Originally Syndicated on May 20, 2024 @ 10:04 am
Every day, ten more unwanted emails arrive from various fraudulent marketing campaigns that try to trick consumers into falling for investment and gambling scams, as well as using unlicensed sites for investing. The two phony bitfit and BitQT campaigns on Elect Offers (www.electoffers.com), which promise easy and quick money (well, they all do), can be found with a single email from [email protected]. After completing the necessary registration with the campaigns, we are directed to the payment pages of the broker scams, InvestBoost (www.investboost.cc) and WorldTradeCenter (https://worldtradecenter.forexclientcabinet.com). A few unlicensed payment processors were also found by us.
The only way to access InvestBoost and WorldTradeCenter is through a hidden login page. In today’s review, the World Trade Center fraud was not accessible. There was the InvestBoost fraud offered to potential victims. It accepts bank transfers, credit cards, and cryptocurrency payments using XPayz (www.xpayz.net) cashiers. The payments are processed via the https://app.cashir.live domain.
Illegal payment processors
Potential victims are expected to transfer money to the bank account of Dot Systems KFT, an illicit Hungarian payment processor, at Lithuanian Epayblock UAB. Nowadays, scammers frequently use Epayblock, which reportedly takes illicit payment processors like Dot Systems KFT. Based in Budapest, the Hungarian company is an IT firm that specialises in ERP software, according to its website, www.dot-systems.com. The website does not list any products, however Merelita UAB, a Lithuanian corporation, is mentioned as an example client. This business has ties to Epayblock and has surfaced as an illicit payment processor in multiple broker frauds.
Beware of XPayz
We found that victims deposited roughly BTC 6.3 in 180 transactions totaling around 180 transactions into the Bitcoin (BTC) wallet 37ddBPFibb7M3N8rc2ZKTFgjKCcYqEKWr7. This is almost equal to €270,000. It seems that enough people are still falling for these con games.
Avoid succumbing to these deceptive advertising techniques and con artists. We would appreciate it if you could provide us with any information you may have regarding these scam brokers and/or the people behind these marketing activities.
