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Was Ugne Buraciene Involved in the Taurus21 Scam? (2024)

Porn sites xHamsterLive and StripChat have vanished from the top referral sites of German-Cypriot high-risk payment processor Payabl, according to Similarweb statistics, as reported by media. The new domain Taurus21.com, founded by the Payabl Group, is currently utilised to manage payments with consumers that engage in gambling and pornography. Payabl handles the payment traffic from its online gaming and porn businesses through Taurus21.com.

The Shady Payment Network of Ugnre Buraciene’s Company

For instance, APIs from CentroBill and Taurus21 route the payment to the Sofort payment website if customers of StripChat or xHamsterLive wish to purchase porn tokens using bank transfers via Sofort, a division of the Klarna Group. As a result, Payabl’s Similarweb statistics (previously PowerCash21) no longer display the payment traffic of these porn and gambling shops. The Payabl people are somehow drawn to the number 21.

Germany and Austria account for about 70% of Sofort’s porn token sales.

Dietmar Knoechelmann and Ruediger Trautmann, two former Wirecard executives, founded Payabl, which has taken over as the high-risk payment processor in Germany and the EU in place of the defunct Wirecard.

The Central Bank of Cyprus has granted the Payabl Group a Payment Institution License, under which it is operational. The firm also owns businesses in the UK and Germany.

In the early years, between 2007 and 2010, the Payabl founders Knoechelmann and Trautmann integrated the gaming industry into Wirecard through the sale of their own businesses. Following their departure from Wirecard, the two established PowerCash21 and Inatec, both of which carried on as satellite businesses within the Wirecard shadow structure. In recent years, PowerCash21 and Inatec merged to form the Payabl Group. The Group’s CEO is Ugnre Buraciene, a seasoned payment specialist from Lithuania.

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Armin Ordodary and the FSM Smart Fraud (2024)

Media released a request for information about the broker fraud FSM Smart and its operator, Armin Ordodary, at the beginning of March 2017. We did, in fact, learn some important facts. After speaking with insiders, we were given the assurance that Armin Ordodary would merely serve as a front for a bigger organization. Not long after we requested it, FSM Smart modified its domain. The fact that the Scam Broker is still active online is another reality. We must reiterate our request for information because this is intolerable.

Verified FSM Intelligence Regarding Armin Ordodary

Following the most recent call, we were informed that Armin Ordodary was the manager and founder of both the white-label broker platform provider NepCore and the SIAO Group. In the interim, both businesses have shut down their websites.

We have received confirmation that Armin Ordodary is a manager and shareholder of DOO, the upmarket Serbian company. This is purportedly a marketing firm that introduces fresh victims to broker scams, not a boiler room.

It has come to our attention that the Iranian-born resident of Cyprus and his businesses are merely a small component of a worldwide criminal network.

Information about the illicit broker scheme FSM Smart (www.fsmsmart.com) and its aggressive client acquisition strategy through Upmarkt d.o.o., a Serbian boiler room, was provided to the media by whistleblowers. Benrich Holdings Ltd., a company based in Cyprus, is the only shareholder in this boiler room. Armin Ordodary, a resident of Cyprus, is a director of both companies.

The Warnings to Investors About Armin Ordodary

Early in 2018, the illicit broker was introduced. Currently, investors are advised not to participate in the FSM Smart scheme (www.fsmsmart.com and http://www.fsmsmarts.com).

The UK Financial Conduct Authority (FCA) warned investors against the plan in March of 2019.

August 2018: A warning was released by the Financial Markets Authority (FMA) of New Zealand;

October 2018: A warning was issued by FINMA, Switzerland’s financial market supervisory authority;

In November 2018, the Manitoba-based Canadian watchdog, MSC, issued a warning to investors about FSM Smart.

According to reports, the FSM Smart contact address is Hertensteinstrasse 51, 6004 Luzern in Switzerland.

FSM Smart (Armin Ordodary’s Brainchild)

As one of the oldest and most innovative Forex brokers in the world, FSMSmart has elevated the entire industry to new heights. Both FSMSmart and its operations manager, FSM Smart Ltd., are well-known in the financial services industry.

Over 140 countries worldwide have benefited from the Company’s noteworthy and well-founded financial services thanks to its brave service and steadfast dedication.

Because of the company’s vast market expertise and experience, FSMSmart provides top-notch services. As we enhance our existing technology to enable the vast and volatile industry to establish a reliable and sound trading system, we continue to give the enormous value of the market to our clients.

