R

R4I – Scam-facilitating illegal payment processor PGSellers!

Spread financial intelligence

Victims of several scams have sent us payment documents proving that they made their deposits to the scams via PGSellers Ltd. Officially, PGSellers sells courses, ebooks, or education packages to would-be online traders. However, we have already discovered PGSellers as an illegal payment processor forYuanPay, IGM Holdings, HQ Trade, and FinoCapital. PGSellers is a registered merchant with several payment services providers and is owned by the British Paul Solinsky.

Key data

ActivitiesIllegal payment services
Introducing Broker
Scam facilitator
BrandEducation Package
Domainhttps://educationpackage.co.uk/
Legal entityPGSellers Ltd (UK)
JurisdictionUnited Kingdom
Related individualPaul Solinsky (British)
Related scamsBlokchains, YuanPay, Yuan Coin, IGM Holdings, HQ Trade, FinoCapital
and others
Scam-facilitator PGSellers

The narrative

Most recently, victims have told us about the activities of PGSellers as a payment processor for the Blokchain scam with YuanPay and Yuan Coin that is massively advertised on Facebook.

We know from various researches that the sellers of so-called education packages or courses for consumers who want to learn online trading operate primarily as Introducing Brokers (IB) but also as illegal payment processors for scams. Victims of various scams have sent us payment documents showing that they have made deposits via PGSellers‘ bank accounts at PayPal, Deutsche Handelsbank, or Klarna.

Most recently, for example, we discovered FinanCollege (www.financollege.com) surrounding the Invest International (www.invest.international) broker scam (report here).

Education Packages or FinanCollege are usually also registered as merchants with various payment processors and then receive funds from victims on behalf of the broker scams. In return, they receive high commissions.

Share information

If you have any information about PGSellers or BaseIT OÜ d/b/a FinanCollege, please share it with us through our whistleblower system, Whistle42.

CategoriesCrypto Schemes

Leave a Reply

Your email address will not be published.