People Radar | FinTelegram News

Category: People Radar

August 20, 2024

Under Pressure: Investment Dinosaur Carl Icahn Settles SEC Charges for $2 Million!

Billionaire activist investor Carl C. Icahn has agreed to pay a $2 million fine to settle charges brought by the U.S. Securities and Exchange Commission (SEC) for failing to disclose that he had pledged his personal stock holdings as collateral for billions of dollars in loans. The SEC's charges, announced on Monday, highlight Icahn's use of more than half of his shares in Icahn Enterprises as collateral, a practice that went unreported for years.

People Radar

July 25, 2024

Julius Bär Appoints New CEO Amidst Fallout from Signa Group Losses!

In a surprising leadership change, Swiss private bank Julius Bär has announced the appointment of Stefan Bollinger, a partner at Goldman Sachs, as its new CEO. Bollinger will take over the traditional Zurich-based private bank no later than February 1, 2025, following a challenging period marked by substantial financial losses and executive departures. According to Google Trends, the name Stefan Bollinger was one of the most frequently searched terms on Tuesday.

July 8, 2024

Revolut Founder Nik Storonsky to Participate in $500M Share Sale!

The Russian-born British citizen Nik Storonsky, founder and CEO of the UK-based fintech giant Revolut, is set to partially cash out his stake in the company through a $500 million (£391 million) secondary share sale, Sky News reports. Storonsky, whose stake in Revolut is valued at several billion dollars, plans to sell shares worth tens to hundreds of millions of dollars in the coming months.

June 30, 2024

Rene Benko: The Fallen Billionaire, Hotel Bauer in Venice, and Bernard Arnault!

In the wake of the bankruptcy of Austrian real estate giant Signa, owned by the embattled investor Rene Benko, the sale of the historic Hotel..

June 5, 2024

Sam Altman: The Face of the AI Revolution and a Prolific Investor

Sam Altman, the CEO of OpenAI, is a towering figure in the world of technology and artificial intelligence. While he is best known for his leadership in driving the AI revolution, Altman’s financial prowess extends far beyond his role at OpenAI. As a prolific investor, he has reportedly invested in more than 400 companies, amassing a fortune worth at least $2.8 billion. This impressive portfolio underscores his influence as one of the most significant tech investors globally.

June 2, 2024

Disgraced Real Estate Investor Rene Benko: From Billionaire to Bankrupt to Hunted Prey!

The dramatic crash of Austrian real estate speculator Rene Benko could be a case for the Guinness Book of Records and for a Netflix movie. Within months, the former Forbes billionaire has become a bankruptcy giant, pursued by former investors. In December 2023, Forbes removed the Signa Group founder from its list of international billionaires. Benko's private fortune, once estimated at around €5.5 billion in 2023, has seemingly vanished, leaving investors in disbelief.

May 30, 2024

The ING Legacy: Why Ralph Hamers is Not the Right CEO for Julius Baer After All!

Julius Baer has recently taken significant steps to emerge from a crisis. The Swiss bank made headlines due to the collapse of Rene Benko's Signa Group, resulting in a reported loss of approximately CHF 586 million ($679 million). This incident has already tarnished its reputation. Now, Julius Baer is on the hunt for a new CEO, and former UBS and ING CEO Ralph Hamers is reportedly in the running. However, given his controversial past, Hamers may not be the right person for the job.

May 29, 2024

Penalty Order Against Munich Start-Up Founder Max-Josef Meier for Sexual Harassment Under the Influence of Alcohol

Max-Josef Meier, the former CEO of Munich-based car subscription start-up Finn, faces a penalty order for sexual harassment. The allegations stem from incidents at a Christmas party in December 2021, prompting the Munich public prosecutor's office to launch an investigation. Meier has been accused of sexually harassing several female employees while under the influence of alcohol. In an interview, he confirmed these allegations!

May 13, 2024

Crypto Miner Bitfarms Confronted with $27M Claim by Former CEO Geoffrey Morphy!

