gambling schemes | FinTelegram News

Category: gambling schemes

March 21, 2023

A Maltese Casino Fined A Pittance For Facilitating A Drug Dealer And A Tax Evader!

Casino Malta Limited failed to report suspected activities by an alleged drug trafficker and another player linked to bribery and tax evasion. Malta’s FIAU announced it had fined Casino Malta, run by Eden Leisure Gaming, €233,000 for serious and systemic failures in its measures to prevent financial crime. The directors of the casino are Ian De Cesare, Kevin De Cesare, and Corey David Plummer. Allegedly, Malta’s Prime Minister Robert Abela was legal counsel to the Eden Leisure Group.

February 22, 2023

Kindred Group: Money Laundering Issues, And Its ‘Passiv’ Business Approach In Norway!

Norway has a strict regime when it comes to gambling and betting. Norsk Tipping and Norsk Rikstoto are the only companies allowed to offer gambling..

February 12, 2023

Introducing Online Casino & Sportsbook Operator Rabidi And Its Payment Processors!

GREATwin is one of the many online casino and sportsbook brands of Radini N.V., which operates in the EU with a Curacao license and processes payments through the Cyprus-based payment agent Tilaros Limited. According to Similarweb data, almost 100% of GREATwin website visitors come from EU jurisdictions, with visitors from Germany and Italy accounting for almost 70%. PaymentIQ and Payabl are GREATwin's main payment facilitators. Here is our initial review.

February 1, 2023

Urgent Warning Against Bet Swagger And Cyprus Payment Processor Pulsion Processing!

It is currently common for online casino, sports betting and gambling operators equipped with an e-gaming license in Curacao to have a payment subsidiary in Cyprus. This also has the advantage of having a location in the EU. The operator of Bet Swagger, Usoftgaming N.V., has also chosen this structure and processes the payments of its customers via the Cyprus-registered Pulsion Processing Ltd. We have heard massive complaints from several customers of this scheme. Therefore, we issue a warning.

January 2, 2023

Update: High-Risk Payment Processor Payabl Evidently Had A Great Year!

We have been following the activities of the Cypriot high-risk payment processor Payabl since times when the company was still called PowerCash21. Since former Wirecard executives founded the company, it naturally enjoys attention. Measured with Similarweb data, 2022 was apparently a fantastic year for Payabl, with growing visits from the porn, gambling, and investment industries. Most recently, we found CySEC broker BDSwiss and the online casino Goldenstar as payable clients.

December 21, 2022

Payment Monitor: Payabl Facilitates Online Casinos Lucky Dreams And Bitdreams!

Payabl (formerly PowerCash21), a payment institution regulated in Cyprus by the Central Bank of Cyprus, was founded by former Wirecard executives Dietmar Knoechelmann and Ruediger Trautmann. Payabl is a high-risk payment processor specializing in the porn and gambling industries. Payabl is also a payment facilitator for the online casinos Lucky Dreams and Bitdreams. The payment agents are the Cyprus-based Friolion Limited and Libergos Limited, respectively.

October 27, 2022

Cyprus-Based High-Risk Payment Processors For Online Casino Operators

Cyprus is certainly the hotspot in Europe for high-risk payment processors and PayTechs working for financial service providers and online casino operators. Many unlicensed and Curacao-licensec Online casinos use companies registered in Cyprus as their payment processors. It is therefore consistent to conclude that a significant portion of the revenues of unlicensed or offshore-licensed online casinos ends up in Cyprus. We would like to know more about this.

October 26, 2022

Looking Into MGA-Regulated Shark77 And Some Money-Laundering Considerations!

FinTelegram has looked at both investment and trading providers and facilitating payment processors over the past few years. The latter are the most important element for the operation of B2C services. Customers need to be able to deposit and withdraw. Very often we have found violations of regulatory requirements and AML/CFT specifications. Going forward, we also want to take a look at gambling schemes from a payment perspective, starting with MGA-regulated Shark77 Limited.

January 2, 2022

Cybercrime billionaire Gery Shalon ordered to pay €413 million to U.S. Government!

Gery Shalon has certainly redefined financial cybercrime and took it to the next level. He started his dark career the with illegal online gambling business. In 2012, he expanded into online investment fraud, securities manipulation and cryptocurrencies. He was indicted in 2015, pled guilty in 2017, and has to pay more than $413 million to the U.S. Government for his cybercrime offenses. He is believed to have assets of about $2 billion.

April 26, 2021

Daily Affiliate Warning – Fake News article promotes Lottery Heroes scheme!

Another email from Jason Voghel and the email address [email protected] Oh yes, from Jason Voghel, we get a lot of emails from various email addresses. Today we are promised "Big Money" if we activate our account. The link in the email takes us to a fake EUROMONEY article on the Russian site https://lhfrist.ru. The article hails getting rich via the Lottery Heroes scheme. One is also led to thelottery betting site Lottery Heroes (www.lotteryheroes.com) if one wants to sign up for the new riches.