FinTelegram and the European Funds Recovery Initiative (EFRI) have been working for several weeks together with authorities and our registered members on the processing of the Payment Services Provider (PSP) scene for the illegal broker schemes. Without the willful or grossly negligent involvement of these PSPs, the billions in fraud against small investors would not have been possible. These PSPs have the data needed to identify the perpetrators of the illegal broker schemes and their funds.
Ltd And UPayCard Moorwand
Moorwand Ltd, registered in the UK, is a financial services provider registered with the UK Financial Conduct Authority (FCA). The French citizen Alain Bazille is the director and until recently was also the controlling person behind the company. He is also the Director of UK registered UPC Consulting Ltd, a company associated with Moorwand Ltd.
We recently published our findings on the what we call the “Euro Wealth-Novox” scheme around Zoltan Korcsog, Floris Pieter Bartel Waals and friends.
According to the information available to us, the UPayCard was also involved as a PSP in the Bluetrading– and Markets-Trading-Scams as well as in the BeAlgo-Algotechs– and KayaFX-GammaTech Scams.
Negligence Or Intention
In view of the massive involvement of
Around the payment transactions of the
Request for Information
For further procedures and verification of investors’ claims against Moorwand Ltd and the UPayCard, please contact us for further information. These can be shared with our research team via the FinTelegram whistleblower system.