In a surprising turn of events, Bitfarms Ltd., a prominent cryptocurrency mining company (website) listed on Nasdaq and Toronto TSX, announced that it terminated its interim President and CEO, Geoffrey Morphy, following his lawsuit against the company. The legal dispute centers on claims of breach of contract and wrongful dismissal, with Morphy seeking $27 million in damages, including aggravated and punitive damages.

May 10, 2024

Between SoftSwiss and CoinsPaid: Who is Ivan Montik?

In the world of iGaming and crypto payment processing, the Belarussian national Ivan Montik is a figure of intrigue and influence. He is the founder and CEO of SoftSwiss, a leader in crypto-based online casinos and gambling solutions. Moreover, he is also the founder of the Austrian-Estonian crypto payment processor CoinsPaid, that is focused on high-risk industries. Officially, the beneficial owner of CoinsPaid is the Austrian Alexander Hors Riedinger. Who is Ivan Montik?

May 5, 2024

Bitpanda Pro Appoints Former JPMorgan Executive to Spearhead European Expansion

The Austrian crypto unicorn Bitpanda has appointed Joshua Barraclough, a former JPMorgan executive, as the new CEO of its digital assets exchange, Bitpanda Pro. The announcement marks an important step in the crypto exchange's aim to enhance its offerings for experienced traders and institutional clients. Barraclough brings a wealth of experience from his tenure as co-head of digital innovation at JPMorgan in London.

People Radar

May 4, 2024

Swiss Crypto Firm Digital Asset Solutions Sets Its Sights on Dubai Expansion

To broaden its international reach, Swiss-based crypto asset manager Digital Asset Solutions (DAS) is extending its operations to the United Arab Emirates. According to information..

US Treasury Forgives Ukraine Looters!

On 26 September 2024, the United States Treasury’s Financial Crimes Enforcement Network ‘FinCEN’ made the astonishing decision to drop sanctions against ABLV Bank of Latvia. ABLV was sanctioned in 2018 for a list of reasons, including helping Ukrainian President Viktor Yanukovich’s bagman, Serhiy Kurchenko, steal billions of dollars from Ukraine.

Gurbir Grewal’s Departure from the SEC: His New Position and Potential Impact on Crypto Regulation!

Gurbir S. Grewal, the former Director of the Division of Enforcement at the U.S. Securities and Exchange Commission (SEC), has left his position to join Milbank LLP, one of the most innovative and prestigious law firms globally. This transition from his high-profile regulatory role to private practice is likely to have lasting implications, particularly on the SEC’s enforcement strategy in the crypto sector.

Warning Against The Imminent Danger of Pig Butchering For The Dawning Cyber Society!

Pig butchering scams are a devastating form of cybercrime that blend romance and investment fraud, leaving victims emotionally and financially shattered. These sophisticated operations, run by organized crime syndicates, often exploit human trafficking victims as unwilling scammers. The perpetrators meticulously cultivate trust over months, luring targets into fraudulent cryptocurrency investments through fake platforms.

MLM Schemes

Latest Arrests in $4 Billion Forex AI Fraud Scheme OmegaPro and the Austrian Connection!

FinTelegram has reported on the fraudulent crypto MLM schemes OMNIA Tech and OmegaPro several times in the past. This week, various media outlets have reported the arrest of Robert Velghe in Turkey, who has played a crucial role in both scams. The OmegaPro MLM scam is believed to have stolen around $4 billion from victims worldwide. Here is our update with a request for additional information from whistleblowers.

Crypto MLM Scam: David Carmona Sentenced to 121 Months for IcomTech Crypto Ponzi Scheme!

iComTech was one of the numerous fraudulent MLM schemes that used cryptocurrencies as a means of fraud in parallel with the crypto hype of 2017/18. David Carmora started IcomTech in approximately 2018 with other co-conspirators as a purported cryptocurrency mining and trading company. The scheme promised to earn its victims high profits and guaranteed daily returns that would double their money within six months.