Category: Illegal Payment Services

The SoftSwiss Case explained by FinTelegramB
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December 17, 2024

Breaking: BR Investigation Uncovers Wirecard and SoftSwiss Ties in Illegal Gambling Schemes!

A deep-dive investigation by Bavarian broadcaster BR has exposed significant connections between the collapsed Wirecard and Berlin-based SoftSwiss, run by Belarussian national Ivan Montik. The report, part of BR's Gambling without Rules series, highlights SoftSwiss' extensive role in operating illegal online casinos targeting Germany.
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Former CoinsPaid executive alleges the company on LinkedInE
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December 16, 2024

Explosive: Former CoinsPaid Executive Frederic Hubin Alleges Fraud and Illegal Gambling Involvement!

A few hours ago, the former CoinsPaid executive Frederic Hubin accused the Estonian-based crypto payment processor CoinsPaid of fraudulent activities in a LinkedIn post directed at the Estonian FIU. As an insider, Hubin’s claims add significant weight to ongoing concerns surrounding CoinsPaid and its affiliated entities, including their ties to SoftSwiss and Austrian-registered A.R. Merkeleon GmbH.
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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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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 warning against Liernin Enterprises and its practicesC
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September 2, 2024

Cybercrime Alert to Payment Processors: Warning Against Acceptance of Anonymous Domain app-paymentgw.pgws2b.com

The FinTelegram research team has identified a suspicious domain https://app-paymentgw.pgws2b.com currently deployed by several anonymously operated online casinos of Liernin Enterprises, including Malina Casino, Talismania, SlotUna, and others. This domain has been flagged due to its association with activities that potentially violate financial regulations and legal standards for online gambling.
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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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ChanneltoPay.com payment domain and its networkW
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August 12, 2024

Whistleblowers: Let Us Have More Information About the High-Risk Payment Domain ChanneltoPay.com!

As part of our follow-the-money strategy, which involves systematic analysis of high-risk sectors, we have identified a new domain being utilized for processing payments related to unauthorized online casinos and gambling operations: ChanneltoPay.com. This domain is not associated with any visible website and appears to function solely as a payment gateway (API). We are seeking to determine the registrant and operator responsible for this payment domain.
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FinTelegram review of the casino operator Altacore and its payment facilitatorsR
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August 5, 2024

Review: Unauthorized Online Casino Betify, its Payment Facilitators, and the Open Banking Issue!

While the main website of the Betify online casino, Betify.com, states Altacore N.V. has a Curacao license as an operator, various other Betify websites do not provide any information about the operators. Costa Rica is stated as the jurisdiction responsible for the terms and conditions. In our reviews at the beginning of August 2024, we discovered the Cyprus-registered Altaprime Limited as the payment processor for anonymous and illegal casino activities.
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Red flags for FCA-regulated payment institution NodapayR
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July 30, 2024

Review: FCA-Regulated High-Risk Payment Processor Noda and Illegal Online Casino Activities.

Naudapay Limited, operating under the brand name Noda.live, is a UK-based payment institution regulated by the Financial Conduct Authority (FCA). Noda.live provides open banking services, facilitating secure and efficient payment processing for various sectors, including online gaming. However, recent investigations have raised concerns regarding its potential involvement in illegal online casino activities, particularly through the domain https://bankstransfer.com.
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