The Spanish regulator CNMV has issued a warning concerning the broker fraud ITGSolution. The operator is allegedly Dev Global LLC, a corporation registered in St. Vincent & The Grenadines that was founded in August 2021. The scam’s payment processors are PraxisPay, which accepts credit and debit cards, BP Wallet, and Jeton. The con has been running since January 2023, mostly targeting victims in Canada and Europe. Stay away and protect your financial stability.
ITGSolution: Key Data
| Trading name | ITGSolution |
| Activity | Scam broker scheme |
| Domain | https://itgsolution.net |
| Legal entity | Dev Global LLC (est Aug 2021) |
| Corporate agents | Euro-Caribbean Trustees Ltd |
| Jurisdiction | St. Vincent & The Grenadines |
| Payment options | Credit/debit card, bank wire |
| Payment facilitators | Praxis (cashier)PraxisPay, BP Wallet, Jeton |
| Authorization | No |
| Compliance rating | Black |
| Warning | CNMV |
More scammers like ITGSolution
Let’s have a look at some of the scams similar to these guys:
Alert! Federalinter is an MFSA-licensed clone of Ferratum Bank’s online banking!
The Federal Inter plc firm, which claims to be regulated and has been warned by the Malta Financial Services Authority (MFSA), is a forgery. The clone’s website deceives the public by impersonating Ferratum Bank plc, a credit firm licensed by the MFSA. According to the MFSA, Federal Inter is not a Maltese-registered business and is not licensed to provide any financial services in or out of Malta. The con is targeted toward consumers in eight different languages, including English, French, Spanish, German, Italian, and Swedish.
The Maltese regulator further claimed that the website www.federalinter-groupe.com is NOT associated with Ferratum Bank plc and looks to be a forgery of the website of the legitimate MFSA-regulated firm. As a result, the general public is cautioned not to do business or conduct transactions with the fictitious firm.
Key Data
| Trading name | Federal Inter plc |
| Domain | https://www.federalinter-groupe.com |
| Clone of | Ferratum Bank plc |
| Jurisdiction | Malta |
| Warning | MFSA |
Story of a scam
The badly executed Federal Inter clone only seeks to steal the personal information of potential customers. After registering, one is requested to upload copies of their ID cards and utility bills in order to open a bank account.
To begin, they want your data since it allows scammers to utilize, exploit, or sell it. Scammers regularly use stolen customer data to register on cryptocurrency sites or become clients of payment processors. Avoid the region and protect your data from loss and illegal access. Save yourself a lot of time, trouble, and money.
Attention! Do Not Fall For The InsiderMark Broker Scam, which is facilitated by fraudulent cryptocurrency campaigns!
Google is still promoting fraudulent cryptocurrency initiatives like Bit IQ. Scammers utilize bogus celebrity news pieces to promote Bit IQ, YuanPay, and other fraudulent cryptocurrency schemes as a safe method to get rich quickly. These fraud activities are also targeting potential victims of the broker scam InsiderMark. Anyone who registers with Bit IQ is immediately sent to the payment page for InsiderMark. Stay away and safeguard your financial health.
Key Data
| Trading name | InsiderMark |
| Activity | Scam broker scheme |
| Domain | www.insidermark.comwww.insider-mark.comwww.insidermark.net |
| Legal entity | not disclosed |
| Jurisdiction | St. Vincent & The Grenadines |
| Contact data | [email protected] |
| Payment options | Credit/debit card, crypto |
| Payment facilitators | not disclosed |
| Authorization | No |
Some of the reviews from people on ITGSolution speaking the reality of ITGSolution
Let’s have a look at what people have to say about this scam:
In one of the reviews, one of the clients named TEA Jerome of ITGSolution mentions that this ITGSolution is nothing but a scam and is ruled by a mafia. TEA says that Itgsolution.net is thirsty for money. Nobody on the planet is as cruel as them; after they have robbed you of your hard-earned money, they become as silent as fish.
