Category: featured right

wirecard appoints james freis as compliance officerW
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May 11, 2020

Wirecard or why compliance is important

Following the KPMG special audit report that uncovered substantial issues with the company's compliance procedures, the DAX-listed German FinTech Wirecard has announced to create a dedicated compliance department to monitor compliance with laws and regulations. The department is becoming a board department, which emphasises the importance of the issue.
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OSC charges David Cartu and his brothersB
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May 10, 2020

Binary Options Legacy – Canadian Regulator OSC charges David Cartu and his brothers

The Canadian regulator Ontario Securities Commission (OSC) has filed civil charges against the three Canadian-Israeli brothers David Cartu, Jonathan Cartu, and Joshua Cartu for illegally soliciting Canadians to trade binary options, defrauding Ontario residents out of $1.4 million, part of a $233 million global scheme. According to the report, the Cartu brothers immigrated to Israel from Ontario in the last decade.
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Canadian OSC charges David Cartu and his brothersG
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May 9, 2020

GMM Case – Canadian regulator OSC charges Cartu Brothers of running an illegal $233 million binary options scheme

FinTelegram has reported since 2018 about the huge Binary Options Scam of the three Cartu brothers David Cartu, Jonathan Cartu, and Joshua Cartu. Over the course of the last two years, we have received numerous requests from victims and their lawyers as well as from regulators. In this regard, we have been happy to provide the information available to us and have, among other things, facilitated lawsuits in Israel. Now the Canadian Ontario Securities Commission (OSC) has claimed that their GreyMountain Management binary options schemes received more than 233 million Canadian dollars from clients worldwide.
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Praxis Chashier of Amit Klatchko blacklistedP
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May 9, 2020

Praxis Cashier Added to Payment Processor Blacklist

The unregulated Cypriot payment processor practice Praxis Cashier System Ltd was added to our Payment Processor Blacklist on 8 May 2020. The reason for this was its involvement in many scams as a payment processor. It is obvious that Praxis Cashier either has not implemented efficient KYC/AML/CTF procedures or intentionally does not apply them. The payment processor was established as a legal entity in 2016 by Amit Klatchko. As a matter of fact, there is currently hardly a forex and broker scam where this unregulated Cypriot payment processor is not involved.
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Robert CourtneidgeA
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March 4, 2020

Another Fraud Case in Court – Fintech Guru Robert Courtneidge and Anabus Investment Scheme

Robert Courtneidge is a busy and dangerous UK solicitor. He is not only a director in various FinTechs and regulated e-money institutions such as Moorwand Ltd, but also bills himself as FinTech Guru and speaker. Moreover, he facilitates broker and investment scams with his opinions and advice. Courtneidge resigned as a director of FCA-regulated ePayments Systems Ltd in February 2020 in the course of the FCA investigations (read FinTelegram Report here). In Australia, Courtneidge is accused in a huge investment scam of 240 investors of knowingly and willfully issuing false confirmations. A new Court judgement was issued on March 3, 2020.
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OnceCoin lawyer Mark S. Scott convictedO
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November 22, 2019

OneCoin US-Lawyer Mark Scott found guilty of money laundering and bank fraud

The Florida-based US lawyer Mark S. Scott, 51, has been found guilty for his role in the OneCoin crypto scam, which raised more than $4 billion from investors convinced they were buying into a new digital currency. The New York jury found that Mark S. Scott helped to perpetrate the crypto scheme, routing approximately $400m out of the US while working to conceal the true ownership and source of the funds.
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Locke Lord with Mark Scott and Robert Courtneidge involved in network of scamsF
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November 13, 2019

Former OneCoin Lawyer now heading FCA-regulated Moorwand allegedly involved in money laundering

FinTelegram has often stressed that the large, global scams and investment fraud schemes would not be possible without the involvement of lawyers. It is these attorneys who issue the necessary certifications in accordance with the Anti Money Laundering (AML) and Know Your Customer (KYC) regulations. These confirmations grant scams and investment fraud schemes access to the international financial system. This opens the door to investors' money. These lawyers often work closely with Payment Services Providers (PSPs) to launder the money stolen by investors.
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Komodore64 bankrupt and founder arrestedF
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November 12, 2019

Founder of crypto startup Komodore64 arrested by Dutch police

According to reports of internet news portals CoinTelegram and Sprout, the Dutch police have arrested the founder of blockchain game development startup Komodore64. The crypto..
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Yukom Indictment Yossi Herzog and Kobi CohenU
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November 11, 2019

U.S. Prosecutors charges 15 more perpetrators in the $140 mio Yukom binary options fraud scheme

Fifteen individuals, including two former company owners, were charged in a superseding indictment unsealed on Nov 8, 2019, the U.S. Department of Justice announced. They..
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CFTC Complaing Saffron and Circel SocietyC
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October 17, 2019

CFTC filed enforcement action against binary options and crypto scheme Circle Society and its operators

The U.S. Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action charging David Gilbert Saffron of Las Vegas, Nevada, and Circle..
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SEC charges LBinary with binary options fraudS
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October 11, 2019

SEC charges binary options perpetrators behind LBinary and Ivory Option with investment fraud

On October 9, 2019, the U.S. Securities and Exchange Commission (SEC) charged the two Israeli binary options perpetrators Anton Senderov and Lior Babazara a/k/a Lior..
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