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…
Investor Warning – Russian Umarkets broker scam facilitated by Epayblock and Exactly
Update Nov 3, 2020: we have been informed that Prometheus is the operator of Umarkets, LimeFX, and some other broker scams. All of them use the Xcritical trading platform. The huge Russian Umarkets broker scam with the associated domains www.umarkets.com,…
Investor Warning Against Alchemy Markets Broker Scheme
Spanish CNMV issued a warning against the offshore broker Alchemy Markets, part of the Alchemy Group, which also includes the UK Financial Conduct Authority (FCA) regulated Alchemy Prime. As is frequently the case with these global broker schemes, the same…
Introducing Venture Capital Firm Target Global And Its Russian Connections!
The well-known venture capital firm Target Global (website) was founded in 2012 by Alexander Frolov Jr, son of the Russian oligarch Alexander Frolov Sr. Originally set up and operated in Moscow, the group reportedly has over $3 billion in assets…
German Handelsblatt published a new report on Wirecard and the EFRI money-laundering complaint
Felix Holtermann and Christian Schnell of the German Handelsblatt reported on the money-laundering report filed against Wirecard by the European Funds Recovery Initiative (EFRI). In a detailed article titled “The past catches up with Wirecard” the background of the global…
European law enforcement action crushed Tradorax, KayaFX, and LibraMarkets scam network
The German law enforcement team in Koblenz, together with Europol and Eurojust and the support of their fellow agencies in Spain, Bulgaria, and Israel, evidently crushed the cybercrime network related to Tradorax, KayaFX, and LibraMarkets. Europol reported the action but…
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…