Amit Klatchko

Amit Klatchko, founder of Praxis Cashier Systems Ltd., stands at the center of alarming allegations involving the facilitation of widespread financial fraud. His company is accused of enabling numerous broker scams, raising serious concerns about its role in undermining financial integrity and exploiting unsuspecting investors.

Enabling Broker Scams: Praxis Cashier, under Klatchko’s leadership, has been implicated in processing payments for fraudulent brokers like Universal Markets and Capital Way, entities flagged by regulators for deceptive practices.

Regulatory Warnings Ignored: Despite warnings from authorities such as the UK’s Financial Conduct Authority (FCA), Praxis continued its associations with these dubious brokers, suggesting a blatant disregard for regulatory directives and investor protection.

Opaque Business Practices: Klatchko’s operations are characterized by a lack of transparency, with connections to offshore entities and a complex web of companies that obscure accountability and facilitate questionable financial activities.

Rebranding Amid Controversy: In an apparent attempt to distance from negative publicity, Praxis has undergone rebranding efforts, yet continues to operate under new names while maintaining the same controversial practices

Conclusion
The evidence against Amit Klatchko and Praxis Cashier Systems Ltd. paints a disturbing picture of complicity in financial fraud. Their continued operations, despite regulatory warnings and rebranding attempts, highlight a persistent threat to investor security and market integrity