Press Releases from FinTelegram News (6 total)
Payvision Founder Rudolf Booker Attacks Investors Protection Organisation EFRI
Victims of binary options and forex broker schemes started to bring legal claims against ING subsidiary Payvision before the courts in different jurisdictions. They made their now lost deposits via the Dutch fintech, founded by Rudolf Booker. The victims, members of the European Fund Recovery Initiative (EFRI), claim that Payvision knowingly and intentionally facilitated these fraudulent broker schemes.
However, instead of dealing with these claims, Payvision and its founder and former…
Financial Cybercrime facilitated by Cryptocurrencies and Social Media Gold Mine …
FinTelegram has warned many times against fraud marketing campaigns chasing victims for their investment schemes on Google and social media platforms. Our research findings show that online attackers find victims for their investment schemes primarily through fraudulent crypto campaigns on Google and social media platforms. Cybercrime organizations combine the power of social media with the new capabilities of cryptocurrencies to build super-efficient cyber fraud machines.
Fraudulent crypto campaigns such as Bitcoin…
FinTelegram Exposed Vast Crypto Investment Scheme Attacking European Consumers
CyberFinance - Financial market regulators, most notably the UK FCA as well as the Spanish CNMV, have placed a strategic focus on the crypto segment in recent months. In the first weeks of 2022, dozens of warnings have already been issued against crypto trading and crypto investment schemes attacking European consumers. It is no exaggeration to say that we are in the middle of a global crypto fraud tsunami.
In its…
FinTelegram Warns Against Fake Crypto Review Platforms Chasing Consumers for Bro …
As a cyber financial intelligence and whistleblower platform, FinTelegram targets online fraud schemes and their facilitator. Digital marketing agencies are among essential fraud-facilitators. Scheme operators task them with chasing after victims deploying fraudulent marketing campaigns on Google and social media. Over the last couple of months, the number of warnings from financial market regulators such as the UK FCA or the Spanish CNMV against illegal crypto platforms has literally been…
FinTelegram Urges German Regulator to Take Action Against Fraudulent Google Ads
CyberFinance Regulation - Google, like Meta, has been massively criticized for making a lot of money from ads placed by fraudulent scheme operators. The UK Financial Conduct Authority (FCA) issued 1,200 warnings in 2020 about fraud schemes operating on Google and social media platforms. Consequently, in August 2021, Google UK & Ireland re-regulated the advertising of financial offers, allowing only FCA-regulated firms to advertise financial services, including crypto ads. However,…
Fraudulent Fund Recovery Schemes Attack Online Trading Victims
CyberFinance - It is a well-known fact that the permanent threat of online fraud schemes also characterizes the CyberFinance era. Especially in the online trading space, a vast fraud industry has developed over the last decade, operating mainly in the now-banned binary options, forex, CFD, and cryptocurrencies. Based on our information, we assume that more than 95% of the active online trading platforms are either operating illegally without regulatory permission…
