Urgent Warning Against The FinexTrader Broker Scam!

tamir
Wed, 31 Aug 2022 06:34:05 +0000
AMF, FMA, Illegal Broker Activities, Illegal Payment Services, ChargeMoney, FinexTrader, HighIsk, Latvian Racket

FinTelegram has already warned several times about the cybercrime organization we call Latvian Rack. This organization attacks consumers in Europe with its broker scams and boiler rooms via legal entities in the UK and other jurisdictions. One of these scams is FinexTrader, which was recently blacklisted by the French regulator AMF. We think that FinexTrader will soon disappear with the victims' money. Stay far away. Save yourself financial losses and the misuse of your data.

FinTelegram has already warned several times about the cybercrime organization we call Latvian Racket. This organization attacks consumers in Europe with its broker scams and boiler rooms via legal entities in the UK and other jurisdictions. One of these scams is FinexTrader, which was recently blacklisted by the French regulator AMF. We think that FinexTrader will soon disappear with the victims’ money. Stay far away. Save yourself financial losses and the misuse of your data.

Key Data

Trading name | FinexTrader
Related to | Latvian Racket

Related scams

XFINANCES, eXFINANCES, ZurichInvests,
INT International Traders, Intraders

Domain | https://finextrader.com
Legal entity | Finex Group Ltd
Jurisdiction | United Kingdom
Related individual | Aleksejs Kohanovs

Payment processors

ChargeMoney (https://charge.money)
HighIsk (https://highisk.com)

Authorization | No
Warnings | FMA, AMF

Short Narrative

FinexTrader is allegedly operated by Finex Group Ltd, which has already operated the now disappeared scams XFINANCES, eXFINANCES, and ZurichInvests. The Latvian Aleksejs Kohanovs is registered as the controlling person in the UK Companies Register. As payment processors, we have discovered ChargeMoney and HighIsk.

Companies House data show that the scam operator Finex Group Ltd has not filed its accounts due since May 2022. This is a sign that the scam will soon disappear.

Finex Group Ltd is a company from the cybercrime organization we call Latvian Racket. Several scams (which have since disappeared) have been run through this company. Finex Group has closely cooperated with the crypto payment processor Estonian Futurus X OÜ d/b/a MisterBit, which has also disappeared in the meantime.

Read more about the vanishes MisterBit here.

Share Information

If you have any information about FinexTrader, Finex Group, Latvian Racket, and the people involved, please let us know via our whistleblower system, Whistle42.