What does our research say about Armin Ordodary?

Armin Ordodary, a Cypriot resident of Iranian descent, has been implicated in multiple fraudulent financial schemes, notably the FSM Smart broker scam. Operating through the Serbian boiler room Upmarkt d.o.o., FSM Smart aggressively targeted clients under Ordodary’s direction. Benrich Holdings Ltd., a Cyprus-based company, is the sole shareholder of Upmarkt d.o.o., with Ordodary serving as a director for both entities.

Regulatory Warnings Across Multiple Jurisdictions
Armin Ordodary is associated with FSM Smart, a broker firm that has faced regulatory warnings from financial authorities in New Zealand (FMA), Switzerland (FINMA), and Canada (Manitoba Securities Commission) between 2018 and 2019. These warnings highlight concerns about the firm’s operations and practices, raising red flags for potential investors.

Involvement in the Lau Global Services Network
Ordodary’s connections extend to Lau Global Services Corp, a Belize-based entity linked to several fraudulent broker brands, including MXTrade, TradingBanks, Trade12, MTI Markets, and Grizzly. These associations suggest a pattern of involvement in illicit financial activities across multiple platforms.

Allegations of Misuse of Legal Processes
Reports indicate that Ordodary has been involved in attempts to suppress negative online content through the misuse of DMCA takedown notices. Such actions raise concerns about transparency and the ethical conduct of his business practices.

Customer Complaints and Fraudulent Activities
Numerous customer complaints have been lodged against Ordodary’s affiliated companies, alleging deceptive marketing, unfulfilled promises, and financial losses. These complaints underscore the risks associated with engaging with his business ventures.

Limited Transparency and Accountability
Despite his active online presence, there is a lack of verifiable information regarding Ordodary’s business operations and affiliations. This lack of transparency raises questions about accountability and the legitimacy of his business practices.

Conclusion
Armin Ordodary’s associations with entities facing regulatory scrutiny, involvement in networks linked to fraudulent activities, and reports of unethical practices warrant caution. Individuals and businesses are advised to conduct thorough due diligence and exercise caution before engaging with his ventures.