Andre Valkenburg | FinTelegram News

Tag: Andre Valkenburg

June 14, 2023

Another Court Defeat For The Payvision Gang And Their Austrian Law Firm!

Next court defeat for the now-closed Dutch payment processor Payvision. The founder, Rudolf Booker, positioned Payvision as a laundromat for scammers and operators of porn and gambling sites. In 2018, ING acquired Payvision with a valuation of €350 million. Booker had to leave in April 2020. Andre Valkenburg became the new CEO and continued running Payvision as Booker did. Valkenburg sued against this claim and lost.

March 9, 2023

Vanished: Disgraced ING Subsidiary Payvision Seems To Be Gone Without Compensating Victims!

We had already been expecting this for a few weeks. Since the Dutch banking giant ING announced in October 2021 that it would phase out Payvision, it was clear that at some point, quietly and secretly, the high-risk payment processor founded by Rudolf Booker would disappear. For ING, Payvision, acquired in 2018 under then-CEO Ralph Hamers for a reported €400 million, was a huge financial and reputational flop. Court documents to CEO Andre Valkenburg can no longer be served!

February 16, 2023

Payvision And T1 Payments Accused Of Bank Fraud And Money Laundering!

In March 2021, Ray Akhavan and Ruben Weigand were found guilty of bank fraud in the Eaze scheme that deceived financial institutions in the U.S...

October 16, 2022

The Payvision Financial Crime Scene Unfolds By The Minute!

The Dutch authorities and media now target ING and its subsidiary Payvision. The financial newspaper FD yesterday published another report about the investigation of the Dutch regulator DNB and the alleged financial criminal activities of Payvision. Its CEO Rudolf Booker is said to have personally given instructions to work with scammers such as Gal Barak and Uwe Lenhoff. Payvision executive Andre Valkenburg recently lied in court filings and claimed he would know of no investigations.

September 26, 2022

U.S. Court Cases: Payvision Director Andre Valkenburg Under Legal Fire!

The Dutch Andre Valkenburg became Payvision CEO as of 1.5.2020 after the founders and directors Rudolf Booker, Gijs van de Weegh, and Cheng Liem Chi resigned after the company was acquired by ING in 2018. According to (checked) information available to FinTelegram, he is still the managing director of Payvision, which ING ordered to go out of business. According to some US lawsuits, he is also said to have continued Payvision's high-risk business during his CEO tenure.

January 27, 2021

Good news for Payvision – Selina welcomes the disgraced payment processor

The Dutch high-risk payment processor Payvision is deeply involved in the swamp of broker scams around the Vienna Cybercrime Trials. It allegedly wilfully and knowingly facilitated broker fraud and money laundering. The presumption of innocence applies. Today's announcement of a partnership with the global hospitality platform Selina has to be appreciated. The idea is to provide Selina clients with ultimate payment experiences while traveling. Not an easy business model in the COVID-19 pandemic but hello, positive news though.

November 11, 2020

FinTech Payvision – Is it really the Dutch Wirecard mini-me?

EFRI was founded in 2018 by FinTelegram together with auditors, lawyers, and victims of scams. The NGO initiated a mass movement with more than 1,000 registered victims and members. EFRI represents the interests of victims towards scammers and their facilitators. The Dutch FinTech Payvision was one of them. EFRI even goes so far as to call Payvision the Wirecard of the Netherlands.

November 1, 2020

Payvision and the EFRI fight for victims’ money!

Without the collaboration of payment processors, scam operations and online fraud schemes would be very difficult if not impossible. Currently, EFRI, co-founded by FinTelegram, is fighting with the Dutch FinTech Payvision for restitution payments to the victims of scams of Uwe Lenhoff and Gal Barak who has been found guilty of investment fraud and money-laundering in the Vienna Cybercrime Trials ("#VCT").

May 8, 2020

Dutch Payment Veteran Andre Valkenburg presented as new Payvision CEO

After the surprise departure of the founders of Payvision a few days ago, mother ING has installed a new CEO in Andre Valkenburg. He will..

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.