Tag: Parogan

Serbian boiler room operator Parogan goes out of businessS
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November 28, 2021

Surprise, surprise! Notorious Serbian boiler room operator Parogan in liquidation!

The boiler room scene in Belgrade, the so-called Manhattan of the Balkans, is still vibrant. One of the largest and most notorious boiler room operators is Parogan DOO (www.parogan.com), owned by the Cyprus citizen Nikos Andreou, and managed by the former lawyer and Serbian citizen Max-Sebastian Winterfeldt. Nikos Andreou is also the only shareholder of Olympus Prime DOO, another boiler room operator in Belgrade. While the latter is still active, Parogan DOO is in liquidation.
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Belgrade Boiler Rooms Parogan Olympus Prime and AsgardC
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August 31, 2021

Cyprus Boiler Rooms in Belgrade II – Parogan, Olympus Prime, and Asgard

Israeli online entrepreneurs have annexed two cities in Europe - Limassol and Belgrade. The boiler room scene in Belgrade, the Manhattan of the Balkans, is still vibrant. We started our series with perhaps the most notorious boiler room operator in Belgrade, the Cyprus resident Armin Ordodary. With his Bizserve DOO, he runs a boiler room whose agents attack customers in Europe with various scams. Cypriot Nikos Andreou is also active in Belgrade through his boiler rooms Parogan and Olympus Prime. As is Pantelakis Kyriakou. But let's properly unfold the story.
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Armin Ordodary and his network of Cyprus and Serbian companiesC
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August 30, 2021

Cyprus boiler rooms in Belgrade I – Notorious Armin Ordodary and his Bizserve

Belgrade was the center of the Israeli boiler rooms behind the gigantic binary options scam industry. Belgrade was literally flooded with money from the Israelis. They called it the Manhatten on the Balkans. Boiler rooms offered attractive jobs to well-educated young Belgraders. After the binary options ban in 2018 and the arrest of Israeli Gal Barak, it looked like the boiler rooms would lose importance in Belgrade. Wrong thought. Notorious boiler room operators like the Cyprus resident Armin Ordodary are still active as are boiler rooms of CySEC-regulated investment firms such as ForTrade.
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