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#isignthis #valoris #binaryoptions so I was right about this #dominicmelo has removed all reference to valoris. But I haven’t. And I’m betting that isignthis won’t be reinstated to the @ASX anytime soon.
@ASX #probanx #isignthis #deepdive When I first came across Dominic Melo aka the self coined mr payments he wassoap boxing on angel list that he built #valoris payment system from ground up. I wasnt aware that he was involved in @ASX listed but suspended #isignthis Image
#isignthis have been copping alot of heat for accidently mistating earnings but also where those earnings are coming from. smh.com.au/business/marke… Image
this is the first of what might become quite a few tweetstorms. The following link to a mudmap of Mr Mello's dealings with #ett and #valoris bit.ly/2Qv1cNf Image
I guess its worth acknowleding that Isignthis/probanx are aiming at the low end of the banking market so I guess you'd expect it to be a little grubby but the calibre of companies they are providng services appear underwhelming ....more on that later.
Ive identified about 20 of #probanx customers some past and present while I haven't reviewed them all in detail most appear to have an interesting story to tell. #isignthis is currently taking legal action against the @ASX for suspending the company from trading.
Time permitting ill endevour to post a few tidbits on one of their ahem 'banking clients' every couple of days. One of #probanx first clients was #transactbank aka Latvian payment services provider SIA Transact Pro. On face value they appear to be a bonefide payment processor. ImageImageImage
But a quick search shows they are in the crosshairs of the FTC as part of their case against Apex Capital Group here's copy of the filing >>>> bit.ly/2FGOgxI

The case against Apex was settled in Sep 2019 bit.ly/39ZClsB with some hefty fines Image
The case against #probanx client #transactpro is ongoing. Image
Just as #dominicmelo has scrubbed his history with #valoris Probanx no longer promotes #transactpro as a client.
Here's todays coverage of #probanx clients. Cayman National hacked and client details stolen. ImageImage
#probanx take 2. An avalanche coming #isignthis you really should have done #duediligence and might want to rethink taking action against the @ASX
@ASX #isignthis ASX announcement #probanx acquisition "services more than 15 prudently regulated entities".......wow who wrote this clanger. Image
So where do you reckon #fruxprivatebank is prudently regulated? #gambia of course. But they also seek to follow the Swiss self regulatory code ... really please who writes this stuff. Image
#fruxprivatebank services are pretty unique. Ive never heard of a group willing to structure trusts and companies in #chad. Image
But lets go back to Gambia and have a look at their offshore banking sector. #spoileralert . when @OCCRP write up a 10 page article its generally not going to go well for you especially when your an @ASX listed public company thats acquired the main actor central to the story. Image
btw I'm pretty certain I may be the first to piece this together.
First heres article one;
and article two
h/t to @OCCRP
@OCCRP So back to #fruxprivatebank remember how its "prudently regulated" in #gambia. Well it isn't and never has been.
Gambian banking licenses were just a big pile of puss that came out of the infamous Harley st paper factory. ImageImage
The story only gets better from here #marvinpayments aka #marvinbank Image
Of course #isignthis could say hey the client is #marvinpayments NOT #marvinbank . First when regulators post warnings on the clients of your acquisition it should be a red flag Image
Second when all the domains are registerd in your subsidiary name and the contact is your executive its kinda hard to duck and dive Image
Its kinda endless Image

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