We have warned against the Finotive broker scam (www.finotive.net) twice before. Following FinTelegram, the Austrian FMA issued an investor warning against it. VT Group Ltd in Cyprus allegedly operates the scam. We identified Harmonte Group LLC in St. Vincent and the Grenadines as a co-operator registered with PayTechno as a merchant. As a payment gateway, we again have PayBox (a/k/a BoxiPay) with PayTechno, PayCent, iPayTotal, and NeoBanq. Some scams die hard.
In our simulated deposit at the Finotive via PayTechno (www.paytechno.com), we discovered Harmonte Group LLC, registered in St. Vincent and the Grenadines, as the merchant behind the Finotive scam, which is also operating the Finexics scam. So, Finotive and Finexics (www.finexics.io and www.finexics.com) are part of the same scam network.
Slinqo Group Ltd, Cyprus, allegedly co-operates the Finexics scam with Harmonte Group. Bot scams are still online, and we are sure that both VT Group Ltd and Slinqo Group Ltd, allegedly based in Cyprus, are only fake companies and do not exist.
Financial market regulators had already issued warnings against Finexics in December 2020 (see this report here). Both scams are white-label solutions produced and operated by the very same factory. Behind both scams, the very same payment processors are involved – iPayTotal, PayNetEaysy, PayTechno, and NeoBanq.
If you have any information or experience with scams and/or payment processors, please let us know. We will make sure that these illegally operating payment processors and scams are uncovered.
