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Posts tagged as “KayaFX”

Investor Warning – German BaFin issued Cease and Desist Order against notorious Estonian-Israeli Scam Operator!

On 8 June 2020, the German regulator BaFin has issued a Cease and Desist Order against Estonian Yield Enterprise Currency Software OÜ and requested it to immediately stop the operation of the broker scam ProuFX (www.proufx.com). Until a few months ago this scam was called UProFX. A slight change of letters and a new scam starts, simple, isn't it?

German Handelsblatt published a new report on Wirecard and the EFRI money-laundering complaint

Felix Holtermann and Christian Schnell of the German Handelsblatt reported on the money-laundering report filed against Wirecard by the European Funds Recovery Initiative (EFRI). In a detailed article titled "The past catches up with Wirecard" the background of the global scam industry and the respective involvement of payment processors is explained.

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