By TNH Staff
PART 2
MTI Markets scam broker was a bit different setup, more Europe oriented, involving directly different people, but ultimately all being connected in this generic FSM Scheme. Allegedly ran via Marshal Islands company MTI Investments Llc (search, closed in 2018). Warnings and reviews: FPA, link with operator names. MTI Markets main domain was registered like this link. 2015 registrant is the Belize company MTI Group Ltd t/a MTI Markets: link, domains screaming with known ‘exo’ and ‘mti’ pretexts. Indicated people were: Mr. Armin Ordodary, (Iranian with Cyprus residency, former Windsor Brokers employee), Mr. Ali Mahmoudi (Iran) and Mr. Mathew Bradley (??). You are encouraged to browse domain big data tools, so you can find them all and see the connections, explore domains etc. We will focus our attention here to Mr. Armin Ordodary now. For a very good reason.
Armin Ordodary, an Iranian national, with Cyprus residency, is in the business for a long time. Picture from Windsor Broker celebration link and other publicly available ones:
Apparently likes fintechs, BDAs, startups, foreign politics (not a D. Trump fan), MENA region news. His LinkedIn profile: link, more at link. Under his name, registered domains are many: link. He worked for Windsor Broker CY and moved on to more successful positions and ventures, over the years. He holds or held the following companies (look them up your selves in registrars):
- Benrich Holdings Ltd, Cyprus link
- Benrich Trading Ltd, Cyprus link
- Bythos Yacht Management OU, Estonia link, link
- Siao Ltd, Cyprus (see more domains under this one, incl. Twitter acct link) link
- AGFM Ltd, Cyprus link
- Nepcore (essentially CRM gateway provider, reg. via A. Ordodary link)
- Possibly Orden Capital HK (domain big data, linked to him, typical names like ordencapital, ordenholdings etc) link
- BizTech DOO, Serbia link
- BizServe DOO, Serbia, formerly known as Upmarkt DOO link
Here is where we get to the FSM Smart scam broker, FB page, LinkedIn page. While Siao, Nepcore, Orden and Bythos were reserved for CRM, PSPs, payment intermediaries, essentially different work within the scam group, Benrich offices, possibly AGFM and certainly BizTech/Serve offices were boiler rooms with agents working primarily on FSM Smart scam, while other 2 brands of the ‘fantastic scam trio’ (Trade12 and HQBroker) were handled via other arms of this vast scheme group (in BPOs located in Ukraine, Albania and Georgia, will be elaborated later on). And since Mr. Armin Ordodary directly holds ownership in both Benrich and both BizTech/Serve, directly or indirectly, this leads to the conclusion that this young man’s role in this scam scheme is for MTIMarkets and FSMSmart scams primarily. In fact, we have verified information that Benrich Holdings Cyprus was or still is a place where agents work, mainly in English and Italian language, while the Serbian subsidiary of Benrich, Upmarkt/Bizserve (allegedly closed due to bad results) was a so-called FTD center, acquiring new clients for FSM Smart scheme.
Serbian boiler room – Upmarkt doo
Companies extracts prove Benrich holds stake in Serbian subsidiary and Armin’s ownership of another one, as well as local name change :
Upmarkt doo job advertisements 2018: link, sales agent, English, Italian, knowledge of economics,
relocation worldwide possible, etc; another one for university students link, some managers and agents interesting LinkedIn profiles:
link, team leading capacity in the office:
link Sales agent
link Sales agent
link Israeli manager, outsourced by co-owners from Israel and France, per exclusive info we have, apparently longstanding in this scam business, very vague (careful?) with public display of his past experience:
Cyprus boiler room – Benrich Holdings Ltd
A place where apparently Retention agents operated. Besides English language, this was or still is a place where most of FSM Smart scams in Italian language happen. Few of the agents operating at one point in that office, between 2018-2019, per LinkedIn reveal that a spinoff facility was probably used for scamming, as well – Topright Trading Limited Cyprus, link:
link retention agent (note previous engagement in exposed boiler Smardis doo):
link retention agent (again Smardis doo boiler room connection – see our report on them):
So, this Topright Trading Ltd Cyprus link, is per registrar, managed/owned by Ms Martha Lambrianou, per LinkedIn an employee of CYSEC regulated K-DNA Financial Services Ltd link (reg. forex brands that are defunct, badly reviewed or with no impact to the industry). As for the rest of her CV, this Tadawul is bad news definitely – link
Here we conclude PART 2 and move to PART 3 shortly.
