These 81 Investment Platforms Were Part of a Scam Network. Here’s What We Learned About Them.

The report outlines how a network of online trading brands operated under fake or weak regulatory licenses, including sham authorities in Comoros, while some previously held but later lost legitimate South African licenses. It notes that several brands changed their claimed licensing after media scrutiny and relied on deceptive third-party marketing, with clients on licensed platforms able to withdraw a higher share of funds than others.