U

UK Watchdog FCA warns against Capital Way Group scam with Praxis Cashier

FCA warns against Capital Way broker scam
Spread financial intelligence

The UK regulator FCA issued an investor warning on 9 September 2020 against the scam broker Capital Way (aka Capital Way Group) operating with the domains www.capitalway.com and www.capitalway-group.com. According to the information on the website, the broker is operated by Eastridge Capital Ltd in the Marshall Islands and Usein Power Ltd allegedly registered in Bulgaria. The payment processor of the scam is once again Praxis Cashier from Amit Klatchko.

Capital Way and/or Capital Way Group are typical forex and crypto Scam which is apparently of Russian origin. We assume it became active in early 2019, focusing on Russian-speaking markets. The domain www.capitalway-group.com was registered in January 2019. The Twitter account was opened in March 2019. The scam runs a Facebook page that is active until recently and is liked by over 2,000 people.

Leave a Reply

Your email address will not be published. Required fields are marked *