DMCA Complaint Submitted Over Scam Reporting
Recently, those behind Apollo Finances and MGX Consalt Group filed a DMCA (Digital Millennium Copyright Act) complaint with Google, objecting to publications exposing their fraudulent activities. They claimed infringement of their rights and requested removal from search results. However, despite their attempt to suppress this information, it remains important to warn the public about these operations.
Who Is Behind Apollo Finances?
The broker known as Apollo Finances operates through two primary domains:
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www.apollofinances.com
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www.apolofinance.com
According to its websites, Apollo Finances is operated by MGX Consalt Group Ltd, a company purportedly registered in the Marshall Islands. However, evidence suggests this setup functions purely to support fraudulent trading operations.
Payment Processors Facilitating The Scam
Our investigation has uncovered multiple payment service providers linked to Apollo Finances, indicating high-risk and unregulated activities:
|
Payment Processor |
Linked Individual/Entity |
Remarks |
|
PayTechno |
Asaf Itzak Rubin (Israel) |
Lists MGX Consalt Group Ltd as merchant |
|
iPayTotal |
– |
Frequently associated with scam brokers |
|
NeoBanQ |
– |
Repeatedly flagged for high-risk processing |
PayTechno, operated by Israeli national Asaf Itzak Rubin, features prominently in facilitating Apollo Finances’ transactions. Additionally, iPayTotal and NeoBanQ have been connected to other questionable broker operations in the past.
The Risks of Offshore Brokers
Misleading Promises By Boiler Room Agents
Sales agents working in boiler rooms frequently introduce themselves as financial experts or account managers, promoting offshore brokers as cost-effective and flexible solutions. In reality, these claims are false. Investors engaging with such entities face an almost certain risk of losing their deposits.
Payment Processors as Scam Indicators
How to Recognise Broker Fraud
A significant red flag indicating an illegal broker or scam is their choice of payment processors. If a broker utilises:
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iPayTotal
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PayTechno
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NeoBanQ
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Or any crypto payment processor listed in scam databases
…it is wise to steer clear. Reputable and regulated brokers do not work with these types of processors.
Stay Vigilant and Report Fraud
If you or someone you know has been approached by Apollo Finances, MGX Consalt Group, or similar operators, please report these brokers and their facilitating payment processors to Scam-Or Project. Sharing your experience helps prevent future financial harm to unsuspecting investors.