The case around the fraudulent binary options industry and its facilitating payment processors is still not closed. The illegal German payment processor B2G GmbH, operated by Rainer Treuer and Oleg Shvartsman, has been implicated in facilitating large-scale financial fraud. This report outlines the known details of their activities, the legal actions taken, and the unanswered questions surrounding their lack of prosecution.
Background on B2G GmbH
B2G GmbH, based in Cologne, Germany, is notorious for its role in enabling fraudulent binary options and broker scams such as Option888, Blue Trading, and others. The company processed stolen funds from victims through German and Czech bank accounts, deducting substantial fees before transferring the money to scammers. This operation defrauded thousands of retail investors, resulting in tens of millions of euros in losses.
Legal Actions Taken
- Money Laundering Complaints: In March 2020, the European Funds Recovery Initiative (EFRI) filed a criminal complaint against Rainer Treuer and Oleg Shvartsman for money laundering. The complaint was based on extensive evidence from victims’ deposit slips and direct communications proving B2G’s complicity in scams.
- Seizure of Funds: German prosecutors seized €2.5 million from related accounts in 2019. However, these funds have not been distributed to victims, raising concerns about the handling of restitution payments by German authorities.
- Pending Cases: The case against B2G remains under investigation by the Cologne public prosecutor’s office. Despite the overwhelming evidence, no charges have been filed against Treuer or Shvartsman to date.
Unanswered Questions
- Why No Prosecution?: Despite clear evidence of B2G’s involvement in facilitating scams, neither Rainer Treuer nor Oleg Shvartsman has been charged. This raises questions about potential inefficiencies or obstacles within the German legal system.
- Where Are They Now?: The current whereabouts of Treuer and Shvartsman remain unknown. Are they evading justice, or is there a lack of international coordination to apprehend them?
- Victims’ Restitution: Why have the seized funds not been distributed to victims? This failure undermines trust in the legal process and leaves victims without compensation for their losses.
Call for Action
We at FinTelegram urge our readers, insiders, and whistleblowers to come forward with any information regarding:
- The current location or activities of Rainer Treuer and Oleg Shvartsman.
- Details on why charges have not been filed despite extensive evidence.
- Insights into the handling (or mishandling) of seized funds by German authorities.
FinTelegram remains committed to investigating this case further and holding all involved parties accountable. Victims deserve transparency, justice, and restitution for their losses.
