Illegal Payment Services | FinTelegram News

Category: Illegal Payment Services

November 24, 2022

Urgent Warning Against Broker Scam CT Matador!

We have warned against the broker scam CTMatador for several months now. Trustpilot warns against fake reviews CTMatador has used to present itself as reputable. But the scam is still online and attacking consumers. As payment processors, we discovered the notorious scam facilitators Finanic, GameChangers, ChargeMoney, and Paypound. In our today's review, none of the payment options worked. Currently, the payment system is not active; it seems like the scam is about to vanish!

November 21, 2022

Payvision: How To Make Business With Criminals!

ING's current subsidiary Payvision will close in 2023. The reason for this was the massive involvement of Payvision in cybercrime and money laundering activities under its founder and former CEO Rudolf Booker. Booker sold Payvision to ING for around €350 million in 2018. How unabashedly Booker did business with cybercrime organizations as CEO is shown files from the criminal proceedings against convicted fraudster Gal Barak. Here is a remarkable scene from the criminal file!

November 6, 2022

Merchant Alert: New High-Risk Payment Processor BizzBusters Ante Portas!

BizzBusters Ltd was a UK-registered company founded in 2012 by Indian Anurag Pratap Singh, the husband of British-Indian high-risk payment scammer Ruchi Rathor. The company was dissolved in 2016 via a compulsory strike-off and has disappeared. According to whistleblower information, BizzBusters is now to be revived via an Indian company. The mastermind behind the BizzBusters project would be Ruchi Rathor's son-in-law, Yuvraj Singh, and his brother Swaraj Singh.

November 2, 2022

New Allegations Against Payvision Founder Rudolf Booker, Who Sees A Witch Hunt!

Since the money-laundering prosecution of Payvision and its founders became known, the Dutch media has been intensively interested in the founder Rudolf Booker but also in the role of ING. In an interview with Financieele Dagblad, Rudolf Booker sees a witch hunt against him. The authorities are investigating whether ING paid an inflated purchase price for Payvision. Booker indignantly rejects all accusations and points to ING.

November 1, 2022

Breaking: Irish Court Holds Cartu Brothers And Directors Liable For Binary Options Fraud!

The US citizen Bill Powers, a 71-year-old retiree, invested in Glenridge Capital and lost $124.000. He is one of 35 investors who have sued in Ireland, claiming $4.6m in losses. Glenridge Capital is one of the many binary options schemes operated via the Irish GreyMountain Management Ltd (GMM), controlled by David Cartu and his brother Jonathan Cartu. The court found that GMM's shadow directors and directors are liable for the fraud actions and client losses.

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.

October 21, 2022

Urgent Warning Against spotyfx Broker Scam!

Currently, there are (as almost always) many crypto scam campaigns running again that recruit clients for broker scams via the promise of quick and easy riches. Anyone who registers with these campaigns like Bit AI is immediately redirected to the payment page of the broker scams. One of them is spotyfx, which is operated through NVS LLC, registered in St. Vincent & The Grenadines. Stay very far away and protect your financial health.

October 15, 2022

Breaking: Payvision And Rudolf Booker Prosecuted For Alleged Financial Crime Facilitation!

According to a report by De Nederlandsche Bank (DNB), criminal investigations have been launched against Payvision, the Dutch media outlet FD reports. The Amsterdam-based ING subsidiary allegedly deliberately neglected money laundering controls for years. The Dutch regulator DNB reportedly warned ING about the deficiencies several times but saw little improvement. According to FD research, Payvision, Rudolf Booker, and Cheng Li are the suspects in this criminal case.

October 8, 2022

Investor Warning Against Eudaimon Consulting And Its Broker Scams!

Eudaimon Consulting LLC, registered in St. Vincent & The Grenadines, runs several broker scams. So far, we have discovered TradingTech and AceInvesting. Several regulatory warnings have already been issued against the operator of the scams. Spain's CNMV issued a warning on 21 Feb 2021, and Austria's FMA followed on 22 Feb. The German BaFin warned against the entity and its StellarFX broker scam. Stay away; protect your money, data, and financial health.

October 7, 2022

Attention! German BaFin Warns Against StellarFX and Eudaimon Consulting!

September 30, 2022

Update On High-Risk Payment Processor Fibonatix

Fibonatix, founded by the Israeli Tal Miller, is an Israeli high-risk payment processor and used to be a notorious scam facilitator. It was one of the payment processors of Gal Barak's cybercrime organization E&G Bulgaria. In his trial, Barak confirmed that in addition to Payvision, Fibonatix was laundering the stolen funds. Since 2018, Fibonatix has been an FCA-regulated payment institution and opened offices in Berlin last year to focus on the DACH region!

September 26, 2022

Urgent Warning! Broker Scam SoltechX Still Chasing European Consumers

In April 2022, we warned against the broker scam soltechX, operated by the offshore entity Maxx LLC, registered in St. Vincent & The Grenadines. This entity has also operated other scams. As payment facilitators, we found the notorious BridgerPay, PayPound, and PayStudio. The boiler rooms behind soltechX and related scams are in Ukraine and Serbia. Max LLC is related to Cubic Services Ltd, another offshore scam operator with boiler rooms in Ukraine and Serbia.