Originally Syndicated on April 20, 2023 @ 4:30 am
Gennaro Lanza is a forex con artist who runs multiple swindling firms. His fraudulent firms mainly prey on EU and UK residents.
His ventures include the following:
-DBInvesting
-NewFX
-Dubai FXM
-Capital Solutions
-DBFX
All of them are part of his dubious approach to recruiting people to join illegal forex trading schemes.
Running a single illegal forex operation is one thing. Running a massive network of illegal, predatory frauds, on the other hand, is a completely different story.
Request for a Whistleblower: Please Tell Us About Gennaro Lanza’s DBX Consultants!
Gennaro Lanza, a boiler room veteran, is the founder and proprietor of the Dubai-based firm DBX Consultants (website). It offers advising services as well as the establishment of PSP merchant accounts, business bank accounts, and company incorporations. The company’s CEO, Gennaro Lanza, stated a few weeks ago that they will construct a branch in Cyprus to create a bridge to Dubai. Capital Solutions Ltd., a Maltese boiler room operator, is owned and run by Gennaro Lanza.
As the need to boost investments and sales rose, we realized that our significant experience gathered while working with some of Dubai’s largest enterprises could be used to explain the needs of the European market, beginning with Cyprus.
Gennaro Lanza, CEO of DBX Consultants
One of the services offered by the firm is multilevel banking account consulting across many jurisdictions. According to a press release issued by Gennaro Lanza, they would have built networks of banks and consultants, as well as critical partners in Lithuania and the United Kingdom, to arrange and manage bank accounts for businesses and individuals worldwide.
Gennaro Lanza has a busy calendar. In August 2022, he declared that he will relocate his real estate company, Karma Group, to Malta.
Whistleblower Request: Please Let Us Have Information About Gennaro Lanza’s DBX Consultants!
Gennaro Lanza, a boiler room veteran, is the founder and proprietor of the Dubai-based firm DBX Consultants (website). It offers advising services as well as the establishment of PSP merchant accounts, business bank accounts, and company incorporations. The company’s CEO, Gennaro Lanza, stated a few weeks ago that they will construct a branch in Cyprus to create a bridge to Dubai. Gennaro Lanza owns and runs Capital Solutions Ltd., a Maltese boiler room operator.
Introducing Boiler Room Operator!
Gennaro Lanza, a boiler room veteran, is the CEO of DBX Consultants (website), a Dubai-based organization that builds and provides merchant services. DBX Consultants offers financial advice, opens business bank accounts, incorporates businesses, and handles PSP merchant accounts. The company’s CEO, Gennaro Lanza, stated a few weeks ago that they will construct a branch in Cyprus to create a bridge to Dubai. Gennaro Lanza owns and runs Capital Solutions Ltd., a Maltese boiler room operator.
One of the services offered by the organization is multilayer banking account consulting across many jurisdictions. According to Gennaro Lanza’s press release, they would have developed networks of banks and consultants, as well as key partners in Lithuania and the United Kingdom, who would be able to create and administer bank accounts for enterprises and individuals around the world.
Gennaro Lanza has a busy calendar. In August 2022, he declared that he will relocate his real estate company, Karma Group, to Malta.
Offshore Brokers NewFX, DBInvesting, and DBFX Have Stopped Targeting EEA Customers!
The boiler room operations and associated offshore brokers like NewFX, Dubai FXM, DBFX, and DBinvesting are owned by the Italian Gennaro Lanza. Customers from Europe may no longer access the NewFX and DBFX websites, and DBInvesting no longer accepts EU and UK clients.
European visitors to the NewFX and DBFX websites are informed that access is restricted. While the DBinvesting website is still accessible to European visitors, European residents are no longer able to register. That is fantastic news for the majority of European consumers. Registration is still feasible for European residents living outside the EEA territory, such as Serbia, Montenegro, and Albania.
