Alleged B2B Hub Scam Pt. III: Amiran's Scheme Unmasked As New Evidence Emerges

Previous:

Alleged B2B Hub Scam Pt. I: A Forex Licensing Nightmare:

https://www.fazzaco.com/newsdetail/351059

Alleged B2B Hub Scam Pt. II: A "Fake Biography" Under "Shell Companies" - Amiran Azaladze's Dirt:

https://www.fazzaco.com/newsdetail/351690

Since Fazzaco began exposing allegations against Amiran Azaladze and his affiliated companies, including B2B Hub, over the past two weeks, Amiran has remained silent. His LinkedIn profile has even been set to "unmentionable". Despite Broker A's complaint about a Vanuatu VFSC forex broker license being delayed for over two years without resolution, B2B Hub's LinkedIn page continues to aggressively promote its "Vanuatu VFSC brokerage license services." Strangely, the company now also advertises services in opening cafes in Vanuatu and registering yachts in Europe - an eyebrow-raising and somewhat comical expansion.

Figure 1: B2B Hub's LinkedIn page promoting How to Open a Cafe in Vanuatu

Figure 2: B2B Hub's LinkedIn page advertising How to Register a Company in Vanuatu

Figure 3: B2B Hub's LinkedIn page highlighting their participation at Boat Show 2024 and yacht registration services

Additional Whistleblower Revelations

Broker A reported sharing Fazzaco's previous two exposés with him. He stated via a messaging app, "You will delete it no matter what. Anyway we are ready to talk and negotiate." However, as of this writing, Amiran has shown no willingness to sincerely engage with Broker A - echoing his cold-shoulder approach over the past two years regarding inquiries about the license's progress.

Figure 4: Screenshot of Amiran's WhatsApp message to Broker A

In light of this, the Fazzaco team reached out to two more whistleblowers familiar with the internal workings. To protect their identities, we will refer to them as Informant A and Informant B.

Informant A revealed that several other victimized companies share experiences identical to Broker A's - paying fees only to face endless delays, without receiving licenses or refunds. These victims include prominent forex brokers and Electronic Money Institutions (EMIs) from highly regulated markets like the U.S.

He cited a recent example involving Globiance, an emerging Hong Kong-based bank specializing in crypto-fiat exchange services. Reportedly, Globiance paid Amiran $50,000 for licensing service but has received no updates since the payment.

Figure 5: Details of the Globiance incident, provided by Informant A

Why Do Most Victimized Companies Stay Silent?

According to Informant A, many firms seeking licenses through Amiran - especially large brokers or EMIs with multiple regulatory licenses - view the defrauded amounts as negligible relative to their overall operations. As a result, these cases often become overlooked "cold files" with little internal scrutiny.

Figure 6: Analysis from Informant A on why most victims remain silent

"For instance, take Globiance," Informant A explained in another phone call with us. "They approached Amiran earlier this year, expecting a three-month process. Yet, after three months of empty promises and no progress, their reaction mirrored [Broker A]'s initial hopefulness. They feared that exposing Amiran might jeopardize any slim chance of obtaining the license."

Amiran's Scheme Becomes Clearer

Informant B, who had closer dealings with B2B Hub, was cautious about retaliation and chose to communicate via phone rather than WhatsApp. He confirmed that in B2B Hub's early days, Amiran's team did successfully obtain licenses for some clients, leveraging legitimate registrations in certain jurisdictions.

However, as noted in our first article, B2B Hub later engaged in false advertising, lacking proper credentials in Vanuatu and receiving two public warnings from VFSC. Despite this, Amiran continued accepting VFSC-related requests by outsourcing them to legitimate local third-party companies and profiting from the margin.

Additionally, evidence from the St. Lucia International Financial Center confirms that B2B Hub has no registered entity there, despite claims on its website.

St. Lucia IFC link:

https://www.saintluciaifc.com/professional_directory/lra.htm

Figure 7: B2B Hub's website screenshot displaying purported St. Lucia and Vanuatu company details

In recent years, financial strain has reportedly plagued Amiran's companies, leading to cash flow issues, incomplete compliance documentation, and even unpaid employee wages. Informant B stated, "His tactic is constant promises and indefinite delays," eroding client trust and industry credibility.

"Amiran runs his operations from Poland but uses UK companies as a front," Informant B added. "Recently, B2B Hub's UK entity became inactive."

But, as we looked it up on GOV.UK, it has since resumed active status yet with overdue confirmation statements."

Figure 8: B2B Hub's status on GOV.UK, showing overdue confirmation statements

GOV.UK link:

https://find-and-update.company-information.service.gov.uk/

Amiran's Modus Operandi Unveiled

Piecing together information from multiple sources, Amiran's scheme evolved from an initial "service-for-payment" to a full-fledged scam:

Early Phase: Built certain credibility by legitimately processing licenses or subcontracting such services.

Financial Breakdown: Operational mismanagement and failure to secure jurisdictional licenses disrupted services.

Ponzi Scheme: Used new client payments to cover past liabilities, leading to cascading failures.

Ultimately, the model collapsed as funds dried up and trust vanished, leaving many clients in the lurch.

"NOBODY CAN DO WHATEVER THEY WISH FOR"

While Amiran remains unreachable and many victims stay silent, Fazzaco's investigation into Amiran Azaladze and B2B Hub's alleged fraud continues. As one Informant Aptly put it, "NOBODAY CAN DO WHATEVER THEY WISH FOR, ESPECIALLY IN HIGH RISK INDUSTRY WITHOUT CONSEQUENCES."

Figure 9: Broker A emphasizes that nobody can do whatever they wish for

We urge more affected companies and individuals to come forward by contacting whistleblower@fazzaco.com. Fazzaco's "FX Whistleblower Program" remains committed to exposing malpractice among forex solution providers, fostering transparency, and helping brokers mitigate risks.