs is a production line worker living in England.
On 24 and 25 March, Europol, and Eurojust, the Latvian State Police (Valsts policija), and the Lithuanian Police (Lietuvos Policija) detained over 100 people in Riga and Vilnius on suspicion of being involved in an international boiler room and broker scam. They raided a total of three boiler rooms operated by this cybercrime organization. Its members are accused of defrauding victims across the world. It has not yet been confirmed whether the target of this action day was the so-called Latvian Racket cybercrime organization.
We are currently looking for Sergejs Vasiljevs and would like to know where he is or who his partners are. We would also like to learn how the law enforcement action in March 2022 affected the Latvian Racket. If you have any helpful information, we would be grateful if you could share it with us.