Illegal Payment Services | FinTelegram News

Category: Illegal Payment Services

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..

May 6, 2019

Promising News: US Authorities Charge Illegal Money Transmitting Business And Arrest Suspect

U.S. States Attorney for the Southern District of New York, the Federal Bureau of Investigation (FBI), and Internal Revenue Service (IRS) announced the arrest of..

May 5, 2019

Co-Conspirators And Lieutenants Of The Lenhoff-Barak Cybercrime Organization

The cybercrime organization of Uwe Lenhoff and Gal Barak with their illegal broker schemes would not have been possible without the contribution of co-conspirators. The..

May 3, 2019

The Kosher Restaurant In Sofia Or Why Gal Barak Is Protected By Politicians And Rabbi

The Israeli Gal Barak is regarded by the EU authorities as one of the principals of a global cybercrime organization. One of his partners, the..

April 30, 2019

Update on UKoptions, Worldwide Tech, And Uri Katz

FinTelegram yesterday published the first part of the report on “GreyMountain Management (GMM) and Wirecard Mystery“. Among other things, this part examined the activities of..

April 30, 2019

EFRI Funds Recovery Campaign For KayaFX Broker Scam Launched

Together with the European Fund Recovery Initiative (EFRI) Fintelegram launched the campaign to recover investor funds from the KayaFX broker scam scheme. As part of..

April 27, 2019

Financial Watchdogs in UK and Austria Warn Against Illegal Broker Algotechs

The market supervisory authorities in the United Kingdom (FCA) and Austria (FMA) have issued investor warnings against Algotechs on April 25 and April 27 respectively...

April 27, 2019

Deciphering the GreyMountain Management And Wirecard Mystery I

While the U.S. authorities and courts consequently work their way through the fraudulent binary options industry the Europeans are rather clueless. The Irish GreyMountain Management..

April 23, 2019

Illegal Broker Scheme 4XFX Closed Upon FinTelegram Action – Rapid BO Refunded To Clients!

In its researches on illegal broker schemes, Fintelegram has put a special focus on the involved payment services providers (PSP). In most cases, the clients’..

April 22, 2019

Australian Police Arrests Bitcoin Entrepreneurs For Drug Trafficking

CCN today reported that two crypto entrepreneurs, Steen McBeth and Sam Karagiozis, may be using their crypto startup just as a front for an international..

The Unraveling of Rabidi and the Rise of the SoftSwiss Network: Our Updated Forensic Report

A few months ago, FinTelegram released a first forensic report on the bankruptcy of Rabidi N.V., a Curacao-registered online casino operator with hundreds of millions in revenues — and no traceable assets by the time of its collapse in May 2024. That report already raised serious questions about the opaque structures behind Rabidi’s operations and its successor, Liernin Enterprises Ltd.

DeFi Decoded: Smart Contracts – The Code Behind the DeFi Revolution

Smart contracts are the invisible architects of decentralized finance. These self-executing lines of code run everything from token swaps to lending platforms without middlemen. But while they offer autonomy, they also introduce new risks—bugs, exploits, and irreversible mistakes. In this fourth installment of our FinTelegram DeFi Series, we explain what smart contracts are.

CFTC

Despite New Crypto Friendlyness: No Settlement Between U.S. CFTC And KuCoin?

A planned settlement between the U.S.CFTC and crypto exchange KuCoin is now in limbo due to a reported policy shift within the CFTC. This change is attributed to the Trump administration’s new approach, which deprioritizes enforcement actions against crypto companies. As a result, a CFTC attorney said that it is "unlikely that such authorization will be granted in the near term" regarding the settlement approval.

SEC’s New Era: Paul Atkins Sworn In—Will Crypto Finally Get the Regulatory Clarity It Deserves?

The U.S. Securities and Exchange Commission (SEC) has entered a new chapter with the swearing-in of Paul S. Atkins as its 34th Chairman, a move widely anticipated to mark a dramatic pivot in how the agency approaches crypto and DeFi regulation. For years, the financial industry—especially the burgeoning digital asset sector—has bristled under the SEC’s “Regulation by Enforcement” strategy.

Crypto Mogul Changpeng Zhao – Fallen, Rich, and Rising Again?

As spring 2025 blooms and Easter’s themes of rebirth fill the air, Changpeng Zhao emerges as one of the most controversial figures of startup mythology: a man who fell spectacularly, paid a price—then rose again, wealthier and louder than ever. Once the almighty architect of Binance, CZ now resides in Dubai with a net worth that Forbes estimates at $63 billion.