Illegal Payment Services | FinTelegram News

Category: Illegal Payment Services

March 24, 2019

MRTmarkets Scheme – Update on Floris Pieter Bartel Waals, Zoltan Korcsog, Iuliia Davydenko And Their Network

In February 2019 FinTelegram published the first report on the illegal broker scheme of Floris Pieter Bartel Waals and his Estonian-registered companies Grau International OÜ..

March 22, 2019

New Unauthorized Payment Services Providers In Illegal Broker Schemes Exposed

FinTelegram and EFRI recently launched the EFRI PSP Class Action Campaign to uncover payment service providers (PSPs) that support and facilitate illegal broker schemes such..

March 21, 2019

EFRI Launch Campaign To Address Payments Services Providers Responsibility In Illegal Broker Schemes

Defrauding investors would hardly be possible without the willful or at least grossly negligent involvement of payment service providers (PSP). Through these PSPs, the operators..

March 17, 2019

Bluetrading Scam Update – The Bitcoin-Domain Deal in 2017

On Aug 9, 2017, the US domain trader and founder of SEO.com and BuyDomain.com, Mike Mann, posted on Facebook that he sold the domain www.bluetrading.com..

March 16, 2019

Investor Warning – New Crypto Exchanges To Facilitate Fraud And Money Laundering For Illegal Broker Schemes

Since 2017, cryptocurrencies have been used by scam artists and fraudsters as a way out of the increasingly restrictive banking and financial system. Despite public..

March 13, 2019

EFRI Campaigns Go Against Illegal Payment Services Providers

Illegal broker schemes would not have been conceivable without willingly participating payment services providers (PSP). FinTelegram already pointed out this fact several times unnoticed. Especially..

March 11, 2019

Focus Payment Services – Czech Xtrabit And Vladislav Kogan

Illegal broker and scam schemes require enabling payment service providers (PSPs). Without collaborating PSPs these scams could not rip off customers. Therefore, the scam artists..

March 11, 2019

Veltyco Group Update – Questionable Share Transactions Via Bulgarian Companies

FinTelegram received information from sources close to Veltyco Group and its shareholders that indicate that the company’s founder and then-director UWE LENHOFF bought Veltyco shares..

March 10, 2019

Illegal Broker Schemes – New Payment Services Providers Germanika GmbH And Transact Europe EAD identified

The billions in losses for retail investors in illegal online broker schemes would not have been possible without the involvement of payment service providers (PSP)...

March 8, 2019

Illegal Broker 4xFX And the Closing Of XTraderFX, SafeMarkets, Golden Markets, And OptionStarsGlobal

The FinTelegram team intensively dealt with the closure of the illegal broker platforms of Gal Barak and his E&G Bulgaria. We called the phone numbers..

March 5, 2019

Wirecard Involvement In Illegal Binary Options Schemes (Part I)

FinTelegram has been taking action against the illegal broker schemes since early 2018 already. The US FBI estimates that retail investors were cheated with binary..

March 3, 2019

Request For Information – VCapital Podgorica, Stox Market, And Related Brokers

Exposing of illegal broker schemes leads FinTelegram through many countries and jurisdictions. Certainly, the global illegal broker scene is governed by the Israeli protagonists around..

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.