German BaFin issues Cease-and-Disease order against TopInvestus – again!

On October 9, 2020, the German regulator BaFin again ordered the discontinuation of the TopInvestus broker scam. Already in May 2020, the regulator issued a cease-and-desist order against the scam which was then operated under the domain by Silverdale Holdings Ltd, British Virgin Islands, and Vindigo Systems OÜ, Estonia. The new order re-iterates the cease-and-desist order against the domain to which the scammers have switched to.

Vindigo Systems OÜ, registered in Estonia, was founded in August 2019 with the Swede Rami El Ramah, born in June 1974, being appointed as sole director. In October 2019, Vindigo Systems was acquired by Silverdale Holdings Ltd, a company registered in the British Virgin Islands. With this acquisition, the beneficial owners were supposedly removed from the access of the EU authorities.

The latest payment processor for the scam was who doesn’t even have a website.

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