You will be sorry if you let them into your finances. He says he is a bystander. He mentions that ITGSolution will almost definitely respond to his reviews to inform people that what he writes is false, but he asks people to wait till people invest in ITGSolution themself. Tea mentions that after he invested 180 Euros, one of them contacted him to ask for more money, 1000 Euros, to improve his perks, which he, of course, declined. He asks people that wait until they receive a refund or withdraw a portion of their profit. The devil himself is nicer than these thugs.
In the other reviews by Suraj Khatiawada, he mentions about ITGSolution they are a fraud as he is trying to withdraw his money but ITGSolution has been ignoring his calls. He further asks people to beware of them!
Let’s have a look at some other reviews:
In one of the reviews by Elly, she says that ITGSolution persuaded her to add up €6000, and in the end, she made a profit and was unable to withdraw. Antitime. tech bak her everything in no time.
People usually call ITGSolution a scam. A review submitted by Paco Haro mentions that ITGSolution is a scammer and a con artist. Paco’s partner has also invested, and they would not allow him to withdraw or shut the account. Further, he asks people not to invest in ITGSolution by mentioning “INVEST IN NO WAY” in capital letters.
In pouring out her pain in the review Mariam, one of the clients of ITGSolution ask people not to get fooled by this thief and not to invest in ITGSolution as they are con artists. First, they allow you to withdraw a tiny amount of money while relentlessly urging you to invest more. They disregard you when you state that you will no longer invest. They cease phoning and do not respond to your emails. They do not withdraw your capital when you desire to do so. They abandon you, and a portion of your revenues vanish. She has not received her money since January 2023. Please report them. She is now working on it.
Fake DMCA Case by ITGSolution
ITGSolution has used fake DMCA to hide their true picture of being fraudsters. They use DMCA as a shield to protect themselves from being caught in the eye of the public.
What exactly is a DMCA case forgery?
Have discovered notices that use the “back-dated article” strategy. The inaccurate notification sender (or copier) makes a copy of a “true original” article and backdates it, resulting in a “fake original” article (a copy of the genuine original) that appears to have been published before the true original at first glance.
The copyists then send a DMCA to the appropriate web service providers, alleging that the copied or “infringing” piece is the real original and that the duplicated article is the “original,” and requesting that the true original article be removed. Following the DMCA request, the individual who gave the false notice removes the fraudulent original URL, most likely to guarantee that the article is no longer accessible online. If the takedown notice is successful, information that is likely to be legitimate speech will be deleted from the internet.
Before we continue, please keep the following points in mind as you scroll down and read the rest of the investigation:
The original article was officially published on a website.
As seen by the Lumen Database data (mentioned above) and the Google Transparency Reports, the DMCAs were plainly filed by an imposter.
Fake DMCA blogs:
Conclusion
Securities fraud, also known as stock fraud or investment fraud, is a misleading technique in the stock or commodities markets that leads to investors making purchases or sales based on incorrect information.
Some examples are
Promissory Notes.
Ponzi/Pyramid Schemes.
Real Estate Investments.
Cryptocurrency-Related Investments.
Social Media/Internet Investment Fraud.
Let’s have a look at some important guidelines on how to protect ourselves from getting becoming the victim of investment fraud.
- Ask Questions – Fraudsters rely on your failure to conduct due diligence before investing. Avoid them by completing your own research.
- Research before you invest– Unsolicited emails, message board postings, and company news releases should never be used to make investment choices on their own. Before investing, learn about a company’s operations and its products or services.
- Know the salesperson- Before you invest, investigate the individual advertising the investment, especially if you already know the person socially. Check to see if the securities salesmen who contact you are licensed to offer securities in your state and if they or their firms have had any run-ins with regulators or other investors.
- Be wary of unsolicited offers- Be extra cautious if you receive an unsolicited pitch to invest in a firm or see it praised online but are unable to locate current financial information about it from reliable sources.
- Protect yourself online- Online and social marketing sites offer a wealth of opportunities for fraudsters.
- Know what to look for Make yourself knowledgeable about different types of fraud and red flags that may signal investment fraud.
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