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Popcorn Days: Wirecard Trial Starts With Open Questions About Its Shadow Structure!
The Wirecard trial begins on 8 Dec 2022. The main question will be: Who is responsible for the scandal? Markus Braun, the founder and former CEO, Oliver Bellenhaus, managing director of Wirecard Dubai, and the former head of accounting, Stephan von Erffa have to answer critical questions! Braun and his accomplices are alleged to have operated Wirecard as a criminal organization, the indictment says. The court has scheduled 100 days of hearings. In an underground courtroom.
Latest Updates
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Breaking: Germany Prohibits Cash And Crypto Payments For Real Estate Transactions!
The German parliament has passed a cash and crypto ban on real estate purchases. Cash or crypto will no longer be permitted when buying real estate, a new law stipulates. Among other things, it is intended to facilitate the enforcement of sanctions. Notaries are to monitor the ban and report violations. A central office for sanction enforcement at the federal level will be created to supervise sanctions and, additionally, to fight financial crime.
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Ridiculous: German Crypto Con Man Receives Only 39-Months Prison Time! No Restitution Payments!
He is considered to be the most famous crypto con man in Germany. Joerg Molt, who for years posed as a "Bitcoin Co-Founder," was charged with embezzlement and fraud in 262 cases and sentenced by the competent court to 39 months in prison for embezzlement. The victims are stunned by the lenient sentence. He is alleged to have embezzled at least 80 BTC, equivalent to around €1.4 million. The court could not establish the fraud beyond reasonable doubt and acquitted him in this regard.
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Illegal Online Gambling In The U.S. Attracts More Than $400 Billion Per Year!
A new report commissioned by the American Gaming Association (AGA) has estimated that Americans bet more than $510 billion a year with illegal and unregulated land-based or online operators. This costs the legal industry $44.2 billion in gaming revenue and state governments $13.3 billion in lost tax revenue. Illegal online gambling attracts nearly $402 billion, of which $64 billion are spent at illegal online sportsbooks and $338 billion at illegal online casinos.
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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UK FCA Fines Julius Baer And Bans Executives For Corrupt Business With Russian Yukos!
The UK FCA has fined Julius Baer International Limited (JBI) £18,022,500 for failing to conduct its business with integrity and taking reasonable care to organize and control its affairs. The FCA has also decided to ban Gustavo Raitzin, former Regional Head for Bank Julius Baer (BJB), Thomas Seiler, former BJB Sub-Regional Head for Russia and Eastern Europe and JBI non-executive director, and Louise Whitestone, former relationship manager on JBI’s Russian and Eastern European Desk.
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Amid Crypto Contagion, Binance Acquired Regulated Japanese Crypto Exchange!
Binance re-enters the Japanese markets a year after it was warned by regulators about its unauthorized activities. The world's largest crypto exchange, owned by Changpeng Zhao, announced that it had acquired 100% of Sakura Exchange BitCoin (SEBC), the Japanese-registered crypto exchange service provider. Through this acquisition, Binance addresses the Japanese market with an entity regulated by the Financial Services Agency (FSA).
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Interpol’s HAECHI III Operation Results in 975 Arrests And $130 Million Seizure!
After five months of collaboration with law enforcement agencies in up to 30 law jurisdictions, INTERPOL’s Financial Crime and Anti-Corruption Centre (IFCACC) conducted action days to crack down on cyber-enabled financial crime and money laundering. In this global so-called HAECHI III operation, 975 suspects were arrested, and almost $130 million was seized.
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