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Tag: PayCent

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.

March 1, 2022

Investor warning against EUFM broker scam

The Italian regulator Consob has recently issued a warning against the broker scam European Financial Markets a/k/a EUFM (https://eufm.eu). 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.

November 6, 2021

Attention! Fortexo broker scam still chasing victims

In May 2021, we issued our first warning against the Fortexo (www.fortexo.co) broker scam. In August, the German regulator BaFin announced investigations against the scam and its operator. To this day, we receive reports from victims who still fell for the scam because the aggressive boiler room agents kept calling. Many people often give in to these aggressive phone attacks and make a deposit. The money is then gone. Believe us! Stay away and protect your money and their ment

September 9, 2021

Marketing Alert! Bitcoin System promotes Fortexo scam

Today, the Bitcoin System fraud campaign refers us to the scam broker Fortexo (www.fortexo.co). As usual, after registering with Bitcoin System, we land directly in the scam's dashboard. There we find PayBox cashier (https://cashier.boxipay.io). No deposits were possible in our review today. Apparently, no payment processor is currently active. In May 2021, we issued a warning against Fortexo. In August, the German BaFin announced investigations against the scam and its operator.

July 19, 2021

German BaFin issued cease and desist order against FXTime

The German BaFin orders the scam to cease its unauthorized proprietary trading activities immediately. While no operator is provided on the website, we found in the Terms & Conditions that Estonian law applies. As payment processors behind the BoxiPay cashier, we have once again discovered PayNetEasy and PayCent. Deposits from victims are currently only possible via credit and debit cards. Do not fall for the scam.

June 22, 2021

Broker scam Cryptoneteasy promoted by Bitcoin Gemini fraud campaign

Only the sky is the limit when scammers and their facilitators play with brands, domains, and marketing campaigns. This afternoon we received an email in our spam folder promising us high profits within a few hours. The link in the email leads us to the Bitcoin Gemini (www.bitcoin-gemini.top) and Bitcoin Era scam campaigns on the myFinancemMonday website (https://myfinancemmonday.com/bitcoin-era-7). Upon registering, we are led to the broker scam Cryptoneteasy (www.cryptneteasy.com), among others.

June 15, 2021

Daily Marketing Alert – Fraud campaign BitQT promotes AlgofGain broker scam

We have issued a warning against the broker scam AlgofGain on May 18, 2021. Currently, the scam is promoted via fake news articles on the website https://yucosmos.com praising the fraudulent BitQT campaign on Best Invest News. They are attacking German-speaking consumers. The scam has built an extensive collection of supporting payment processors via its BoxiPay cashier. On Trustpilot, AlgofGain now has only a 2.8-star rating with a "Poor" trust level. Do not fall for BitQT and AlgofGain.

Illegal Broker Activities

May 31, 2021

Austrian regulator warns against FXTime broker scam

The Austrian Financial Market Authority (FMA) has issued an investor warning against the FXTime broker scam (www.fxtime.io). According to the FMA, the scam claims to operate in Austria. We found in the Terms & Conditions that Estonian law applies. As payment processors behind the BoxiPay cashier, we have once again discovered PayNetEasy and PayCent. Deposits from victims are currently only possible via credit and debit cards. Do not fall for the scam.

May 26, 2021

Daily Affiliate Warning – Boring fraud campaign BitQT promotes Fortexo broker scam

Today, the many spam emails lead us to once again the now well-known fake article that announces the next big startup after Google and Facebook and is supposed to make me rich in 7 days. The article is presented on LPONLINE. In the article once again (still?) BitQT is promoted. Clicking again takes you to the fraudulent BitQT campaign on Amazing Offers. Upon registering today, it goes to the broker scam Fortexo. Surprise, surprise!

May 21, 2021

BaFin issues another Cease and Desist Order against CapitalFX broker scam

The German BaFin has issued another Cease and Desist Order against EZ2GO Ltd this week. The company, registered in the Commonwealth of Dominica, was registered as the operator of the CapitalFX broker scam. The scam is active with the domains www.capitalfx.co and www.capital-fx.info. Also named as an operator is Aegion Group Ltd, registered in St. Vincent and the Grenadines. As payment processors, we have discovered PayNetEasy and PayCent behind the BoxiPay cashier (PayBox).

April 26, 2021

Fraudulent BitQT campaign chasing victims for Finexico scam facilitated by Paytechno et al

A new email in our junk folder from [email protected]. It leads us first again to the already well-known fake article on LPONLINE or TopOnTechBiz. From there, we move on to the fraudulent BitQT campaign on Amazing Offers and Bitcoin Revolution to the broker scam Finexico, which was until recently operated as Finexics and Finotive by Harmonte Group LLC, St. Vincent and the Grenadines, and SLN Development LTD in Cyprus. This network operates white label scams on the running bank. We have already reported about it.

April 3, 2021

Investor warning – The Oliver Briggs broker scam for dummies

Every day dozens of new scam brokers emerge hunting for victims. The COVID-19 pandemic, combined with the online investment boom, is the best breeding ground for cybercrime organizations to produce cheap fraudulent broker brands big style in their white-label assembly lines. One of these scams is the Oliver Briggs scam (www.oliverbriggs.com), allegedly operated by Seaview Solutions Ltd, Marshall Islands. Via the BoxiPay cashier, we have once again found PayCent to be a payment facilitator.