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Tag: BaFin

Wirecard Troubles in Germany – Class actions against the company and auditor EY adding to BaFin investigations

Not surprisingly, the turbulent times do not seem to be coming to an end soon for Wirecard. Already 2019 was dominated by accusations of balance sheet manipulation, shabby business practices, and compliance issues which were raised primarily by the Financial Times. Founder and CEO Markus Braun has always strictly rejected the accusations. Wirecard filed lawsuits and criminal complaints against the critics.

German fintech unicorn N26 caught with anti-money laundering issues

In April 2019, German media outlets reported on a money laundering case around the German Fintech Startup N26. According...

The Wirecard Case – German Watchdog Files Criminal Complaint Against Financial Times Journalists

The stock of the German FinTech giant Wirecard does not come to rest. Following reports by the Financial Times...

Thank You, BaFin! German Watchdog Orders StronIT and Postbank To Return Money To Investors Of Illegal Broker Schemes Like Bluetrading

The EFRI & FinTelegram campaign against illegal Payment Services Providers (PSP) is gaining momentum. BaFin has responded to the...

New Unauthorized Payment Services Providers In Illegal Broker Schemes Exposed

FinTelegram and EFRI recently launched the EFRI PSP Class Action Campaign to uncover payment service providers (PSPs) that support...

Investor Warning OmegaPro – USI Tech With Fake Bank Certificates

FinTelegram just recently reported about the new OMEGAPRO FOREX Trading project of the two MLM and Network Marketing perpetrators...

The Court Cases around envion AG And Its Founders

Since the beginning of our envion EFRI initiative and in the interest of the many token holders who have...

BAFIN AND GERMAN POLICE WARN AGAINST ONLINE TRADING FRAUD

Reads as if it's a national effort to fight online trading fraud. Finally! Even the German authorities are now...

GERMAN BAFIN ISSUES INVESTOR WARNING AGAINST GERMAN CRYPTO SCHEME PLATINCOIN

The German financial market supervisory authority BaFin has issued an investor warning against PLATINCOIN (www.platincoin.com). BaFin's statement points out...

GERMAN BAFIN PLANS TO PERMANENTLY BAN BINARY OPTIONS

In recent months and years, investor complaints about fraud in binary options have become more frequent. Unregulated providers such...

THE ENVION CAUSA: AUTHORITIES ALLEGEDLY ORDER LIQUIDATION

The German law firm CLLB represents several disappointed investors from the ENVION ICO. On 25 November 2018, CLLB partner...

US REGULATORS CLEAN UP CRYPTO! WHAT ABOUT THE EU?

While US and Canadian regulators finally started the Operation Cryptosweep to clean up fraudulent crypto companies, the EU is...