Illegal Payment Services | FinTelegram News

Category: Illegal Payment Services

April 5, 2022

Please! Stay far away from the CryptBull broker scam!

The Spanish regulator CNMV has issued a warning against the CryptBull broker scam. Therefore, we took a closer look at the broker. In our review on April 5, 2022, we found that there is no indication about the operators or the competent jurisdiction on the website. Instead, we found the payment processors NeoBanq, Gateway, and SecurePaymentGateway. Customers can lose their money via credit and debit cards. Stay away and save yourself financial losses!

April 5, 2022

Attention! The broker scam BrownFinance attacks European consumers!

Currently, a wave of fraudulent crypto campaigns is washing over us again. Most recently, we reported on several BitIQ campaigns. In addition, several other fraudulent crypto campaigns such as Bitcoin Buyer, Bitcoin Era, or Bitcoin Code are being run via a Google Sites platform with a fake article promoting a getting-rich-quick scheme. They chase new victims of the never-ending stream of broker scams. Such as for BrownFinance, which poses as a CySEC-regulated investment firm. Stay Far Away.

April 4, 2022

Another regulatory warning against EUFM broker scam using fake regulatory documents!

The German BaFin today announced investigations of the EUFM broker scam. Only recently, the Italian Consob and the Spanish CNMV issued a warning against the broker scam European Financial Markets a/k/a EUFM. The website does not provide any information about the operators or the jurisdiction responsible. As payment processors behind BoxiPay cashier, we have once again discovered Paypound as well as PayCent. Deposits are only possible via credit and debit cards. Stay far away and save yourself from losing your money and misusing your data.

April 4, 2022

Watch out! Fraudulent BitIQ campaign promotes Europe Capital broker scam!

The fraudulent BitIQ campaign is currently being promoted by various websites and emails. This morning, we noticed in our review that the broker scam Europa Trade Capital is hunting for new victims via BitIQ. After registering with BitIQ, victims are directly redirected to the scam's payment page. There they can lose their money via deposit with Bitcoins. As a crypto payment processor, we have discovered Zcoinpay a/k/a Coinsxo. Stay far away.

April 3, 2022

Urgent warning! The stoxDC scam continues attacks on European consumers!

We have received another email from Investors Education. This time we are told that we have a chance to earn €800 in the next 17 minutes. All we have to do is register immediately. The link takes us to the BigTopChannel website where the fraudulent BitIQ campaign is advertised. Whoever registers there will be taken back to the payment page of the stoxDC broker scam. This PandaTS white-label broker has been running aggressive campaigns for days with fraudulent campaigns to constantly catch new victims. Maybe PandaTS should take action against its scam client?

April 3, 2022

Attention! Another warning against the JoyTrust broker scam!

We have warned against the JoyTrust (www.joytrust.net) broker scam several times. The German regulator BaFin investigates the fraud, and its operator, the UK-registered Top Suite Ltd. The boiler room agents of JoyTrust contact potential victims falsely claiming that they would have a high balance on their Blockchain.com wallet and only need to pay a $250 conversion fee to unlock it. As proof, they sent a copy of a fake ID of a Blockchain.com employee called Robert Mendes. The JoyTrust scam is still actively attacking consumers. The Austrian FMA issued a new warning.

April 1, 2022

Attention! Do not fall for PandaTS white-label scam broker StoxDC attacking European consumers!

In the last few days, many people have received emails from [email protected]. In these emails, you are informed that there are new transfer details for an alleged payment that you should have received. Please check the inserted link. The link leads to the website BigTopChannel (https://bigtopchannel.org) where investments in Amazon are suggested. From there you will be redirected to the payment page of the PandaTS scam broker StoxDC. Stay far, far away.

March 30, 2022

Attention! Fraud campaign BitcoinPro promotes the CTMatador broker scam!

Currently, the fraudulent crypto campaign BitcoinPro is active. A few days ago, the Spanish regulator CNMV issued a warning against BitcoinPro. In our review today, BitcoinPro is chasing new victims for the CTMatador broker scam. After registering with BitcoinPro, you are immediately redirected to CTMatador's payment page, where you can lose your money using credit and debit card deposits. The payment processors we discovered are Finanic, GameChangers, ChargeMoney, and Paypound. Stay far away.

March 29, 2022

African party! Investor warning against Iconic Capital broker scam!

Spanish regulator CNMV has issued a warning against Iconic Capital broker scam on March 28, 2022. The operator is allegedly Effervescent Group Ltd in St. Vincent & The Grenadines. Potential victims may lose their money via deposits using credit and debit cards and cryptocurrencies. As payment processors, we have discovered the US-African fintech unicorn Flutterwave behind the payment integrator AvalanchePay. Stay far away from Iconic Capital, save your money and your mental health!

March 29, 2022

Attention! LionFXM broker scam facilitated by Bity, CoinDeck, and Paypound

n March 28, 2022, Italian regulator Consob announced that it had ordered the blackout of the LionFXM website. The website states AXA Business Solutions Ltd as the operator, which is supposedly registered in St. Vincent & The Grenadines. However, we did not find the company in the Financial Services Authority (FSA) directory in SVG. The payment processors we found are Bity, CoinDeck, Paypound, Stripe and others. Deposits can be made with creditcards, bank wire, and crypto.

March 27, 2022

Investor warning against INT International Traders broker scam!

The German regulator BaFin has issued a warning against the INT International Traders broker scam. The operators are allegedly Finex Group Ltd and ZMARKET Ltd. On the INT International Traders platform, it is falsely claimed that the broker would be supervised by BaFin. As payment processors, we found behind Lax Exchange, AvalanchePay, Paypound, Neobanq, Kryptova, and others. However, some of the payment options have not been working in our latest review. The scam seems about to vanish with the victims' funds!

March 26, 2022

Urgent warning! Do not fall for illegal job offers to test bank accounts!

BaFin warns that scammers post job offers on various job exchanges in Germany. Employees are being recruited to open bank accounts for alleged process optimization or similar purposes. The scammers claim that the accounts will be deactivated or deleted afterward. In reality, however, they are used to process payments, including in connection with fraudulent trading platforms. This happens without the knowledge of the people who opened these accounts. Thus, innocent employees become involved in organized crime.