Igor Korzuv and the Estonian crypto license factory Private Finance
The 27-year-old Estonian Igor Korzuv is a busy man. He is currently a board member of five crypto payment processors. His appointments are likely to have less to do with his experience as a financial manager or crypto professional than…
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…
Capitalix Update: The Offshore Broker’s Growth Continues Despite Scam Ratings!
Capitalix, an offshore broker operated by 4Square SY Ltd, holds a Security Dealer license issued by the FSA Seychelles. The payment agent for the offshore broker is 4Square (CY) Ltd, registered in Cyprus. Capitalix operates boiler rooms in Cyprus, Romania,…
Attention: Offshore Broker Alchemy Group
In 2022, the Spanish watchdog CNMV warned against the offshore broker Alchemy Markets, part of the Alchemy Group, including the Vanuatu-based FXPIG and the FCA-regulated Alchemy Prime. This global broker scheme uses the same brand and trading style across domains…
CryptoTraderOption – A Potential Crypto Scam project!
The recent surge in cryptocurrency prices, particularly Bitcoin, has attracted significant investor interest. However, this increased activity has also led to a proliferation of fraudulent schemes. The UK’s Financial Conduct Authority (FCA) has issued a warning against CryptoTraderOption (www.cryptotraderoption.com), a…