A fresh day brings ten more unsolicited emails from different fraudulent marketing efforts that target people for gambling and investment scams as well as illicit investment platforms. A single email from [email protected] leads us to the two phoney bitfit and BitQT campaigns on Elect Offers (www.electoffers.com), promising quick and simple money (well, they all do). We are taken to the payment pages of the broker frauds WorldTradeCenter (https://worldtradecenter.forexclientcabinet.com) and InvestBoost (www.investboost.cc) after completing the requisite registration with the campaigns. We also discovered a few unlicensed payment processors.
The only way to access InvestBoost and WorldTradeCenter is through a hidden login page. In today’s review, the World Trade Center fraud was not accessible. There was the InvestBoost fraud offered to potential victims. It accepts bank transfers, credit cards, and cryptocurrency payments using XPayz (www.xpayz.net) cashiers. The payments are processed via the https://app.cashir.live domain.
Illegal payment processors
Potential victims are expected to transfer money to the bank account of Dot Systems KFT, an illicit Hungarian payment processor, at Lithuanian Epayblock UAB. Nowadays, scammers frequently use Epayblock, which reportedly takes illicit payment processors like Dot Systems KFT. Based in Budapest, the Hungarian company is an IT firm that specialises in ERP software, according to its website, http://www.dot-systems.com. The website does not list any products, however Merelita UAB, a Lithuanian corporation, is mentioned as an example client. This business has ties to Epayblock and has surfaced as an illicit payment processor in multiple broker frauds.
Beware of XPayz
We found that victims deposited roughly BTC 6.3 in 180 transactions totaling around 180 transactions into the Bitcoin (BTC) wallet 37ddBPFibb7M3N8rc2ZKTFgjKCcYqEKWr7. This is almost equal to €270,000. It seems that enough people are still falling for these con games.
Avoid succumbing to these deceptive advertising techniques and con artists. We would appreciate it if you could provide us with any information you may have regarding these scam brokers and/or the people behind these marketing activities.