Key Data
| Brands | NewFX,Dubai FXM, DubaiFXM Trade (offline),DBinvesting,DBFX, DBFX Trades, |
| Boiler Room | Capital Solutions Ltd, Malta |
| Domains | www.capitalsolutions.mt (boiler room)https://newfx.trading, https://newfx.co, www.newfx.uswww.dbinvesting.com,https://dbfx.tradewww.dubaifx.com (offline) |
| Connected individuals | Gennaro Lanza (LinkedIn),Massimiliano Moroni,Italo Mainolfi |
| Connected entities | Capital Solutions Ltd (Malta),Big Horizons Ltd (Seychelles)Big Horizons Ltd (Commonwealth of Dominica),New Forex Limited (Commonwealth of Dominica)Invest Group Global Ltd (Seychelles),Dupay LP (previously Dubai FXM LP in the UK),Dubai FXM Limited (Vanuatu),DBInvesting Limited (Vanuatu),DB Invest Limited (Seychelles)DBFX Limited (Vanuatu)Belight Capital Group Ltd (Cyprus) |
| Regulatory actions | warnings of CNMV and Consob,Belight Capital Group (license revoked by CySEC) |
| Jurisdictions | Malta, Cyprus, United Kingdom,Commonwealth of Dominica, Vanuatu, Seychelles, |
According to the most recent Similarweb statistics, these offshore brokers appear to be attracting fewer visits.
Capital Solutions Ltd, situated in Malta, is Gennaro Lanza’s boiler room behind the brokers. Italo Mainofli and Massimiliano Moroni resigned as Capital Solutions directors at the end of 2020 and sold their interests to Invest Group Global Ltd, which is also registered in Seychelles.
Gennaro Lanza, the sole director of Capital Solutions, controls this offshore business. According to the Maltese corporate record, Invest Group Global Ltd owns 99.5% of the company. The remaining 0.05% is held by Alpin Sha, an Indian who also serves as the corporate secretary.
Capital Solutions, a Maltese boiler room operator, and its extensive broker network!
FinTelegram has published multiple reports on the Maltese boiler room operator Capital Solutions Ltd in recent months. We received further information from whistleblowers and partners quite fast. After his Italian co-founders Massimiliano Moroni and Italo Mainolfi sold him their interests, the only remaining beneficial owner is the Italian Gennaro Lanza. Lanza has connections with various offshore brokers, including Dubai FXM, NewFX, and DB Investing. He appears to be running a large illicit financial company in Malta.
The Capital Solutions owner
Italo Mainolfi, Massimiliano Moroni, and Gennaro Lanza, the initial stockholders, owned their shares in Capital Solutions Ltd through Big Horizons Ltd, which was registered in Seychelles.
Mainofli and Moroni resigned as Capital Solutions directors at the end of 2020 and sold their interests to Invest Group Global Ltd, which is also registered in Seychelles. Gennaro Lanza, the sole director of Capital Solutions, controls this offshore business. According to the Maltese corporate registration, Invest Group Global Ltd presently owns 99.5% of the company’s shares. The remaining 0.05% is held by Alpin Sha, an Indian who also serves as the corporate secretary.
Offshore and Fraud Brokers
Gennaro Lanza is the proprietor of Big Horizons Ltd, the former shareholding company of Capital Solutions Ltd. Big Horizons Ltd is also the owner and trademark holder of the unlicensed offshore broker NewFX (www.newfx.co). The latter is additionally listed as CEO at DB Invest Ltd, which holds an FSA Seychelles license. The owner of the website dbinvesting.com, an offshore broker, is this.
Up until its closure in February 2020, Dupay LP (previously Dubai FXM LP), a business network associated with the now-defunct Dubai FXM scams (www.dubaifxm.com), was controlled by Gennaro Lanza as well. The registered partners of this UK firm have been DIFC Dubai FXM Limited and Dubai FXM Limited, both of which are registered in Vanuatu and are governed by the VFSC.
The Italian regulator Consob ordered the blackout of Dubai FXM’s websites in March 2020, and the Spanish CNMV issued a warning against Dubai FXM domains in April 2019. The offshore broker disappeared shortly after that.
Cyprus’s involvement
The businesses and interests of Gennaro Lanza extend beyond Malta. He also works for DIFC Limited in Cyprus and was a part of the Belight Capital Group Ltd, an investment company that was subject to CySEC regulation up to 2021.
