Tag: Cheng Lim Li

In April 2025, Mohamad Shaker — the head of the largest boiler room in German cybercriminal Uwe Lenhoff’s vast cybercrime empire — was sentenced to 8 years in prison by a German court. Shaker's conviction marks another milestone in dismantling one of Europe’s largest cybercrime organizations. Yet, while some lieutenants have faced justice, the key facilitators — including executives of Payvision and the Amsterdam-based money laundering network — remain untouched.

Dutch FD and FinTelegram recently reported on the FIOD's investigation of ING subsidiary Payvision. A report by the Dutch regulator DNB accuses Payvision of violating regulatory requirements and financial laws to prevent money laundering and terrorist financing and supporting cybercrime activities. Suspects besides Payvision include former directors Rudolf Booker and Cheng-Lim Li. ING issued the following statement, saying essentially that they worked hard to improve Payvision's risk systems.

According to a report by De Nederlandsche Bank (DNB), criminal investigations have been launched against Payvision, the Dutch media outlet FD reports. The Amsterdam-based ING subsidiary allegedly deliberately neglected money laundering controls for years. The Dutch regulator DNB reportedly warned ING about the deficiencies several times but saw little improvement. According to FD research, Payvision, Rudolf Booker, and Cheng Li are the suspects in this criminal case.

There is no end to the drama surrounding the disgraced Dutch FinTech and high-risk payment processor Payvision. The ING subsidiary and its founders Rudolph Booker, Gijs op de Weegh, and Cheng Liem Li have been facing allegations of having facilitated scams and cybercrime for many years. In addition to criminal investigations and victims' claims, there are also lawsuits in the U.S. filed against Payvision and its spin-off Cetler. They allegedly were working in collusion with the T1 Payments group. Here's the story.

Rudolf Booker was the co-founder and, until 2020, CEO of Payvision, a Dutch FinTech acquired by ING in 2018...

Payvision and its founder and former CEO Rudolf Booker are already subjects of the criminal proceedings in Germany and Austria. Uwe Lenhoff, the alleged mastermind of a cybercrime organization, was arrested in January 2019. He was a personal friend of Booker and used Payvision for his dirty business. Rudolf Booker was introduced to Lenhoff by Amsterdam real estate investor Dirk-Jan Bakker, a partner of Lenhoff, who was found dead in his prison cell in July 2020. Criminal charges have now been filed against Payvision and its founders for money laundering and investment fraud.

The largest Dutch financial newspaper Het Financieele Dagblad has continued the story with Payvision and ING with an impressive piece of investigative work. In addition to the data he received from FinTelegram and EFRI, Betlem did extensive research of his own and concludes in his two reports that Payvision was and is a horror project for ING. The founder team with Rudolf Willem Booker, Gijs op de Weegh, and Cheng Liem Li had to leave the company in April 2020.

After the surprise departure of the founders of Payvision a few days ago, mother ING has installed a new...

The investigative Dutch magazine Follow the Money ("FTM") yesterday published a detailed article on the resignation of the three founders and directors of Payvision. Rudolf Booker (45), Cheng Lim Li (42), and Gijs Op de Weegh (44) founded Payvision in 2002 and announced their voluntary or involuntary resignation on May 1, 2020. In the featured picture of the FTM article, the Payvision founders portrayed as FinTech cowboys who know how the game is played. They got rich by selling their Payvision shares to ING. With a valuation that was based on sales of scam clients.

Payvision founder and CEO Rudolf Booker was the subject of numerous reports on FinTelegram. At least since 2015, he had navigated his Payvision into the fraudulent binary options scene at the time, working closely with people like the German Uwe Lenhoff and the Israeli Gal Barak. Both are now in prison and awaiting indictment for forming criminal organizations and investment fraud. Lenhoff was even a distribution partner for Payvision and was to attract additional scam clients.