EFRI charges Payvision with scam facilitation claiming restitution payments
Scam facilitating payment processors are the key for scammers to defraud consumers. The European Funds Recovery Initiative (EFRI) has sent a letter of formal notice...
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The CySEC Scam Tourism – The lasting impact of 4XP legacy of the pre-binary forex era
Forex and online trading scams have been a pandemics even before binary options entered the state in or around 2009. From this pre-binary options period of forex schemes, we know the names of the Israeli perpetrators Yossi Herzog, Aviv Talmor, Stavro D'Amore, and the then-rookie Guy Galboiz. The 4XP forex scheme was a network of brands such as Forex Place, Forex TG, or FXTG or SkyFX which operated globally with dozens of different entities. It was the pre-CySEC time. In the binary options era, the successors of the 4XP scheme emigrated to Cyprus which became the preferred Israeli offshore destination.
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Investor Warning – The Israeli EZInvest, WGM Services, the SEC Penalty, a Bulgarian Connection, and the CySEC incompetency
For some time now, WGM Services Ltd, registered and licensed in Cyprus, has been offering CFDs to customers through the CySEC-approved domain www.ezinvest.com. The offering...