FinTelegram Financial Intelligence
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Attention! FinTelegram Under DDoS Attack!
We regret to inform you that our website, www.fintelegram.com, is currently experiencing technical difficulties due to a Distributed Denial of Service (DDoS) attack. This malicious attempt to disrupt our services is not new to us. Since our inception in 2018, FinTelegram has been unwavering in its mission to protect investors and expose financial malpractices. Our commitment to transparency and justice has, unfortunately, made us a target for scammers and cybercriminals.
Latest Updates
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Bernard Arnault And Russian Oligarch Nikolai Sarkisov Are Investigated Over Money Laundering!
French billionaire Bernard Arnault and Russian oligarch Nikolai Sarkisov are under investigation for alleged money laundering at a luxury Alpine resort. According to an AFP report, the investigation revolves around activities in Courchevel, a popular French Alps ski spot for the super-wealthy. The French economy ministry's financial team is spearheading the probe, but it's still unclear if any wrongdoing occurred, an insider informed AFP.
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China’s Troubles Real Estate Giant Evergrande Sold Superyacht As Creditors Go After Offshore Assets!
China's troubled real estate giant Evergrande Group reportedly sold the luxury superyacht of its founder Hui Ka Yan, the Event, for approximately $32 million, according to Reuters. This move is seen as an effort to liquidate the company's offshore assets amidst its escalating financial crisis and ongoing efforts to devise a debt restructuring strategy. The offshore bondholders are intensifying their scrutiny of Evergrande's offshore holdings.
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Former Executives Of U.S. Telecommunications Company Charged With Massive Accounting Fraud Scheme!
Victor Bozzo, previously holding the titles of CEO and CCO, and Edward O’Donnell, the ex-CFO of Pareteum Corporation, have been indicted for allegedly manipulating the publicly traded telecom company's reported revenue. The indictment was unsealed by Damian Williams, U.S. Attorney for the Southern District of New York, and James Smith, the FBI's New York Field Office Assistant Director.
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U.S. Crypto Exchange Kraken Secured Two Regulatory Licenses in Europe!
In a significant stride for the crypto industry, Kraken, a globally recognized crypto platform, has announced two major regulatory achievements in Europe. The U.S. crypto exchange Kraken has successfully obtained authorization from the Central Bank of Ireland as an E-Money Institution (EMI). This is complemented by its registration with the Bank of Spain as a Virtual Asset Service Provider (VASP).
Payment Processors
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Business Insider reports on the EFRI lawsuits filed by scam victims against ING and Payvision!
FinTelegram has reported a number of stories since 2018 about Dutch FinTech Payvision's involvement as a payment processor in broker scams. Payvision was acquired by major Dutch bank ING in 2018 and continued its illicit activities. The European Fund Recovery Initiative (EFRI) has coordinated victim lawsuits against supporting payment processors like Payvision for years. Business Insider has now also reported on these lawsuits.
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Investor Warning Against Scam Broker Oro Markets Facilitated by Mercuryo and MoonPay!
The Spanish regulator CNMV warned against the broker scam Oro Markets earlier this week. It is allegedly operated by ECB7 Capital Ltd, registered in St. Vincent & The Grenadines. However, we have not found this offshore entity. It is likely to be a fake. Potential victims can lose their money via credit/debit cards and crypto. Payment facilitators are Mercuryo and MoonPay. Stay far away and protect your data and financial health.
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Payvision Victims Go After The Dutch Regulator DNB Over Refusal To Support Them!
FinTelegram readers are well aware that through the coordination of the European Funds Recovery Initiative (EFRI), the Dutch payment processor Payvision, now in liquidation, is being sued by victims of scams who made and lost their deposits through Payvision. An investigation conducted by Dutch regulator De Nederlandsche Bank (DNB) confirmed that Payvision supported scams and violated financial laws in the process. However, DNB does not want to make the report available to victims.
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Attention: Keler Group Broker Scam Vanished After More Regulatory Warnings!
The Keler Group broker scam has been active since early 2022 and, to the best of our knowledge, has ripped off thousands of consumers. Victims' deposits were processed via crypto payment processors such as Russian Mercuryo or AllCoinSwapper. Most recently, Swiss regulator FINMA placed Keler Group on its warning list following several reports by FinTelegram. It looks like the scam broker's website and the victims' money have vanished.
Cybercrime Court Cases
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Strange: US regulator SEC Objected To Repayment Plan Of Bankrupt Crypto Lender Celsius Network!
The U.S. SEC has raised concerns over the reorganization plans of the collapsed crypto scheme Celsius Network, citing its ongoing legal battle with crypto exchange Coinbase. On September 22, the SEC voiced its reservations to the U.S. Bankruptcy Court regarding Celsius' fourth restructuring proposal. Coinbase Chief Legal Officer Paul Grewal took to Twitter to publicly challenge the SEC's view.
Regulatory Updates
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Request 4 Information: Russian Activities And Money In Cyprus!
At FinTelegram News, we are committed to delivering accurate, in-depth, and unbiased financial intelligence to our readers. As part of our upcoming series on "Russian activities and money in Europe," we focus on the significant presence of Russian entrepreneurs and investors in Cyprus. Recognizing the pivotal role Cyprus plays in hosting these individuals and their financial endeavors, we are reaching out to our vast network of insiders, experts, and concerned citizens for information.
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Urgent Warning Against Broker Scam AlphaCapital And Fake Company Nexus LLC!
The Spanish regulator has recently issued a warning against the broker Scam AlphaCapital. It is allegedly operated by Nexus LLC, which is registered in St. Vincent & The Grenadines. This company does not exist in the company register there. Nexus LLC has already operated several other scams, such as Cuarto Capital. In addition, there is apparently also a connection to the Nigerian broker Berfam Markets. Stay far away.
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Questionable Move: Crypto Exchange Binance Transfers Russian Operation To CommEX.
Binance announced an agreement to transfer its entire Russian operations to CommEX, a crypto exchange established as recently as September 26, 2023. The centralized crypto exchange is operated by CommEX Holding Limited, a company incorporated in the Seychelles. However, the terms of CommEX specify Hong Kong as the governing law. However, the important deal also raises questions.
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European Funds Recovery Initiative (EFRI) is a non-government organization with the mission to support scam and cybercrime victims.
