Category: Illegal gambling

Warning against illegal gambling provider RichKing CasinoU
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October 25, 2022

Urgent Warning Against Illegal Gambling Site RichKing Casino Facilitated By PayOp, PayDo, And Coinspaid!

Currently, the online gambling and casino site Rich King a/k/a Rich King Casino acquires customers in Germany and other countries in the EEA region. The website does not list any legal entity as its operator and does not have any license in Germany or any other EEA country that we know of. The activities of Rich King, therefore, qualify as illegal. We have discovered PayOp, PayDo, CoinsPaid, and PunRun Limited as payment facilitators. They are integrated into the Praxis payment gateway.
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High-risk processor SumopayU
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September 5, 2022

Update On High-Risk Payment Processor SumoPay!

In early August 2022, we issued a whistleblower request regarding the high-risk payment processor SumoPay founded by the US citizen Kevin Ring. After our initial request, the website with the domain www.sumopay.io vanished. Still online is www.sumopay.org. The payment processor specializes in (illegal) online gambling sites in Asia and processes their payments for fake merchants. Whistleblower exposed Futures Inc. (https://futures-inc.co.jp) as one of these fake merchants. We would like to know more.
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Lithuanian crypto exchange Hypeycto facilitated illegal gamblingW
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August 23, 2022

Whistleblower Request: Lithuanian Crypto Exchange Hypeycto Allegedly Facilitates Illegal Gambling!

The Lithuanian crypto exchange Hypeycto UAB with offices in Lithuania and Azerbaijan, is allegedly facilitating illegal online gambling businesses in Japan such as market leader Vera John and Casino Secret. The crypto payment processor developed an international web of merchants disguised as technology and creative services companies. Illegal gambling proceeds are received by the Hypeycto merchants and laundered via the company's crypto exchange. We would like to learn more.
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Whistleblower request for high-risk processor SumoPayW
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August 1, 2022

Whistleblower Request – High-Risk Payment Processor SumoPay!

FinTelegram readers know that in our research and reporting, we emphasize high-risk payment processors that, unfortunately, very often act as facilitators of cybercrime organizations and their illegal activities. For this reason, we also founded the cyberfinance rating agency PayRate42 together with partners a few months ago with the mission to list, review, and rate them. Today we would like to know more about the high-risk payment processor SumoPay operating in Asia.
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Law enforcement actions against cybercrime organizations in Israel Cyprus and UkraineP
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June 3, 2022

Prison Time! German Law Enforcement Goes Against Malta’s Licensed Gaming Firms!

German law and tax enforcement agencies have recently started investigating international iGaming companies operating in Germany. Several MGA-regulated Malta-based iGaming companies received letters from the German tax authorities. iGaming operators are subject to German VAT and sports betting tax if the German market is targeted. Not reporting these taxes is seen as tax evasion and thus a criminal offense and causes liability for the directors such as Iosif Galea. He was arrested!
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Disgraced Maltese regulator MGAE
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April 13, 2022

Embarrassing: And Malta Gaming Authority official is investigated for basketball match-fixing

How much disgrace and national damage can regulators produce? In Malta, a lot! A Malta league basketball match is the subject of a major police investigation in Malta. The smallest EU country is well-known as a hub for gaming companies. One of the match players, Anton Axiaq, happens to be a Malta Gaming Authority (MGA) official. He works within the IT section. Maltese media reported that a criminal police investigation is underway.
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MGA-regulated Maltese gambling operators violate EU gambling lawsM
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March 20, 2022

MGA-regulated Maltese gambling companies systematically violate EU laws!

Casinodep is an iGgaming website operated by Maltese Winzon Group Limited, regulated by the Malta Gaming Authority. Recently, the Belgian Gaming Commission added Casinodep to its List of illegal gambling sites. The Latvian nationals Dmitrijs Kuznecovs and Maksims Terehovics are the beneficial owners of the Winzon Group. According to the Malta Business Registry, the Maltese Lawyer David Meli is the company director.
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