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Posts published in “Money Laundering”

About FinTech Cowboys – Payvision and Bruc Bond and their Wild West Businesses

The Dutch Payvision and the Israeli-Lithuanian Bruc Bond (formerly Moneta International) have in common that they were intensively involved in the fraudulent binary options as payment processors. Let us make no mistake here and therefore make clear that neither of them were scammers or fraudsters themselves. But both have provided services to operators of fraudulent binary options and broker scams and thus facilitated those schemes for their own financial benefit. There have been consequences for both companies in recent days which may or may not be related to their binary options legacy.

#FollowThe Money – E&G Bulgaria, Russian Binex Group and the Austrian Fondy connection

A few days ago we published part 1 of our #FollowTheMoney series in connection with the gigantic broker scam of the cybercrime organization E&G Bulgaria of the Israeli Gal Barak and his wife and co-conspirator Marina Barak (formerly Marina Andreeva). In the meantime, the European law enforcement agents of Germany, Austria, Bulgaria, and Serbia have conducted further house searches and arrests in connection with this cybercrime organization.

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