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Amit Klatchko
Amit Klatchko of Praxis Cashier Systems is accused of aiding fraudulent brokers flagged by regulators, with reports linking the company to 60-70% of broker frauds.
Quick summary on Amit Klatchko
Amit Klatchko, associated with Praxis Cashier Systems Ltd, has been implicated in financial scams through his company’s payment processing services.
Praxis Cashier reportedly provided payment solutions to fraudulent entities, including Universal Markets, Capital Way, and Profits Trade, all flagged by regulatory authorities.
The UK’s Financial Conduct Authority (FCA) issued warnings against these brokers for deceptive practices. Despite this, Praxis Cashier allegedly continued to support them.
Reports suggest that 60-70% of broker frauds have utilized Praxis Cashier’s services, raising concerns about its role in facilitating such activities.
Allegations include aiding brokers to operate globally, bypassing legal and ethical boundaries, and enabling customer exploitation.
Calls for investigations by regulatory authorities highlight the need for accountability for both Amit Klatchko and Praxis Cashier.
Staying vigilant and conducting due diligence is essential when dealing with entities linked to such allegations to avoid potential risks.
Intel Reports
by: Zoe Phillips
When issues arose, it was impossible to get a straight answer. The team seemed to deflect blame rather than take responsibility. It’s frustrating when you’re left dealing with the fallout of their mistakes
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Cons
by: Adrian Torres
Getting updates was a nightmare. Emails went unanswered for days, and when we finally got a response, it was vague and unhelpful. Communication is key, and they failed miserably at it.
by: Brenda Evans
The sales team was overly pushy and aggressive. They made grand promises but didn’t provide enough details to back them up. It felt like they were more interested in closing the deal than ensuring it was the right fit for...
by: Chris Edwards
Getting updates was a struggle. Emails went unanswered for days, and when they did respond, the answers were vague. It felt like we were constantly chasing them for information