We would like to thank our whistleblowers for their continued support and dedication. It is them that actually bring life to our investor protection mission. Recently, one of our whistleblowers got in contact with the WorldMarkets (aka World Markets) scheme and asked a number of questions. One of the questions was who the responsible people behind WorldMarkets would be. The answer was that a certain Tim Armstrong would be responsible for the business as Vice President. In fact, a link to a corresponding LinkedIn profile was also submitted.
Monthly Archives: May 2020
WorldMarkets Scam Update – Polish Crypto Payment Processor Net Kantor freezes account and launches investigations
A few days ago, FinTelegram reported another bank account connection of the huge WorldMarkets Scam. Specifically, it was about an account of the Polish Net Kantor at the Polish BNP Paribas. Now we were contacted by the Net Kantor people. In the statement to FinTelegram News Net Kantor states that they would be a serious and licensed crypto payment processor. The account (Reference/Note: 1059) mentioned in the article would have been frozen immediately and investigations would now be carried out against the respective customer.
The European Funds Recovery Initiative (EFRI) was founded in November 2018 by FinTelegram Investors Protection Ltd (“FinTelegram”) together with auditors and lawyers. The original EFRI mission was to provide support to scam victims in recovering their losses. The former EY partner Elfriede Sixt was appointed as EFRI Principal. As an auditor and Certified Public Accountant, she has focused on FinTechs and is also an expert in forensic analyses in the field of accounting. Since its inception the EFRI mission has evolved along with the acquired information on victims, scams, and their perpetrators. Today, we are proud to announce the launch of EFRI NGO, a victim-driven vehicle to recover funds and fight cybercrime.