Category: FinCEN

payment group payset with Jubiter and CoindeckI
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September 7, 2021

Introducing crypto payment processor Global DLT Exchange with Jubiter and Coindeck

Coindeck is a new high-risk crypto payment processor brand operated by Slovakia-based Global DLT Exchange S.R.O., which also operates Jubiter. The latter was the trade name of Estonian Jubiter Technologies OÜ, which was licensed until February 2021. After many scam involvements, the company lost or renounced its license. Jubiter was transferred to Global DLT Exchange S.R.O. but continued to surface as a scam facilitator. Frequently together with BridgerPay. Most recently, we also found both in the GoldBachInvest scam.
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CFTC complaint against BitMEX and its individualsU
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August 11, 2021

U.S. court orders crypto broker BitMex to pay a $100M penalty to CFTC and FinCEN

The U.S. CFTC and FinCEN announced that the U.S. District Court for the Southern District of New York entered a consent order against five companies charged with operating the BitMEX cryptocurrency derivatives trading platform. The companies are HDR Global Trading Limited, 100x Holding Limited, ABS Global Trading Limited, Shine Effort Inc Limited, and HDR Global Services (Bermuda) Limited. BitMEX has received more than $11 billion in bitcoin deposits and made more than $1 billion in fees.
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Trade Com Racket and its crypto payment facilitatorsT
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June 20, 2021

Trade Com Racket – More scam-facilitating crypto payment processors exposed

The crypto exchange Crypto4x (www.crypto4x.net) is a clone of the crypto exchange Tradient (www.tradient.net). There are more of these Tradient clones, such as Qxtrade (www.qxtrade.co) or CrypTek (www.cryptek.fr). According to information from our whistleblowers, these are payment processors in the Trade Com Racket, just like the Latvian Paybis (www.paybis.com), a FinCEN-registered money service business. The Trade Com Racket operates a huge network of broker scams.
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WSJ and Forensic News about Wirecard and FBME and Eaze schemesW
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July 22, 2020

Wirecard – Braun and 3 others arrested; Phony merchants, a porn baron, marijuana, and transaction laundering

In March 2020, the German payment expert Ruben Weigand and the so-called "porn baron" Hamid “Ray” Akhavan have been arrested in California on charges of running a global money-laundering scheme. The center of this scheme is one of the largest on-demand marijuana marketplaces in the US, Eaze Technologies Inc. Both pleaded not guilty but remained in custody at a jail in California. Both have already been involved in the mega-money-laundering scheme of FBME Bank. And yes, there is a rather close connection to Wirecard. Consequently, Markus Braun war arrested again today.
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