Whistleblower | FinTelegram News

Category: Whistleblower

August 1, 2022

SEC Whistleblower Program Under Fire Over Nepotism Claims!

Last week, John Holland of Bloomberg Law issued a critical report on the U.S. SEC's whistleblower program. Former SEC lawyers who were responsible for the program have left the agency and would be earning millions in fees and commissions through their law firms. The program was crafted by Congress and SEC officials and gives tipsters, who report financial wrongdoing anonymously between 10% and 30% of any money the agency recovered. About 12,000 tips came in the last fiscal year.

July 27, 2022

Whistleblower Request – High-Risk Payment Processor VIPPass!

FinTelegram readers know that we focus mainly on the payment processors involved when analyzing cybercrime organizations and their scams. Without them, most of the scams would not be possible in the first place. The ultimate goal of scammers is to steal money from consumers online. These illicit proceeds must be funneled to the scammers via (high-risk) payment processors. Every day we come across new high-risk payment processors. As with VIPPass, which is allegedly operated via companies in Panama and Canada. We would like to know more.

July 16, 2022

Big Whistleblower Business – U.S. SEC Awards $6 Million!

FinTelegram knows from more than three years of working with whistleblowers how powerful this information channel is in the fight against cybercrime and scams. In the meantime, a multi-million dollar business for whistleblower attorneys has emerged in the U.S. The U.S. regulators SEC and CFTC in particular offer very attractive programs and rewards in the millions. The U.S. SEC recently awarded more than $6 million to two whistleblowers who provided critical information and assistance in two separate covered actions.

June 13, 2022

Whistleblower Request – Key Way Group, Its Brands, And Network!

On any single day, we receive between 3 to 5 highly appreciated whistleblower messages. Our FinTelegram team reviews every single report and writes appropriate reports enriched with proven facts. As we cannot always process every whistleblower report immediately, we start Whistle42 News, where we publish the incoming information with just short revisions. As in the case of the Key Way Group. Allegedly, the Israeli entrepreneur and investor Teddy Sagi is connected to the Key Way Group, whistleblowers say (report here). We would like to know more.

June 5, 2022

Whistleblower Request – Payment Processor And Incubator OpenUp!

OpenUp is a high-risk payment processor operated by Openup Consulting Services AsP, a company registered in Denmark. According to the company register data, Chestnut Investments Lda in Portugal owns the Danish entity. The only director of Openup is Svetlana Ivanova. On LinkedIn, we found 12 people connected to the OpenUp across different jurisdictions in the United Kingdom, India, or Nigeria. We have received credible information that OpenUp may be related to the Indian-British iPayTotal Group and would like to learn more.

April 25, 2022

Whistleblower Request – Russian Serenity Financial, GrandCapital, and Jekaterina Soldatova

Until August 2020, Estonia-based Serenity Financial d/b/a SerenityPay (www.serenity-financial.io) operated as a licensed crypto payment processor and Exchange operator. The license was terminated. As a contact email, SerenityPay has provided the email [email protected], which is associated with the Russian offshore broker operator GrandCapital. Jekaterina Soldatova is the only registered director. She also holds board positions with six other Estionan entities. We want to learn more about SerenityPay and Soldatova.

April 10, 2022

Whistleblower Request – Let us know more about Russian-Cypriot payment processor Gateway!

A few days ago, we reported about the broker scam CryptBull. The Spanish regulator CNMV had issued a warning against the fraud. In our review at that time, we discovered NeoBanq, SecurePaymentGateway, and Gateway a/k/a Gateway Services as facilitating payment processors. Upon the publishing of our review, Gateway disappeared as a payment option on CryptBull. We would like to know more about what appears to be a Russian venture with obvious connections to Cyprus.

February 11, 2022

U.S. SEC proposed amendments to strengthen its whistleblower program

The U.S. SEC proposed two amendments to its whistleblower program. Specifically, the proposed amendment would allow the Commission to pay whistleblower awards for certain actions brought by other entities, including designated federal agencies, in cases where those awards might otherwise be paid under the other entity's whistleblower program. The second affirms the Commission's authority to consider the dollar amount of a potential award for the limited purpose of increasing an award but not to lower an award.

December 31, 2021

Urgent message to our whistleblowers – Please provide instructions for submitted files!

Every day, we receive between 5 and 10 whistleblower reports on a wide variety of people, providers, and systems. We are very grateful for this. Many scams and their supporters would not have been uncovered without our whistleblowers. We also know that among our whistleblowers are employees of compliance departments of financial service providers who notice illegal transactions that are tolerated or supported by their company. They use FinTelegram to uncover this. In this context, we ask our whistleblowers for instructions to avoid mistakes.

November 19, 2021

SEC presents results of the fiscal year 2021 with record-setting whistleblower awards

The U.S. SEC announced that it filed 697 total enforcement actions in the fiscal year 2021, which ended on Sept. 30. This represented a 3 percent decrease over the total actions filed in the fiscal year 2020. The SEC obtained orders for nearly $2.4 billion in disgorgement and more than $1.4 billion in penaltie. It was a record year for whistleblower awards, with the SEC awarding a total of $564 million to 108 whistleblowers.

November 6, 2021

Whistleblower Call – Let’s find the people behind vanished scam HybridReserve

The HybridReserve broker scam vanished sometime in 2020. It has defrauded thousands of victims during its active period between 2018 and 2020. Several financial market regulators in Australia and Europe have issued warnings against the scam. The vanished website was owned and operated by the offshore entity SingleBell LTD, Saint Vincent & the Grenadines, and the unlicensed Estonian SingleBell OÜ, One of the facilitating payment processors has been the German P2P GmbH, which is investigated by German law enforcement agencies.

September 16, 2021

Whistleblower business – SEC awarded more than $1 billion!

Whistleblowing is becoming a big business! The U.S. Securities and Exchange Commission (SEC) announced awards of approximately $110 million and $4 million to two whistleblowers whose information and assistance led to successful SEC and related actions. Including these awards, the SEC's whistleblower program has paid more than $1 billion in awards to 207 whistleblowers, including over $500 million in the fiscal year 2021 alone. The $110 million award stands as the second-highest award in the program's history.