Monthly Archives: March 2020

Corona Scam Warning – Boiler Rooms try to exploit pandemic panic!

Corona Scam Warning – Boiler Rooms try to exploit pandemic panic!

Home office work makes people even more accessible to scammers. We have received initial information from whistleblowers that boiler rooms in the Balkans are planning to use the Corona Pandemic and the resulting insecurity of people to increase attacks on investors. We therefore strongly recommend increased caution.

BeAlgo & AlgoTechs broker scam – EFRI registers victims for European law enforcement investigations

BeAlgo & AlgoTechs broker scam – EFRI registers victims for European law enforcement investigations

In many jurisdictions, the authorities are currently investigating the fraudulent binary options & broker scams. The mills of justice are known to grind slowly but they grind. In addition, FinTelegram and the European Funds Recovery Initiative (EFRI), which we co-founded, ensure that the authorities continue their investigations and receive useful information. This was also the case with the huge BeAlgo and AlgoTechs broker scams. This scam has cheated thousands of small investors out of many millions.

Cointeck Broker Scam vanished into the dark web

Cointeck Broker Scam vanished into the dark web

Cointeck (www.cointeck.io) was an illegal and fraudulent FOREX broker platform focused exclusively on cryptocurrencies. This way the perpetrators no longer needed bank accounts for payment processing and could hide even more easily in the dark of the web. However, you could buy Bitcoins via the Crypto-Exchange Bitsale (www.bitsale.com). The crypto exchange is operated by Bitsale Ltd, which is registered in Cyprus.

UK Solicitor and FinTech Guru Robert Courtneidge accused of faciliting investment fraud

UK Solicitor and FinTech Guru Robert Courtneidge accused of faciliting investment fraud

The UK citizen Robert Courtneidge is for sure a hard working guy. As reported by FinTelegram, he not only acts as director in various FinTechs and regulated e-money institutions such as Moorwand Ltd, but also bills himself as FinTech Guru and event speaker. Unfortunately, he also facilitates broker and investment scams with his legal opinions and advice. Courtneidge resigned as a director of FCA-regulated ePayments Systems Ltd in February 2020 in the course of the FCA investigations (read FinTelegram Report here). In Australia, Courtneidge is accused in a huge investment scam of 240 investors of knowingly and willfully issuing false confirmations. A new Court judgement was issued on March 3, 2020.

Another Fraud Case in Court – Fintech Guru Robert Courtneidge and Anabus Investment Scheme

Another Fraud Case in Court – Fintech Guru Robert Courtneidge and Anabus Investment Scheme

Robert Courtneidge is a busy and dangerous UK solicitor. He is not only a director in various FinTechs and regulated e-money institutions such as Moorwand Ltd, but also bills himself as FinTech Guru and speaker. Moreover, he facilitates broker and investment scams with his opinions and advice. Courtneidge resigned as a director of FCA-regulated ePayments Systems Ltd in February 2020 in the course of the FCA investigations (read FinTelegram Report here). In Australia, Courtneidge is accused in a huge investment scam of 240 investors of knowingly and willfully issuing false confirmations. A new Court judgement was issued on March 3, 2020.