The Company’s founding members, who have been in the brokerage and forex industries for more than 50 years and who have been directing and instilling values in FSMSmart from its foundation, are financial professionals and adept financial service providers.

FSMSmart is constantly coming up with new ideas and methods to ensure that our clients have a luxurious and fulfilling experience. In addition, the company strives to offer the finest possible trading circumstances and top-notch client support while carefully selecting Account Managers to ensure success in forex trading.

Financial Conduct Authority

The UK government has no control over the Financial Conduct Authority (FCA), a financial regulator that is funded by fees collected from participants in the financial services sector. The FCA protects the integrity of the UK financial markets by regulating financial companies that offer services to consumers.

It focuses on how financial services companies, both retail and wholesale, are expected to behave. Similar to the FSA, which it replaced, the FCA is set up as a company limited by guarantee.

To establish regulatory standards for the financial industry, the Financial Policy Committee, the Prudential Regulation Authority, and the FCA collaborate. The FCA is responsible for the conduct of around 58,000 businesses which employ 2.2 million people and contribute around £65.6 billion in annual tax revenue to the economy in the United Kingdom.

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Petar Borislavov Zlatkov's Scam Network (2024)

Estonian Yield Enterprise Currency Software OÜ was the target of a Cease and Desist Order issued by German regulator BaFin on June 8, 2020, requesting that the company cease operations of the broker scam ProuFX (www.proufx.com). UProFX was the name of this fraud until a few months ago. It’s easy enough to start a new fraud with a minor alteration in letters, isn’t it?

BaFin issued a warning against this organisation, which at the time ran the broker scam Libra Markets (www.libramarkets.com), as early as December 2019. For more than a year, FinTelegram has been covering the frauds of this Estonian business and its director, Petar Borislavov Zlatkov, who is from Bulgaria (see this FinTelegram investigation).

The Link Between KayaFX

The director of Estonian GammaTech Services OÜ, which has run the massive KayaFX binary options fraud among others, is none other than Petar Borislavov Zlatkov. The Israeli Avi Itzhakov, also known as Avi Itzkovic or Avi Itzkovitz, is a verified beneficial owner of KayaFX. Through Mercure Group EOOD (previously RAX Media EOOD), he has attacked small EU investors and run illicit boiler rooms in Bulgaria.

This network of scammers has been active for years with various companies, brands and boiler rooms. The beneficial owners behind them are probably Israelis. ProuFX is only ONE of the last scam brands they use to defraud small investors.

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New Criminal Allegations on Dr. Peter Mulhern?

The Villages-News.com reports that Lady Lake-based orthopedic surgeon Dr. Peter Mulhern, 60, was taken into custody during a prostitution sting. The report stated that Dr. Peter Mulhern had made arrangements to meet with a woman at the Sleep Inn motel in Wildwood, who he believed to be a prostitute, and for whom he was willing to pay $300 for sex. He had texted earlier, saying he wanted to get together. That being said, he had no idea that he was going to meet with a Sumter County Sheriff’s Officer.

Two undercover female officers who posted sexually provocative images to a website were part in the operation.

Arrests at the Sleep Inn Hotel in relation to prostitution

Numerous people were arrested at the Sleep Inn hotel. The individuals apprehended had arranged encounters for sexual services with undercover deputies. Stopping any illegal activity in the area was the operation’s main objective.

Michele Adee’s arrest

The 55-year-old Village of Duval resident Michele Adee was taken into custody after arranging a meeting with an undercover police officer via the internet. Adee allegedly made a $75 sexual encounter offer. She faces prostitution charges, but she was freed on a $2,000 bond.

Other Parties Involved in the Sting

Several additional individuals were taken into custody as part of the same operation. In addition, they would provide the following remuneration for sexual services:

Nicole Amanda Ammirati, a 28-year-old inhabitant of Belleview, offered her services for $200.

Heather Dawn Douglass, a thirty-two-year-old Belleview resident, also offered $200 for her services.

The twenty-three-year-old Qwenshatta Kenyonta Damon of Ocala volunteered to pay $100.

Because she arrived at the conference in a 2007 Chevy Equinox, she is also charged with operating a vehicle while ineligible.

McClure, Gordon Siler, is arrested

A 41-year-old Ocala resident named Gordon Siler McClure was also taken into custody as part of the operation. One of the women’s transportation to the hotel where the illicit actions occurred is said to have been organized by McClure. The constable came over and McClure seemed nervous. A loaded .22 caliber semi-automatic handgun was found when his automobile was checked. McClure has already received a criminal conviction in Marion County.