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.
Austrian Regulator FMA issued warning against broker scam Wealth Capital and Estonian operator Astra Consulting
Investor Warning – Unauthorized payment processor TEC Bauservice und Handels GmbH and WorldMarkets Scam
German BaFin issues cease and desist order against unauthorized payment processor P & B Modern Management
The European Funds Recovery Initiative (EFRI), co-founded by FinTelegram, is specialized in the recovery of funds of investors who have been defrauded by investment scams. Furthermore, EFRI sees itself as an advocate for investors and investor protection. Currently, EFRI has been granted a Power of Attorney by more than 800 victims which have been defrauded of more than EUR 34 million. The approach applied by EFRI differs in several aspects from the activities of lawyers and other organizations in the recovery business. Also because EFRI is organized as an initiative and association of victims.
The Canadian regulator Ontario Securities Commission (OSC) has filed civil charges against the three Canadian-Israeli brothers David Cartu, Jonathan Cartu, and Joshua Cartu for illegally soliciting Canadians to trade binary options, defrauding Ontario residents out of $1.4 million, part of a $233 million global scheme. According to the report, the Cartu brothers immigrated to Israel from Ontario in the last decade.