Friday, September 20, 2024

FCA warns against PumaTS scam RoyalStox!

Spread financial intelligence

The UK regulator FCA has issued an investor warning against the scam broker RoyalStox (www.royalstox.com). Marom Partners Limited operates this in St. Vincent and the Grenadines. The scam is part of the PumaTS network and connected to their Activ8 trading servers. It’s another full-blown scam without any special features. The scam works with the payment processor QubePay for crypto payments, which is integrated into the scheme’s PayBox.

The payment platform QubePay (www.qubepay.com), which has been in operation since 2016, is operated by Qubic Financial Services Ltd, which is registered in Dublin, Ireland, with Company Number: 595296. The only appointed director is the Brit Soneya Khan. The Irish entity has the UK subsidiary QubePay Limited which runs the crypto payment platform www.qubepay.co.uk. The QubePay group of companies is controlled by the UK-registered Compose Finance Ltd (Companies House) controlled by the Swedish financial and security export Jacob Felix Parker-Bowles (see his website).