Andrey Kovalchuk | FinTelegram News

Tag: Andrey Kovalchuk

November 19, 2023

Finally: The Fraudulent High-Risk Payment Processor iPayTotal Is Gone With The Merchant Funds!

On November 19, 2023, the probably last filings for the bankrupt iPayTotal Ltd were made at the UK Companies House. The liquidator Arvindar Jit Singh reported the end of the liquidation. As one of the many high-risk payment processors of the Indian Ruchi Rathor, the insolvency deprived merchants of many millions. The liquidator reports "only" around £1.9 million unsecured claims that were not paid. But insiders say it was much more. The company is dissolved!

December 25, 2020

Troubles for high-risk processor iPayTotal – Court order to wind-up and nasty Octopay rumors

A UK court entered an order to wind-up the iPayTotal Ltd. And then rumours relating Octapay Group to iPayTotal. Octopay's former CEO, Christian van Biezen was fired for various alleged misconduct. However, Biezen told FinTelegram that he refused to participate in the Octapay scam and was fired because of it. He claims that the economic owners behind Octapay would be identical to those behind iPayTotal. Now a new Chief Experience Officer, Davina Mungroo, has been appointed at iPayTotal.

Gemini Trust Slapped with $5 Million Penalty for Misleading CFTC

The U.S. Commodity Futures Trading Commission (CFTC) has issued a $5 million fine to Gemini Trust Company LLC for making false or misleading statements during a 2017 bitcoin futures contract certification process. The order stems from the CFTC’s July 2, 2022, complaint against Gemini Trust. The case highlights the importance of truthfulness in regulatory disclosures.

Crypto Fraud Unveiled: Mosaic Exchange and CEO Hit with $1.1M Penalty for Crypto Scheme

The U.S. Commodity Futures Trading Commission (CFTC) has secured a $1.1M judgment against Mosaic Exchange Ltd. and its CEO, Sean Michael, for running a fraudulent digital asset scheme that targeted 18 victims globally. The judgment exposes their misuse of funds, false profit claims, and deceptive practices. The orders stem from the CFTC’s three-count fraud complaint filed Sept. 26, 2023.

Attention: The MoonPay Acquisition of Helio May Trigger a Merger and Take-Over Wave in the Crypto Space.

MoonPay, a leading U.S. crypto payments platform focused on high-risk sectors, has acquired Helio, a Solana-based blockchain payment processor, for $175 million, marking the start of what could be a series of strategic mergers in the digital asset space. This acquisition, MoonPay's largest to date, aims to enhance its payment infrastructure and expand its services in the rapidly evolving cryptocurrency payments sector.

Investor Briefing: The Bear in Crypto Town – Potential Crypto Sector Crash Analysis

The crypto market has entered a period of heightened volatility and uncertainty in recent weeks. Despite a brief recovery at the beginning of this week, the overall trend remains bearish, with Bitcoin and other major cryptocurrencies experiencing significant price fluctuations. As the Fed has been warned of a looming crisis, bitcoin and crypto traders are nervously watching for whether the combined crypto market will drop below the key $3.2 trillion level.

The Clock is Ticking for TikTok: Can the App Dodge a U.S. Ban?

The US is edging closer to a definitive ban on TikTok, the Chinese-owned social media app that has dominated global digital culture. Despite a surprising show of goodwill from incoming President Donald Trump, the odds on prediction markets like Polymarket suggest a 67% likelihood of a ban before May 2025. This looming threat raises urgent questions.