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The arrest of Massive Network Scam "Pablo A" EverFX CEO

WikiFX | 2022-12-21 09:58

Abstract：Pablo A's arrest is part of a multi-year operation coordinated by Eurojust, a European cross-border judicial cooperation agency, to bring down fake investment brands and call center networks in which criminals pose as brokers and dupe investors into believing they can make large profits by investing small amounts in cryptocurrencies.

The arrest of Massive Network Scam Pablo A EverFX CEO.png

The arrest of Pablo A is part of a multi-year operation coordinated by Eurojust, a European cross-border judicial cooperation agency, to take down fake investment brands and call center networks in which criminals pose as brokers and dupe investors into believing they can make large profits by investing small amounts in cryptocurrencies.

According to Spanish investigators, the fraud network has caused significant losses to thousands of victims worldwide, and the scam gang makes up to 400 euros each minute or 50 million euros per quarter.

EverFX is one of the 470 investment “companies” linked to the fraud, but the platform stands out due to its considerable status in Spain, where it even sponsored a Serbian soccer team for at least one season.

Pablo A is supposedly the leader of EverFX in Spain, where he connects with victims through call centers on the European Union's periphery and is in charge of “managing” Spanish victims and enticing them to engage in the scam. However, in a coordinated investigation this month, European officials shut down 15 of the scam's contact centers throughout Europe.

EverFX is a registered trademark of ICC Intercertus Capital Limited. The firm is regulated by CySEC under regulation number 301/16, but it has now changed its identity and been bought by another group, and it had no knowledge of the authorities' inquiry into EverFX. EverFX is now exclusively regulated by CIMA in Cayman, with license number 1444866.

Despite being quite active in Spain, the broker has never been authorized by the Spanish National Securities Market Commission CNMV.

The UK's Financial Conduct Authority, the FCA, barred Cyprus-based EverFX operator ICC Intercertus Capital Limited from providing CFD products in the nation in May. According to the FCA, EverFX was recruiting UK traders at the time but was not permitted to provide services in the UK.

EverFX's linked websites everfx.com, everfxglobal.com, global.everfx.com, and intercertus.com have been added to Mossos d'Esquadra's list of fake websites.

You can find out more news of EverFX here: https://www.wikifx.com/en/dealer/1201550431.html

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Related broker

Over-Operation

EVERFX

Company name：ICC Intercertus Capital Limited

Score

1.61

Website：https://everfx.com/en/about/us/

5-10 years | Regulated in Cayman Islands | Common Financial Service License | Suspicious biz area

Score

1.61

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