A month ago, the Spanish regulator CNMV warned against the broker scam BBanc, allegedly operated by St. Vincent & The Grenadines registered Primis LLC (report here). On 8 Sept 2022, the UK FCA also warned against this offshore broker, as did the French AMF and the Canadian FCNB. Primis LLC was also the operator of the vanished FX Changer scam. This week the CNMV warned against Primis and its broker scam SpotInvest.
Key Data
| Trading names | SpotInvest BBanc FX-Changer |
| Domains | www.spotinvest.com www.bbanc.com https://fx-changer.com |
| Legal entity | Primis LLC est. Feb 2022 Spotinvest Inc. (fake) |
| Corporate agent | Euro-Caribbean Trustees Ltd |
| Jurisdictions | St. Vincent & The Grenadines Island of Moheli |
| Authorization | No, registered on the Island of Moheli as a brokerage firm |
| Payment options | Bank wire Crypto via credit card CoiniChanger (https://coini-changer.com) Crypto via credit card Mirhax (https://mirhax.com) Black Rabbit (https://brpay.io) |
| Warning | CNMV, FCA, FCNB, AMF |
Short narrative
Primis claims to be registered as a broker with the Mwali International Services Authority on the Island of Moheli. The website also states a Spotinvest Inc. is an operator. This is all smoke and mirror. These offshore entities are either fake or empty shell companies.
No broker scam can work without facilitating payment processors. In our BBanc review, we have discovered Coini-Changer, ChargeMoney, the Russian-Canadian Black Rabbit, a registered money services business (MSB), and the Lithuanian crypto payment processor and exchange operator Mirhax payment processor. The latter is registered with the Lithuanian FNTT (Financial Crime Investigation Service). SpotInvest does not list any payment options but informs the new registrants that the account manage (boiler room agent) will give them the payment data.
Share Information
If you have any information about the scam operator Primis LLC and their scams Spotinvest, FX Changer or BBanc, please let us know via our whistleblower system, Whistle42.
