Illegal Payment Services | FinTelegram News

Category: Illegal Payment Services

May 21, 2019

Protected: The FinTelegram Impact – Zoo Scam Brokers Update

There is no excerpt because this is a protected post.

May 20, 2019

Binary Options – Illegal Broker Eclipse Finance Exposed

The Uk Financial Conduct Authority (FCA) included Eclipse Finance in its list of unauthorised binary options firms as did the Hong Kong Securities and Futures..

May 19, 2019

Request for Information – Who Are The ‘Zoo Broker Scam’ Operators Behind Silver Wolf, Brown Fox, Blond Bear, Or Blue Seal?

Update May 20, 2019 (5.30pm): Offer, the ExchangeITonline CEO sent an email to FinTelegram today saying that his crypto exchange is not doing business with..

May 17, 2019

Europe – The Land of Milk and Honey for Cybercriminals?

The original article on Uwe Lenhoff and his cybercrime organization by Uwe Ritzer appeared in German the Sueddeutsche Zeitung on 15 May 2019. FinTelegram refers..

May 17, 2019

Sueddeutsche Zeitung

There were two Ferraris in the garage. Investigators believe they have arrested a suspected cybercriminal in Uwe Lenhoff, who illegally skimmed off millions. (Source: Sueddeutsche..

May 13, 2019

Forex Broker Scam BForex Exposed

The BForex broker scam is one of the very old pre-binary options scams in the FX retail scene. The Italian Alberto Maria Comelli already started..

May 10, 2019

TradeSolid – Another Binary Options Scam And Its Perpetrators Exposed

According to the documents available to us, the offshore entity behind the TradeSolid scam, G.M. Marketing Group Ltd, was registered in the Marshall Islands. However,..

May 9, 2019

Binary Options Payment Services Provider – Payobin vs. Umbrella OnlineTech LLC

The process of dealing with fraud with binary options before the respective courts in the US, Canada, the UK, and Europe has just begun two..

May 9, 2019

Pay Finder Ltd – Mission to Create Illegal Payment Services Provider

FinTelegram and EFRI have put a special focus on payment services providers (PSP) facilitating investment fraud via broker scams. As a matter of fact, the..

May 8, 2019

Breaking News – Beneficial Owners Of Illegal Payment Services Provider Hermes Solution Podgorica DOO Exposed

A few weeks ago, FinTelegram uncovered the illegal payment service provider Hermes Solution Podgorica DOO thanks to the efforts of participating whistleblowers. Reading bank statements..

May 7, 2019

10markets – Another PandaTS-Powered Broker Scam Uncovered

FinTelegram has already reported on the network of scam brokers around the Israeli PandaTS white-label platform provider. Our research team has since received further information..

May 7, 2019

Scam Broker Industry Powered By Israeli PandaTS Solutions

The illegal and fraudulent broker schemes have already defrauded dozens of thousands of victims in North America, Europe, and Asia. Retail investors lost billions of..

Former Lebanon Central Bank Governor Riad Salameh Charged with Financial Crimes

It was a long-expected move. The powerful former Lebanon Central Bank Governor Riad Salameh has been arrested and charged with embezzling $42 million in public funds, part of a broader $110 million fraud case. His detention comes amid ongoing domestic and international investigations into financial misconduct during his controversial three-decade tenure. In 2022, the European Union Agency for Criminal Justice Cooperation (Eurojust) froze assets worth €120 million tied to Salame.

Prosecuted Telegram CEO Durov Challenges Personal Liability for Platform Misuse!

The prosecuted Telegram CEO Pavel Durov argues that holding CEOs personally liable for platform misuse is an outdated practice that threatens innovation. Following his Paris arrest, Durov emphasized that platforms like Telegram must adapt to rapid growth, but outdated liability standards should not stifle progress. His case highlights the ongoing debate about balancing innovation, privacy, and regulation in the tech world.

U.S. Regulator CFTC Lost Court Case Against Kalshi Legal Battle Over Election Bets!

KalshiEx is a U.S.-based prediction market platform that sought to offer trading in derivatives contracts based on the outcomes of Congressional elections, which the CFTC prohibited. KalshiEx challenged the regulator's decision in court and won, opening the door for election-based derivatives markets in the U.S. However, the CFTC is seeking a temporary stay.

Germany: Accomplices in Fraudulent Cyber Trading Platforms Charged by Karlsruhe Prosecutor!

The Baden-Württemberg Cybercrime Center in Germany has announced that it charged three suspects linked to an international fraud scheme that cost over 820 victims more than €5 million. The case marks a significant step in combating organized cyber trading fraud but underscores the growing complexity of such operations that often rely on an international division of labor.

Influencers

Influencers and Financial Crimes: A Short Guideline and a Request for Whistleblower Information!

Recently, the influencer industry has come under increased scrutiny from regulatory bodies worldwide. The case of Turkish influencers Dilan Polat and Engin Polat, facing $30 million money laundering charges and allegations of operating an illegal betting ring, perfectly demonstrates the potential legal risks in this sector. This high-profile case has prompted authorities to investigate hundreds of other influencers for potential financial crimes.