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Tag: Bet90

June 15, 2022

Corruption Case: MGA Halted Gaming Applications Linked To Former Bet90 Director Iosif Galea!

Bet 90 Sports Limited d/b/a Bet90 in Malta is regulated by MGA and was a venture of the Veltyco cybercrime organization of alleged cybercrime mastermind Uwe Lenhoff and his partner Betim Tasholli. While Lenhoff died in pre-trial detention in the summer of 2020, Tasholli is currently being tried in Germany. The former MGA official Iosif Galeo used to be the director of Bet90 in Malta. Recently, he has arrested in Italy with an EU arrest warrant. Additionally, he is suspected to be part of an MGA-centered corruption racket.

June 3, 2022

Prison Time! German Law Enforcement Goes Against Malta’s Licensed Gaming Firms!

German law and tax enforcement agencies have recently started investigating international iGaming companies operating in Germany. Several MGA-regulated Malta-based iGaming companies received letters from the German tax authorities. iGaming operators are subject to German VAT and sports betting tax if the German market is targeted. Not reporting these taxes is seen as tax evasion and thus a criminal offense and causes liability for the directors such as Iosif Galea. He was arrested!

January 17, 2022

Exposed! FCA-regulated MoneyNetInt involved in big-style money-laundering!

The trial against the ringleaders of the cybercrime organization E&G Bulgaria is currently underway in Munich, Germany. Gal Barak was already sentenced to four years in jail in Vienna in Sept 2020. Almost unnoticed, the preparation of charges against several ringleaders of the cybercrime organization around the late Uwe Lenhoff and the Veltyco Group is currently underway in Saarbrücken. Criminal records show that MoneyNetInt was massively involved in Lenhoff's money laundering.

July 19, 2019

Veltyco Case – Financial issues with the Maltese Companies, Bet90, and the role of Betim Tasholli

The Veltyco Case around the arrested founder Uwe Lenhoff seems to develop dramatically. FinTelegram has reported on the obvious financial problems of the company listed..

Veltyco

June 8, 2018

VELTYCO GROUP – RELATED PARTY TRANSACTIONS AND OFFSHORE BUSINESS

A German Venture in London VELTYCO GROUP PLC, a publicly traded UK company, focused on gaming, gambling, and sports betting recently dedicated itself to the..

Veltyco

June 8, 2018

VELTYCO Analysis: – Related Party Transactions And Offshore Business

A German Venture in London VELTYCO GROUP PLC, a publicly traded UK company, has presented its annual accounts for 2017. FinTelegram conducted another VELTYCO analysis..

Binance Chief Financial Crime Compliance Officer Denied Bail in Nigerian Case!

Think twice before starting to work for the world's larger crypto exchange. As Binance’s financial crime compliance officer faces money laundering charges in Nigeria, questions mount over the company’s compliance safeguards and the risks involved in its global operations. The denial of bail for Tigran Gambaryan and the ongoing legal battle could have far-reaching implications for the company’s future.

Fintech

Solaris Bleeds Cash and Jobs: Can This High-Risk Fintech Survive, Let Alone IPO?

Solaris, a German fintech and neobank, has a long history of compliance troubles. Moreover, its ongoing financial losses and regulatory woes doubt its long-term profitability, even as it sheds jobs and restructures for survival. A potential IPO, as rumored by the German platform Gründerszene, seems speculative at best in light of its deep-rooted issues with compliance and financial stability.

Breaking: The Binance-Like $3.1 Billion Money Laundering Settlement of TD Bank!

TD Bank, one of North America's largest financial institutions, has been hit with a historic $3.1 billion settlement over money laundering violations. This case represents one of the most significant AML enforcement actions in U.S. history, both in terms of the financial penalties imposed and the severity of the admitted misconduct. Only Binance, with its $4.1 billion settlement, was even larger.

Gotbit and Russian Executives Charged by U.S. DOJ and SEC for Crypto Market Manipulation!

Gotbit Consulting LLC, along with its Russian executives, has been charged by the U.S. DOJ and SEC for its role in a widespread market manipulation scheme. By using wash trades, Gotbit inflated crypto asset prices and volumes, deceiving investors and raising millions in illicit profits. The company’s fraudulent activities were executed across multiple jurisdictions, with key figures now facing extradition and prosecution.

SEC Charges Market Manipulators in Crackdown on Crypto Asset Fraud

The U.S. SEC has charged three market makers and nine individuals for manipulating the crypto asset market, generating artificial trading volumes and misleading retail investors. The fraudulent schemes created the illusion of active markets, prompting unsuspecting investors to pour money into manipulated crypto assets. The DOJ filed criminal charges against the scheme operators in a parallel transaction.