Category: BCSC

EuroTrader and LQDFX broker schemesT
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October 9, 2021

The illegal offshore broker LQDFX and its EuroTrader connections!

This Canadian BCSC recently issued a warning against the illegally operating offshore broker LQDFX (www.lqdfx.com). LQD Limited in the Marshall Islands is the operator. This unregulated offshore broker has been co-founded and controlled by Ozan Ozerk, a director and beneficial owner of the CySEC-regulated EuroTrader Group, and his partner Soteris Georgiou. LQDFX and the offshore EuroTrader broker schemes illegally acquires investors in Europe and North America and onboard clients in deliberate violation of KYC/AML procedures!
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Bit-Market Crypvest and Cryptec scams vanishedB
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October 2, 2021

Broker scams Bit-Market et al. vanished!

The broker scam Bit-Market is offline. At least for the moment! Anyone trying to access the website directly by keying in the domain receives the Cloudflare error message 1016. The UK Financial Conduct Authority and the British Columbia Securities Commission issued warnings against the scam in March and April 2021, respectively. The operators are said to be the two offshore entities, Strong Momentum LLC and Geronimo Tech Ltd. The latter is also connected with the Cryptvest and Cryptec scams.
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WorldMarkets investment scam and its payment processorsA
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September 1, 2021

Attention!WorldMarkets scam still active with an illegal Polish payment processor

WorldMarkets is a huge investment scam that has been active for years. We have reported about it several times. Financial market regulators like the UK FCA have issued warnings against the WorldMarkets scheme. However, the fact is that WorldMarkets is still active. In doing so, the scam works with a wide variety of ever-changing payment processors. Most recently, victims have reported to us that they have transferred payments to the bank account of the Polish public relations company Wolfs Trading Blockchain Technology S.A.
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FMA and other regulators warn against StarkMarkets broker scamA
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September 26, 2020

Austrian FMA and other regulators warn against StarkMarkets broker scam

The Austrian Financial Market Authority FMA has issued an investor warning against the scam broker StarkMarkets (www.starkmarkets.com) which is allegedly operated by Krisimark Ltd and SWISSGEM Ltd in Sofia, Bulgaria. Already in June 2020, the Canadian British Colombia Securities Commission (BSC) issued an investor warning, and in July the New Zealand FMA (here). The scam facilitating payment processor is once again the Cypriot Praxis Cashier.
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