Ehamarkets Scam Warning: FCA Warning and Pig Butchering

🔴 Licence and Reliability Analysis

• ● SPK Licence: Ehamarkets is not authorised by the SPK. It does not appear on the SPK list of authorised institutions.
• ● FCA Warning: The UK Financial Conduct Authority has published a regulatory warning about Ehamarkets. The FCA warning states that the platform operates in the UK without authorisation and carries a risk of fraud.
• ● Verified Scam: The platform has been confirmed as a scam operation by several sources.
• ● Fake Reviewers Identified: Choudary Zahir, Qushim Qurashi and Amir Satda have been identified as people who write fake reviews saying the platform is trustworthy.
• ● International Regulation: It holds no licence from any reputable regulator.

⚠️ Scam Methods and Victim Experiences

• ● Pig Butchering: Ehamarkets uses an advanced fraud method known as "pig butchering". In this method, fraudsters build a long-term relationship with the victim through social media or messaging apps, gain trust and then steer the victim to an investment platform. Early investments are shown as "successful", larger sums are encouraged, and in the final stage withdrawals are blocked and all the funds are seized.
• ● Fake Review Network: Choudary Zahir, Qushim Qurashi and Amir Satda are writing fake reviews in favour of Ehamarkets on various review platforms. These individuals produce misleading content claiming that the platform is trustworthy and profitable.
• ● FCA Warning Ignored: The platform continues its activities despite the FCA warning. This indicates that the platform deliberately violates regulations.
• ● Social Engineering: Victims are steered to the platform by people who approach them through social media or messaging apps.
• ● Demands for Extra Payments: At the withdrawal stage, extra payments may be requested under names such as "tax", "commission" or "security deposit".

📊 Findings

• ● Weight of the FCA Warning: The FCA is one of the world's most respected financial regulators. An FCA warning amounts to official confirmation that the platform carries a risk of fraud.
• ● The Pig Butchering Method: This method is widely used by organised crime groups based in Southeast Asia. High loss amounts are reported from a single scam operation.
• ● Fake Reviewer Network: The names Choudary Zahir, Qushim Qurashi and Amir Satda have been identified as used in the fake review campaign. Positive reviews under these names call for caution.
• ● The Name "Eha": The abbreviation "Eha" is a deliberately vague name. Vague names make it easier to reopen under a new name when a platform is shut down.

🛡️ Protection Guide

• ● SPK Check: The official SPK website publishes the list of authorised institutions.
• ● Pig Butchering: Investment tips from people met through social media or messaging apps are the typical starting point of this method and carry a high risk.
• ● Fake Reviews: Positive reviews written under the names Choudary Zahir, Qushim Qurashi and Amir Satda are part of the fake review campaign.
• ● For detailed information and legal support, you can contact Savun Law & Consultancy.

Frequently Asked Questions