Charlene Lensburg | FinTelegram News

Author: Charlene Lensburg

July 24, 2020

Wirecard cybercrime case turns into a lethal EY scandal

The Wirecard cybercrime case is developing more and more of a lethal scandal for the auditor EY. Over the years, EY may have systematically failed to ask critical questions and to carry out proper auditing activities. For years, unqualified audit opinions were issued and fueled the Wirecard hype. Such an unqualified audit opinion was apparently also planned for 2019, despite the many publicly known facts and despite the KPMG report already available. This was disclosed to the Financial Times by a whistleblower.

July 23, 2020

CySEC approves plans for the voluntary renouncement of the licenses of Rodeler and Hoch Capital

FinTelegram has reported on 21 July 2020 that Rodeler Ltd is voluntarily renouncing its CySEC license. Consequently, 24option, the trading style of the broker will also be terminated. On the website of 24option (www.24option.com) customers are informed that the operation will be closed as of August 20, 2020, the "Termination Date." The CySEC announcement states that this license renouncement has already been decided as of July 6, 2020.

Enforcement Actions

July 20, 2020

US judge’s son killed and husband shot at home in shooting attack

A gunman disguised as a FedEx driver shot and killed the son of U.S. District Judge Esther Salas, 51, and wounded her husband at their New Jersey home on Sunday, law enforcement confirmed to The Washington Post. The judge was not injured in the shooting. The FBI, U.S. Marshals, and local authorities are investigating.

July 11, 2020

Wirecard – A DAX-listed Russian Laundromat protected by German Authorities?

Suddenly everyone is wondering. Suddenly, information about Wirecard's strange business practices appears everywhere. The involvement of the DAX-listed Wirecard as a payment processor in high-risk businesses such as porn, gambling, or online trading but also the support of illegal and fraudulent transactions such as binary options or marijuana trading are suddenly accepted reality.

Cyberscams

July 5, 2020

Instagram Influencers arrested in Dubai in $430 Mio Cyberscam

Not a Nigerian prince, but a Nigerian influencer named Raymond Abbas was recently arrested in Dubai. The man with some 2.4 million followers on Instagram is said to have cheated them out of hundreds of millions. The damage is said to amount to approximately $431 million. The 38-year-old man is accused of credit card theft.

June 28, 2020

Well-known Belgrade Lawyer Attacked and Defamed

The victim of these attacks in Belgrade is not unknown on the international scammer scene. Marko Vujosevic, 39, is a well-known lawyer in Belgrade and a partner in the law firm Vujosevic & Partner. Allegedly Vujosevic was attacked by several thugs. In addition, large posters (see featured image) have been put up in various places in Belgrade in which Vujosevic is described as a thief, forger, and crook.

June 26, 2020

Wirecard Case – EY is not a victim but a facilitating auditor

The insolveny of Wirecard must be a satisfaction to the journalists and editors of the Financial Times. They have critically reported on the so-called Wirecard House of Cards on the basis of facts since 2016. A very important question in this context is the one about the role of EY in this scandal?

November 20, 2019

Broker Scam Investigations in Germany – Names of Suspects disclosed

The investigations of the EU authorities into broker scams involving the German Uwe Lenhoff and his partners Gal Barak, Gery Shalon and Vladislav Smirnov are..

October 30, 2019

Open Letter: We are against the lifting of the CVM for Bulgaria!

As of October 22, the European Commission (EC) issued its annual report on the progress made by Bulgaria and Romania in its justice reform and..

October 9, 2019

Fact check: Will Envion founders really donate millions to the crypto community?

This article has originally been published on Envion Watchdog on Oct 6, 2019, and is republished on FinTelegram with the respective permission What is going..

September 24, 2019

EU Groundhog Day – Bulgarian court again adjourned decision on Gal Barak extradition while U.S. courts aggressively go for his former partners!

Today another trial took place in Sofia, Bulgarian. Again, the Austrian authorities' request for the extradition of the Israeli citizen Gal Barak, who lives in Sofia, was to be decided. Again, the decision was adjourned. Scheduled for 21 October 2019 now.

September 8, 2019

Important Victims Information – Veltyco Group Annual General Meeting scheduled for Sept 19, 2019

This Annual General Meeting (AGM) is a very important date for all shareholders of Veltyco but also for the victims of the many scams of..

The Unraveling of Rabidi and the Rise of the SoftSwiss Network: Our Updated Forensic Report

A few months ago, FinTelegram released a first forensic report on the bankruptcy of Rabidi N.V., a Curacao-registered online casino operator with hundreds of millions in revenues — and no traceable assets by the time of its collapse in May 2024. That report already raised serious questions about the opaque structures behind Rabidi’s operations and its successor, Liernin Enterprises Ltd.

DeFi Decoded: Smart Contracts – The Code Behind the DeFi Revolution

Smart contracts are the invisible architects of decentralized finance. These self-executing lines of code run everything from token swaps to lending platforms without middlemen. But while they offer autonomy, they also introduce new risks—bugs, exploits, and irreversible mistakes. In this fourth installment of our FinTelegram DeFi Series, we explain what smart contracts are.

CFTC

Despite New Crypto Friendlyness: No Settlement Between U.S. CFTC And KuCoin?

A planned settlement between the U.S.CFTC and crypto exchange KuCoin is now in limbo due to a reported policy shift within the CFTC. This change is attributed to the Trump administration’s new approach, which deprioritizes enforcement actions against crypto companies. As a result, a CFTC attorney said that it is "unlikely that such authorization will be granted in the near term" regarding the settlement approval.

SEC’s New Era: Paul Atkins Sworn In—Will Crypto Finally Get the Regulatory Clarity It Deserves?

The U.S. Securities and Exchange Commission (SEC) has entered a new chapter with the swearing-in of Paul S. Atkins as its 34th Chairman, a move widely anticipated to mark a dramatic pivot in how the agency approaches crypto and DeFi regulation. For years, the financial industry—especially the burgeoning digital asset sector—has bristled under the SEC’s “Regulation by Enforcement” strategy.

Crypto Mogul Changpeng Zhao – Fallen, Rich, and Rising Again?

As spring 2025 blooms and Easter’s themes of rebirth fill the air, Changpeng Zhao emerges as one of the most controversial figures of startup mythology: a man who fell spectacularly, paid a price—then rose again, wealthier and louder than ever. Once the almighty architect of Binance, CZ now resides in Dubai with a net worth that Forbes estimates at $63 billion.