The Silent Acquisition Of FCA-Registered EMI Monetley By Mercuryo!
The acquisition of FCA-regulated e-money institution Monetley Ltd by Cyprus-registered MRCR Holdings Ltd has not been disclosed to the public. This MRCR Holdings is also the controlling entity behind the Russian-controlled crypto payment processor Mercuryo. The Russian national Grigory Vaysman acts as director of this Cypriot legal entity. Perhaps the FCA in…
Request 4 Information – Ukrainian crypto scam network around BitStarMarkets
On Trustpilot, the Ukrainian BitStarMarkets (www.bitstarmarkets.com) has a 2.2-star rating and a “poor” trust level. The website is currently down and seems to have disappeared. Quantbitex (www.quantbitex.com) is slightly better and has a 2.9-star rating and thus an “average” trust…
Italian Consob Orders The Black-Out Of Five Abusive Financial Websites!
On 2 February 2023, Italian regulator Consob announced that it ordered five abusive financial websites to black out. The total number of black-out orders increase to 825. Consob has been authorized by the so-called “Growth Decree” to order Internet connectivity…
Update On The Offshore Broker Activities Of FCA-Regulated Alchemy Markets!
In July 2022, the Spanish CNMV warned against the offshore broker Alchemy Markets, part of the Alchemy Group, which also includes the Vanuatu-based FXPIG and the FCA-regulated Alchemy Prime. As is frequently the case with these global broker schemes, the…
The Trade99 scam puzzle and its Estonian payment processor
The Trade99 broker scam was notorious and had the dubious honor of receiving warnings and cease and desist notices from regulators worldwide. We reported about it a year ago and didn’t know much about the background. Then came the InvestXE…
SEC wins another round in its fight against binary options perpetrators
The U.S. regulators, as well as the prosecutors, are still fighting against the consequences of the fraudulent binary options that were only banned by most countries in 2018. EZTrader was one of the big boys in the early binary options…
Money Flow Dirigent Moises Fernandez Barea Attempts To Set Up More Business in Switzerland
It certainly looks like a vast money laundering scheme! After the vanishing of his Singapore-based high-risk payment scheme Aexon and exposing the dodgy transactions of his Jade Management Co (known as Jade Capital UAE), Simnati Consulting Group SA, together with…
Mercuryo: Defamation and SLAPP Campaign Against FinTelegram Continues!
The defamation campaign of the Russian-controlled crypto payment processor Mercuryo against FinTelegram continues. In the summer of 2022, lawyers from Mercuryo had sent threats of legal action to FinTelegram, claiming that the reports were false. However, they were not. The…
Licensed Estonian scam-facilitator Woodstock and its payments network
We have recently discovered the licensed Estonian crypto payment processor Woodstock OÜ as a payment processor in the Trade Com scams network with ProfxCredit, FMA Crypto, Coinmond, GlobalSpotFX, Spotfinex, FXonspot, or TopEuroFX. These scams’ victims deposited money through Woodstock‘s bank…
Italian Watchdog Consob orders blackout of five illegal brokers
The Italian regulator Consob has blocked five websites of illegally operating financial service providers again this week. This brings the number of websites blocked since this regulation was introduced in July 2019 to 410. It should be noted that the…