It’s a high-quality Monday morning and throughout the plains of the Italian peninsula, the descendants of the nice Roman empire are awakening to seek out that their monetary regulator, Commissione Nazionale per le Società e la Borsa (CONSOB), has added a number of new corporations to its warning record of possible scams.
The three corporations listed by the Italian regulator present three of the merchandise greatest liked by scammers the world over – from St Vincent and the Grenadines to the Marshall Islands and from Ukraine to Vanuatu. I’m speaking, after all, about international alternate (FX), cryptocurrency and binary choices.
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The agency offering the latter merchandise, TorOption, seems to have already been taken down. Given binary choices corporations previous behaviour, it’s fairly unlikely that the agency wasn’t simply conning folks out of their money. As the corporate’s web site is down, nevertheless, it’s troublesome to find out what precisely they have been promoting and the place they have been pretending to be from.
Subsequent we have now FX ‘brokerage’ FXBreeze. Not like a lot of its unregulated brethren, this agency doesn’t even trouble to record a phoney deal with or pretend telephone quantity. Once more, that makes determining the place the corporate is situated troublesome however, if previous expertise is something to go by, it’s in all probability in some Kiev basement or Serbian suburb.
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CONSOB destroys the scammers
The agency claims that it affords FX companies however I can virtually assure that, in case you ever deposit any cash with the agency, you’ll by no means see one penny, cent or agorah of it ever once more. As one consumer on Belief Pilot put it;
“Rip-off! By no means approve a withdrawal request. Spoil your account by opening excessive threat positions. They add credit score that you haven’t authorized the phrases and circumstances to after which maintain you hostage due to that. Criminals in keeping with me.”
Final, however actually not least, we have now the cryptocurrency agency Togacoin. Anybody that’s ever seen a statue of that man Julius Caesar, or any of these different emperors that led the Roman empire, will know that Italians, not less than once they loved conquering a lot of the identified world, like to put on togas.
However to this set of Boudican eyes, Togacoin appear to be whole rubbish. A ineffective whitepaper, no data as to who owns the corporate and a set of critiques that counsel anybody who sank cash into the corporate’s coffers by no means noticed it once more would counsel that behind this toga lies, not the pristine physique of a professional cryptocurrency firm, however a bunch of scammers.
So if anybody from Togacoin comes a’ knockin’ in your door or a buzzin’ in your telephone line keep in mind to inform them, te futueo et caballum tuum – es scortum obscenus villis.