Category: Illegal gambling

Curacao meets Malta in gambling scandalI
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December 15, 2024

Illegal Gambling: Update on BC.Game & Rabidi Scandals with Maltese IGA Group. Request 4 Information!

The scandals surrounding the collapsed crypto gambling platforms BC.Game and Rabidi deepen. With its bankruptcies in Curacao, allegations of illegal license transfers and questionable offshore operations have emerged. Investigations now target the involvement of high-profile figures such as former Maltese Gaming Authority (MGA) chairman Mario Galea and the Maltese IGA Group.
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Criminal complaint in Curacao around the Rabidi and BC.Game casesC
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December 14, 2024

Curaçao Gambling Scandal Explodes: Minister and Maltese Insiders Face Criminal Allegations

Opposition politician Luigi Faneyte is taking aim at Curaçao's Minister of Finance Javier Silvania and the Gaming Control Board (GCB) with allegations of corruption, money laundering, and regulatory failures. A supplemental criminal complaint highlights systemic mismanagement in the issuance of gambling licenses and the facilitation of illegal crypto-casino operations.
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Curacao faced with charges over corruption and money laundering in the gambling licensing environmentO
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December 6, 2024

Online Gambling: Lokinvestigation in Curaçao, its Maltese Connections, and How to Shut Down!

For many years, the far-far-away Curacao was the regulatory mecca of global online gambling. But that is over. The Lokinvestigation, spearheaded by opposition politician and forensic investigator Dr. Luigi Faneyte, reveals systemic failures and alleged corruption in Curaçao’s online gambling sector. With ties to Maltese investors and global financial networks, the report demands transparency but also carries political implications.
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NovaForge operates illegally operating casino and gambling platformsF
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December 3, 2024

Financial Intelligence Report: NovaForge Ltd – The New Face in the Illegal Online Casino Scene!

In recent investigations, FinTelegram has uncovered NovaForge Ltd as a significant operator in a globally active network of illegal online casinos. Operating anonymously through multiple brands and domains, this network defies regulatory frameworks in Europe, North America, and Asia, continuing the legacy of the defunct Rabidi Group.
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Offshore regulations in Anjouan and Curacao and the Philippines in a comparative analysisA
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December 3, 2024

Anjouan Gaming Licenses: A Comparative Analysis of Legitimacy and Regulatory Oversight!

The global online gambling industry is a complex landscape, with various jurisdictions offering licensing frameworks of differing rigor and credibility. Among these, Anjouan Gaming has emerged as a licensing body, presenting itself as a legitimate regulator. However, a critical examination reveals significant concerns regarding its legitimacy and oversight.
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The bankruptcy proceedings around illegal gambling scheme BC GameC
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December 2, 2024

Curacao’s Next Bankruptcy Scandal in Illegal Gambling: Following the Shaky Trails of Rabidi!

The insolvency of Curacao-based Blockdance BV, the former operator of BC.Game, and the subsequent asset transfer to Small House BV has created a complex legal and financial situation with significant implications for the online gambling industry. This is already the second case after Rabidi N.V., where the assets were also transferred and disappeared shortly before the bankruptcy.
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Online Gambling and money laundering in IndiaI
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November 19, 2024

India’s Online Gaming Boom: A Financial Crime Hotspot?

India’s online gaming sector is booming, with over 90 million daily players and a projected revenue of $7.5 billion by 2029. But behind the glittering numbers lies a darker reality: rising fraud, money laundering, and even terrorist financing risks, as highlighted in a recent report by the Digital India Foundation (DIF). India's 568 million gamers drive this promising market segment. However, money laundering poses a massive threat.
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The SoftSwiss Case explained by FinTelegramR
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November 12, 2024

Russian Entrepreneurs and Their Expanding Influence in Online Gambling and Crypto Payments

The Russian entrepreneurs Roland Isaev and Paata Gamgoneishvili have secretly emerged as major players in the online gambling and crypto payment processing sectors, with their influence extending through complex business structures in various jurisdictions. FinTelegram's ongoing investigations reveal their involvement with key entities, such as the SoftSwiss and Merkeleon groups, which they appear to control through ownership stakes and strategic acquisitions.
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illegal casino operator Starscream and the flow of money via CyprusS
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September 12, 2024

Starscream Casinos: Offshore Casino Operator, Potential Regulatory Evasion, Payment Facilitators, and More Cyprus Connections!

Online casinos are easily transferable digital assets. The transfer of Gammix Ltd's casinos to offshore operator Starscream Ltd raises serious questions about the continued illegal gambling activities in Europe. Despite massive penalties from the Dutch regulator KSA, Gammix appears to have simply shifted its operations offshore, where it continues to flout regulatory oversight facilitated by regulated payment processors.
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Online Casino Cazimbo and its Payment FacilitatorsR
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August 22, 2024

Report on Cazimbo Casino: The Role of Payment Processors in Facilitating Illegal Online Casinos!

Another day, another exposed illegal online casino facilitated via Cyprus. Payment processors play a crucial role in sustaining this underground economy. FinTelegram's research repeatedly reveals that without these facilitating payment processors, many illegal online schemes, particularly in the gambling sector, would not thrive. Currently, we are focusing on the brands of the collapsed Rabidi Group that continue to operate anonymously and unauthorized. Here is our report on Cazimbo.
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The Rabid Network around Denys ButkoT
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August 21, 2024

The Rabidi Case: The Mysterious Actions of Beneficial Owner Denys Butko and Other Connections

The case of the Rabidi Group is a prime example of the opacity of the online casino sector. Rabidi, once a significant player in the online gambling industry with a Curacao license, has recently come under scrutiny after the group's sudden disappearance following its bankruptcy in June 2023. Following FinTelegram reports, Denys Butko, the alleged beneficial owner recently deleted his LinkedIn profile.
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Cryptocurrencies facilitate illegal businessesT
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August 13, 2024

The Role of Cryptocurrencies in Facilitating Illegal Online Gambling Operations!

With the rapid adoption of cryptocurrencies, the global landscape of illicit businesses, particularly in the online gambling sector, has seen a significant expansion. Despite heightened regulatory scrutiny, cryptocurrencies continue to operate beyond national borders, enabling illegal online casinos and gambling platforms to thrive. This phenomenon has created substantial challenges for authorities.
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