Lately, we reported that the German BaFin has announced investigations against the scam broker Soloprime (https://soloprime.co) attacking consumers in English, Italian, and German. The Austrian FMA issued another warning against the scam. The website does not provide information about the operators or the competent jurisdiction. However, we are sure that the Cypriot-Israeli high-risk payment processor BridgerPay of Ran Cohen has this information. The VISA merchant service provider facilitated the scam with API and card processing services until recently.
Key data
| Trading name | Soloprime |
| Domain | https://soloprime.co |
| Legal entity | not yet known |
| Jurisdiction | not yet known |
| Payment processors | BridgerPay (working) Texcent (not working) Finanic (working via https://sand.cheap) |
| Warnings | BaFin, FMA |
The scam narrative
There is actually no narrative to Soloprime. It is a typical white-label broker scam from one of the numerous scam factories. As usual, there are no social media accounts (the links on the website do not work), but there is AnyDesk so that the boiler room employees can access the PC of the potential victims. Stay far away and save yourself from losing your money and having your data stolen and misused.
BaFin and FMA found that the information and documents available to the regulators justify the assumption that Soloprime is unauthorizedly offering banking transactions or financial services in Germany. As always, a lovely choice of words by the regulator.
Share information
If you have any information about Soloprime or its facilitating partners, please share it with us through your whistleblower system, Whistle42.
