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Ozan Ozerk’s Eurotrader Acquired Itself An FCA License To Continue Expansion-Spree!
Ozan Ozerk is a FinTech entrepreneur with many interests. He is the founder of the European Merchant Bank (EMBank) in Lithuania and FCA-regulated OpenPayd. On his website www.ozanozerk.com, Ozerk explains himself in epic terms. He founded the CySEC-regulated broker EuroTrader in 2018. Even before that, in 2016, he was involved in establishing the offshore broker LDQFX, which, at least until some time ago, was connected with EuroTrader, which has now secured an FCA license.
Latest Updates
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Interesting! Russian Interest In The Slovak Corruption Tsunami!
Slovakia has a systematic corruption problem. FinTelegram reported that the National Criminal Agency (NAKA) in Slovakia charged Peter Kažimír, the sitting National Bank of Slovakia (NBS) governor and former finance minister, in a corruption case. Actually, an unremarkable report but hundreds of Russians got nervous about it. Within less than an hour, the article was read by hundreds of people in Russia. Why are Russians interested in a Slovakian corruption case? Good question, isn't it?
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Crypto Contagion: Binance Releases Proof Of Reserves!
The crypto industry is currently under general suspicion of not correctly managing and misappropriating the funds (FIAT and Crypto) deposited by customers. As a result, many exchanges, brokers, and lenders do not have enough funds to pay out their customers. Most recently, Bitpanda, regulated in Austria and Germany, had its reserves audited by KPMG. Now the world's largest crypto platform Binance is also disclosing a Proof of Reserves (PoR).
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Governor Of Slovakian Central Bank Faces Corruption Charges, Again!
The Governor of the Slovakian Central Bank and former finance minister faces corruption-related charges again. The National Criminal Agency (NAKA) investigator charged Peter Kažimír, the sitting National Bank of Slovakia (NBS) governor who formerly served as finance minister under the governments of the now-opposition Smer, in a corruption case. The governor does not feel guilty and will file a complaint, as confirmed by his lawyer Ondrej Mularčík, the Denník N daily reported.
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Regulatory Warning Against Offshore Broker Scheme LQDFX!
Offshore broker LQDFX has been on our radar for about two years now. This is also because of its interesting background. The founder is the well-known fintech entrepreneur Ozan Ozerk, who founded several regulated companies in the UK, Lithuania, and other EEA jurisdictions. OpenPayd or EuroTrader are projects of Ozan Ozerk. The UK FCA has recently issued a warning against the offshore broker LQDFX, violating the EEA regimes' regulatory requirements.
Payment Processors
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Urgent Warning Against Broker Scam CT Matador!
We have warned against the broker scam CTMatador for several months now. Trustpilot warns against fake reviews CTMatador has used to present itself as reputable. But the scam is still online and attacking consumers. As payment processors, we discovered the notorious scam facilitators Finanic, GameChangers, ChargeMoney, and Paypound. In our today's review, none of the payment options worked. Currently, the payment system is not active; it seems like the scam is about to vanish!
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Payvision: How To Make Business With Criminals!
ING's current subsidiary Payvision will close in 2023. The reason for this was the massive involvement of Payvision in cybercrime and money laundering activities under its founder and former CEO Rudolf Booker. Booker sold Payvision to ING for around €350 million in 2018. How unabashedly Booker did business with cybercrime organizations as CEO is shown files from the criminal proceedings against convicted fraudster Gal Barak. Here is a remarkable scene from the criminal file!
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Merchant Alert: New High-Risk Payment Processor BizzBusters Ante Portas!
BizzBusters Ltd was a UK-registered company founded in 2012 by Indian Anurag Pratap Singh, the husband of British-Indian high-risk payment scammer Ruchi Rathor. The company was dissolved in 2016 via a compulsory strike-off and has disappeared. According to whistleblower information, BizzBusters is now to be revived via an Indian company. The mastermind behind the BizzBusters project would be Ruchi Rathor's son-in-law, Yuvraj Singh, and his brother Swaraj Singh.
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New Allegations Against Payvision Founder Rudolf Booker, Who Sees A Witch Hunt!
Since the money-laundering prosecution of Payvision and its founders became known, the Dutch media has been intensively interested in the founder Rudolf Booker but also in the role of ING. In an interview with Financieele Dagblad, Rudolf Booker sees a witch hunt against him. The authorities are investigating whether ING paid an inflated purchase price for Payvision. Booker indignantly rejects all accusations and points to ING.
Cybercrime Court Cases
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Interpol Allegedly Issued Red Notice Against Africa’s Richest Women, Isabel dos Santos!
The International Consortium of Investigative Journalists (ICIJ) said that Interpol had issued a warrant for the arrest of Angolan billionaire Isabel dos Santos, the daughter of Angola’s former authoritarian president José Eduardo dos Santos. She and her network have been investigated by the 2020 Luanda Leaks investigation, which showed that over two decades of corrupt deals, Isabel dos Santos became Africa’s wealthiest woman.
Regulatory Updates
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Attention! Another Regulatory Warning Against SpotInvest Broker Scam!
A while ago, Spanish regulator CNMV warned against the broker scam BBanc, allegedly operated by St. Vincent & The Grenadines registered Primis LLC (report here). On 8 Sept 2022, the UK FCA warned against this offshore broker, as did the French AMF and the Canadian FCNB. Primis LLC was also the operator of the vanished FX Changer scam. The UK FCA warned against SpotInvest, another scam operated by Primis LLC. SpotInvest acts as a clone of FCA-regulated Spot Finance Limited.
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The Red Listed Former Binary Options Scam YesOption And Its New Life!
YesOption was one of the infamous Israeli Binary Options scams operated through Diamond Global Ltd in the Marshall Islands. Payment services were processed through Global Online Solutions Ltd in the UK. One of the payment processors was Cyprus-regulated PowerCash21 (now Payabl). In 2015, the U.S. CFTC placed YesOption on its red list. Today YesOption.com is operated as a broker review platform and as an IB for other brokers like IQ Option or Olymp Trade.
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High-Risk Payment Processor Payabl Continues Explosive Growth With Porn Merchants.
While Laila Mickelwait continues to fight tirelessly on Twitter against Pornhub and the sexual abuse and illegal content on sex sites, the German-Cypriot high-risk payment processor Payabl (www.payabl.com) which specializes in porn sites, continues to grow unabated. Last month, the website recorded around 20% more visitors than the previous month. Most of the website visitors come from German porn sites like xHamsterLive and StripChat.
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