Up until the end of 2020, DBinvesting Limited, an offshore affiliate of the Belight Capital Group Ltd., which was then subject to CySEC regulation, ran Gennaro Lanza‘s DB investment. The CySEC-regulated investment firm’s additional offshore broker, DBFX Trades (www.dbfxtrades.com), was warned against by the Spanish regulator CNMV in July 2020.
ZP Services Ltd brought a lawsuit against Gennaro Lanza for allegedly leaving the company early, and taking employees and clients with him to Capital Solutions Ltd. They are still fighting. Another court hearing is scheduled for December 2021.
Activities of the Axi Group as an offshore broker with NewFX, DBFX, and others!
Axi Group Association
Axi Financial Services (UK) Ltd, trading as One Financial Markets, which is regulated by the FCA, is linked to NewFX, DBFX, and other offshore schemes. In reality, the offshore schemes are only conceivable as Introducing Brokers (IB) under the One Financial Markets program. All data from One Financial Markets servers, including NewFX, DBFX, and others, will be downloaded.
When customers from the UK and EU access the NewFX, DBinvesting, and DBFX websites, they are advised by a pop-up that ESMA intention measures are not used. They would be in charge of finding a reliable broker.
Payment methods accepted include credit and debit cards, bank transfers, Jeton, FasaPay, Paysafe Card, and cryptocurrencies.
No Authorization
In the EU, these foreign brokers are not allowed to solicit customers or provide regulated financial services. Furthermore, new client onboarding is done incorrectly in terms of KYC/AML. Customers can make their initial deposits without revealing their names. As a result, the three offshore brokers are breaking FCA and ESMA rules.
In the Boiler Rooms
Despite the use of offshore organizations, the brokers conduct business through offices in EU countries. In NewFX emails, for example, there is a Cyprus phone number for help. Gennaro Lanza runs Capital Solutions Ltd., a Cyprus-based company that is headquartered behind the brokers.
In exchange for their resignations as Capital Solutions directors, Italo Mainofli and Massimiliano Moroni sold their interests to Invest Group Global Ltd, a Seychelles-registered firm, at the end of 2020.
This offshore business is led by Gennaro Lanza, who also acts as the sole director of Capital Solutions. Invest Group Global Ltd holds 99.5% of the stock, according to Maltese company records. The remaining 0.05% is owned by Alpin Sha, an Indian who serves as both the corporate secretary and a shareholder.
R4I – Tell us more about Capital Solutions, the Maltese boiler room owner.
Recent reports have focused on boiler rooms and their operators around the world. In reality, these are the true perpetrators of fraud and illegal cyberfinance activities. Some of the larger boiler room businesses are based in Malta, which is located in the heart of the EU.
Capital Solutions (www.capitalsolutions.mt) is also recommended by informants. This boiler room operator, among other things, has been operating the bogus brands NewFX and DBFX, also known as DBFX Trades.
Capital Solutions Ltd, like all boiler room operators, portrays itself as a marketing firm, a business process outsourcer, and a call center provider. Recently, the company has been looking for sales conversion agents who speak Italian and Swedish on Facebook. The boiler room operator appears to have made building a Swedish team a strategic priority.
Capital Solutions is looking for Swedish-speaking conversion specialists.
Capital Solutions has 11 employees on its LinkedIn page. Gennaro Lanza, an Italian, is the CEO of Capital Solutions Ltd in Malta and a director of DBX Consultants in Dubai and DIFC Limited in Cyprus. Until December 2016, Gennaro Lanza worked as a senior account manager for ZP Services Ltd. The globe really is little.
Gennaro Lanza, who was born in July 1983, is also no stranger to the world of FX fraud. Up until its dissolution in February 2020, he was the controlling individual of UK-registered Dupay LP (previously DUBAI FXM LP), which had partners DUBAI FXM Limited and DIFC Dubai FXM Limited.
Summary
Given the foregoing information, it is apparent that Gennaro Lanza is a dangerous criminal in charge of a substantial unlawful organization.
You must exercise extreme caution around him.
Many forex scammers utilize front companies to launder money and defraud customers. For example, Infinox Capital created a shell company situated in the Bahamas to steal millions from its clients.
