The German regulator BaFin has announced investigations against the broker scam SimplexXP attacking German consumers. The content on the website justifies the assumption that SimpleXP is offering unauthorized banking transactions or financial services in Germany. The SimpleXP website is almost identical to the trading platforms under euaktien.de, euschild.de, wsxp.de, and kryptoinv.de, which are also operated without the required permission. It is, therefore, reasonable to conclude that the same cybercrime organization is operating these broker scams.
Key data
| Trading name | SimpleXP |
| Domain | https://simplexp.de |
| Legal entities | not disclosed |
| Related legal entities | Getgiftcard Limited UK Party Events Limited Schagerl GmbH |
| Related individuals | Joel Herzog Pinches Yoel Foigel |
| Jurisdiction | not disclosed |
| Authorization | No |
| Payment processor | TheeGateway (https://theegateway.com) Trustly (https://trustly.com), Rapyd (https://rapyd.net) payrexx (https://payrexx.com) UK Party Events Limited (UK) Getgiftcard Limited UK) Schagerl GmbH (Austria) sofort (www.sofort.com) |
| Related brands | EUAktien, EUSchild, WSXP, KryptoInv |
| Warning | BaFin |
The payment processor
FinTelegram already reported about the EUAktien scam and exposed its facilitating payment processors. Via the two payment processors Theegateway and Payrexx, deposits can be made using bank transfers, credit and debit cards, PayPal, Trustly, and other ways. UK registered UK Party Events Limited of Briton Joel Herzog receives funds from victims on his bank accounts for the EUAktien scammers and acts as part of the money laundering chain.
At SimpleXP we also exposed Rapyd and sofort (a Klarna brand) as facilitating payment processors. Moreover, we found the UK-registered Getgiftcard Limited as a sofort Merchant, receiving payments for SimpleXP. The company, established in May 2021, is controlled by the British citizen Pinches Yoel Foigel, born in 2001. Moreover, behind TheeGateway, we have also discovered the Austrian company Schagerl GmbH as an illegal payment processor for Paysafecard and credit card payments.
Share information
If you have any information about the operators of SimpleXP, EUShares, EUSchild, WSXP, KryptoInv, or ist facilitators, please let us know through our whistleblower system, Whistle42.
