Over the last couple of months, FinTelegram has been working with authorities and the Organized Crime and Corruption Report Project (OCCRP) to fight the illegal brokerage scene that has
Illegal German Payment Services Providers
In the context of these illegal broker schemes, a vast network of illegal (unauthorized) payment service providers (PSP) has been uncovered through which dozens of millions of dollars have been stolen from retail investors around the world. Those unauthorized payment services providers are part of the criminal broker organizations around the illegal broker schemes and facilitate the fraud.
In the course of the investigations by FinTelegram and the authorities, it was established that especially German companies play an important role in the fraud of illegal brokerage schemes. The operators of the illegal broker schemes such as E&G Bulgaria or Uwe Lenhoff and their co-conspirators have, among other things, set up a network of German bogus companies through which funds are systematically received, laundered and forwarded to the operators of the broker schemes or their offshore accounts.
|Unauthorized PSP||Directors||Bank Name|
|SecurityPort GmbH||Ivars Fomins||Post Bank Cologne|
|ION & Maga Consulting GmbH||Ion Maga||Postbank Nuernberg|
|StronIT GmbH||Jevgenijs Bogdanovs||Postbank Berlin, DB Privat- und Firmenkundenbank|
|TrustSecure GmbH||Serghei Grodetchi||Postbank Cologne|
|P2P GmbH||Igor Tschernych||Bunq B.V.|
|B2G GmbH||Oleg Shvartsman, Rainer Treuer||Sparkasse Koblenz, DB Privat- und Firmenkundenbank|
|Workplace Consulting GmbH||Maksims Celnokovs||Fidor Bank|
|FinTechServices GmBH||Andis Petersons||Grenke Bank|
|IntellEstate Bau GmbH||Yuliia Ivantsiv||Postbank Cologne|
Customers of illegal broker sites such as Blue Trading, XTraderFX, SafeMarkets, Option888 or TradoVest (to name just a few) are requested to make their bank transfers to the bank accounts of these German companies. They then pass the money on to the bank accounts of the operators of these illegal broker schemes after deducting bold commissions.
The German authorities are now aware of this and are investigating it. In December 2018, for example, the German financial market supervisory authority BaFin requested the Cologne-based StronIT GmbH to discontinue its illegal payment transaction services in connection with Blue Trading.
A particular focus of the illegal payment service providers
B2G GmbH in Cologne
In addition to StronIT GmbH, which has already been identified by BaFin as an unauthorized payment services provider, the B2G GmbH in Cologne is one of the largest illegal payment transaction service providers for illegal brokers. The company is managed by the German Rainer Treuer (here LinkedIn profile) and the Russian Oleg Shvartsman. The latter is allegedly a former Russian spy and a sort of very strange guy – read this article in the New York Times for example.
According to a slideshare presentation shared via LinkedIn, B2G GmbH acts as a financial advisor and helps companies to make money. It is said that B2G GmbH has brokered 300 companies in its network and more than EUR 790 million. The question is how much of these 790 million was raised for these illegal broker schemes like Blue Trading.
In addition to B2G GmbH, a P2P GmbH, which is also located in Cologne, also stands out as an illegal payment service provider. P2P GmbH collects investors’ money via bank accounts in Germany and the Netherlands and transfers it to illegal brokers.
In addition to the illegal German payment service providers, we have also drawn the attention of some companies and persons associated with the UK and Estonia, such as the Vilardes Group Ltd around the Estonian Kirill Agranovsky. Together with his mother Elvira Aganovskaya. Kirill Agranovsky (aka Kiril Paksjutov) runs companies in the UK and Estonia. A detailed report on this group of illegal payment service providers will be published shortly after further research.
File Claims And Information With EFRI
If you are a Blue Trading investor and/or you have information on this illegal broker and its partner Onyx Capital and/or the people behind the scheme we would be more than happy to receive your claim and/or information via our EFRI Campaign site: