Following the collapse of a scam racket named ‘Dragon Global Finance’, members of the same racket have now come up with another scam project named ‘EQT Bank’, which is run under the banner of a company named EQT Group PLC. It is a shell company.
What it does correspond to is EQT Bank, recently set up on the domain “eqtbank.com”. But this fraudulent website is currently set to “technical difficulties”.
Further digging into the matter will show, EQT Bank’s website is a WordPress front-end. The login link leads to a non-WordPress subdomain, presumably hooked up Dragon Global Finance’s backend if it hasn’t been already.
What is EQT Bank?
The domain was purchased in January 2022 for a few hundred dollars.
EQT Bank domain was for sale in November 2021, and it is purchased by a scammer named Anthony Norman.
A visit to Dragon Global Finance’s website redirects to EQT Bank’s non-functional domain.
This change was enacted on January 29, 2022, around the time Norman purchased the EQT Bank domain.
This introduces people to Mbakey Export and Finance Limited, an FCA registered company that, at one time, appears to have been the base of Norman’s financial fraud.
And so we fall down another Anthony Norman shell company rabbit hole.
Mbakey Export and Finance Limited was registered with the FCA in January 2015
Mbakey Export and Finance Limited is tied to a UK shell company bearing the same name, incorporated by Mbakey Sowe and Ndey Yassin Sowe
Mbakey Export and Finance Limited is only registered with the FCA, meaning some paperwork was filed and they got a rubber-stamp
Mbakey Export and Finance Limited was tied to Dragon Global Solutions in January 2020
Dragon Global Solutions is a UK shell company that was registered with the FCA until August 2021
In addition to Mbakey Export and Finance Limited, Dragon Global Finance is also tied to Premier Payment Solutions Limited
Premier Payment Solutions Limited is another FCA registered company, with a corresponding UK shell company incorporation.
Up until September 2019, Premier Payment Solutions went by Gambia Express Limited.
Again, we want to emphasize that these details aren’t likely important, as fraud is rampant in UK incorporations and the FCA itself.
We have included the above information as a paper-trail for regulators in a competent jurisdiction to follow, should it ever come to that.
Meanwhile it is clear EQT Bank is intended to be the successor of Dragon Global Finance. Whether it’s a straight clone or modified Ponzi remains to be seen.
In an attempt to make due-diligence more difficult, Norman has created EQT Bank with the intention of hiding behind EQT Partners.
EQT is a multi-billion-dollar private equity firm operating out of Sweden. It has nothing to do with Anthony Norman or EQT Bank.
Still, we can see Norman’s intent to hide his new Ponzi scheme behind EQT Partners.
Dragon Finance Global has collapsed on or around December 2021.
EQT Bank is a reboot of the collapse Dragon Global Finance Ponzi.
Owner Anthony Norman isn’t setting up EQT Bank through the usual slew of UK shell companies. Instead, he’s turned to cryptocurrency.
Whether the unravelling of Dragon Global Finance’s sham FCA registrations contributed to the Ponzi’s collapse is unclear.
In any event, this time around Norman is launching the EQT Bank Ponzi through Universal Pickle.
Universal Pickle is a shitcoin project launched in late 2021. In the “partnership announcement”, Universal Pickle shares what appears to be future plans to commit securities fraud.
The bitcoin address Universal Pickle is soliciting investment through, on behalf of EQT Bank, is an address previously used by Dragon Global Finance.
