Opposition politician Luigi Faneyte is taking aim at Curaçao’s Minister of Finance Javier Silvania and the Gaming Control Board (GCB) with allegations of corruption, money laundering, and regulatory failures. A supplemental criminal complaint highlights systemic mismanagement in the issuance of gambling licenses and the facilitation of illegal crypto-casino operations.
Key Points:
- Corruption Allegations: Minister Javier Silvania, alongside key figures like Mario Galea and entities including the GCB, faces accusations of fraud, document falsification, and money laundering.
- Crypto Controversy: Evidence suggests the GCB facilitated crypto transactions without legal oversight, enabling anonymous operations and potential money laundering through platforms like BC.Game.
- International Scope: U.S., Maltese, and Czech authorities are alerted to the cross-border nature of the alleged offenses, which include violations impacting American players and questionable use of Czech financial systems.
- Irregular Licensing: Rapid issuance of gambling licenses under Silvania’s leadership, including suspicious asset transfers, signals systemic flaws and raises questions about regulatory integrity.
Short Curacao Case Narrative:
In a damning revelation of corruption and regulatory failures, Curaçao politician and financial forensic investigator Luigi Faneyte has filed a bombshell criminal complaint against Curaçao’s Minister of Finance, Javier Silvania, and three Maltese nationals—Mario Galea, Aideen Shortt, and Mario Fiorini. The allegations center on the brazen issuance of “provisional” online gambling licenses ahead of the anticipated implementation of the National Ordinance on Games of Chance (LOK). But that’s only the tip of the iceberg.
FinTelegram’s Investigations Enter the Spotlight
Faneyte’s supplemental criminal complaint, filed on December 12, 2024, incorporates FinTelegram’s explosive findings on the infamous Rabidi Case. The evidence exposes shocking parallels between Rabidi and BC.Game, showcasing a calculated framework of fraud, unregulated crypto transactions, and asset transfers designed to evade scrutiny. Faneyte has gone a step further, launching Lokinvestigation.com, a dedicated platform to monitor these investigations.
Download the Supplemental Criminal Complaint here.
Recorded Phone Call Blows the Lid Off
The Supplemental Report introduces smoking-gun evidence: a transcript of a phone call between Mario Galea and a BC.Game representative. In the call, Galea shamelessly discusses fabricating agreements to manipulate data handling records, a clear breach of Curaçao’s criminal code. The fraudulent transfer of assets from Blockdance B.V. to Small House, orchestrated with Galea’s involvement, reveals a deliberate scheme to mislead regulators and shield BC.Game operators from accountability.
This isn’t Galea’s first brush with controversy. Once a prominent figure in Malta’s gambling scene, the former Malta Gaming Authority (MGA) chair now stands accused of using Curaçao as his personal regulatory playground.
The Rabidi Parallel: A Pattern of Fraud
The Rabidi Case, unearthed by FinTelegram, echoes the BC.Game scandal. Both cases reveal how Curaçao’s regulatory framework is systematically abused to bypass oversight. Adonio B.V., formerly owned by Rabidi N.V., heavily relied on cryptocurrency transactions—illegal under Curaçao law. The entity’s collapse, involving fraudulent asset transfers to offshore entities in Cyprus, underscores the recurring malpractice.
Behind the collapsed Rabidi Group and other online gambling schemes is said to be Softswiss, owned by Ivan Montik and his Russian partners. Montik is also one of the co-founders and beneficial owners of the Merkeleon Group, which also owns the crypto payment processors CoinsPaid and CryptoProcessing.
Download the Forensic Report on the Rabidi Bankruptcy Case here.
These cases highlight the role of IGA, an entity closely tied to Mario Fiorini, as a key enabler in these shady dealings. Evidence suggests coordinated efforts between Fiorini, Galea, and the Gaming Control Board (GCB) to facilitate these illicit activities.
The GCB: A “Façade Regulator”
Instead of enforcing compliance, the GCB is accused of acting as a complicit “façade regulator,” enabling rampant misconduct. The issuance of provisional licenses without legal authority, the facilitation of unregulated crypto transactions, and the manipulation of financial records have turned Curaçao’s gambling industry into a hotbed of fraud.
Faneyte’s revelations have triggered alarms far beyond Curaçao. With U.S. and European authorities now involved, the island’s reputation as a global gaming hub is at stake. The GCB’s failures risk not only financial but also diplomatic consequences, as Curaçao’s international partnerships come under scrutiny.
The Bigger Picture
Luigi Faneyte’s investigation unveils a systemic rot in Curaçao’s gambling sector, implicating high-profile figures and exposing a web of corruption that stretches from Curaçao to Malta and beyond. The Supplemental Report makes it clear: these are not isolated incidents but part of a broader scheme undermining regulatory integrity.
Call for Action
The stakes couldn’t be higher. FinTelegram invites whistleblowers, industry insiders, and concerned citizens to share information about Curaçao’s regulatory failures and gambling industry misconduct. Let’s hold these bad actors accountable and restore trust in the system.
Stay tuned as the revelations continue to unfold—this is just the beginning.
