CySEC Compliance Issue – PlusMarkets, its offshore mutation, and Serbian boiler rooms
The CySEC-regulated investment firm UR Trade Fix Ltd operates PlusMarkets broker under the license number 282/15. Within the scope of this license, the company is authorized to operate the domain www.plusmarkets.eu within the EU or EEA only and must comply with the relevant regulatory requirements. But as most CySEC-regulated…
Request For Information – FSM Smart, Armin Ordodary, And Lau Global Services Corp
In the age of binary options and CFDs, vast global forex scam schemes emerged. Many of them started out between 2010 and 2012 with the peak time in or around 2015. It took lawmakers and regulators some time to identify…
Investor Warning – Illegal Broker FSM Smart With New Domain
A few weeks ago FinTelegram issued a request for information regarding the illegal broker platform FSM Smart (www.fsmsmart.com) and received interesting information. Shortly after the FinTelegram report and our queries, the operators have switched their domain. That’s the usual way…
Request For Information – FSM Smart And Armin Ordodary
At the beginning of March 2017, FinTelegram published a request for information concerning the broker scam FSM Smart and the operator Armin Ordodary. In fact, we did get some valuable information. We had communication with insiders and they assured us…
Binary Options Legacy – The still active FSM Smart Scam and the Lau Scheme with R Capital Connections
We have covered the scam operator Armin Ordodary, a Cyprus resident since 2018. In some reports, we have analyzed for example the FSM Scam with the Upmarkt Boiler Room in Belgrade, Serbia. In some conversations, WhatsApp and Telegram communications we…
Armin Ordodary – Funny copyright infringement claims against FinTelegram!
FinTelegram has already reported a few times that scammers often claim that FinTelegram has committed copyright infringement in the warnings and reports. For this purpose, the scammers take text elements and images from FinTelegram and post them backdated on some…
Update on Armin Ordodary and his desperate defense activities!
FinTelegram has recently brought a report about the notorious boiler room operator Armin Ordodary. His boiler rooms in Belgrade are facilitating huge scams and illegal activities of regulated brokers. Ordodary is a person of interest to various law enforcement agencies…
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…