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Tag: Christian van Biezen

OctaPay – The exposed fraud, the vanished money, and many open questions!

High-risk payment processors tamir -
According to his LinkedIn profile, Christian van Biezen lives and works in Limassol, Cyprus, one of the European powerhouses of Forex brokers, which are part of a high-risk industry, whether regulated or unregulated. Consequently, a highly active high-risk payment processor scene has developed around these Cypriot forex brokers. OctaPay was one of them, and Christian van Biezen was its director until he realized it was defrauding its merchants. So he left in December 2020, exposing the crime. As a result, OctaPay and its people vanished with most of its customer funds.

Breaking News – high-risk payment processor OctaPay vanished with the client money

Illegal Payment Services tamir -
It's not really a surprise. On the contrary, industry insiders expected it. OctaPay, the high-risk payment processor launched just a few months ago, has disappeared with its high-risk clients' funds. Its websites are offline, as are LinkedIn profiles such as those of CEO Madhumita Singh. According to UK Companies House, she also resigned as a director of OctaPay Limited on March 11, 2021, and is no longer the beneficial owner. She is, however, still a director of PSP Technology Limited and PSP Network Limited.

The iPayTotal Case – Insolvency, fact-based allegations, and alleged defamation

Fintech tamir -
it is always somewhat challenging to expose scam-facilitating high-risk payment processors (HRPP). They tend to send lawyers to claim defamation. Sure, these HRPPs make enough money for good lawyers with their high-risk business practices. Well, challenge accepted. The UK-Indian HRRP iPayTotal also feels defamed by FinTelegram's reports and wants them offline. Purportedly, we did not name or explain the sources. Well, here is a summary of the fact-based allegations.

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

Fintech tamir -
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.

Fired Octapay director calls payment processors scams

R4I tamir -
FinTelegram has reported about the activities of the high-risk Payment processor Octapay. Insiders presented us with information that, on the one hand, qualified Octapay as a scam and, on the other hand, purported that the same beneficial owners controlled it as iPayTotal. Shortly after our Request 4 Information on December 8, 2020, Octapay Europe CEO Christian van Biezen was fired for an impressive misconduct list. He denies allegations and calls Octopay and iPaytotal scams.

Problems at OctaPay – European director fired for refusing to accept illegal practices!

Fintech Mark Lagarde -
Troubles at high-risk payment processor Octapay which is allegedly conntected to iPayTotal through Vishal Coodye and its Rashal International LLC. Yesterdy, Octapay announced that its European CEO Christian V. was fired on accusations of an extensive list of serious malicious activities. We would like to learn more about Octapay and its activities.

FinTelegram is a cyberfinance intelligence and compliance platform investigating financial crime, regulatory violations, and the rails, entities, and ecosystems that facilitate them. Combining investigative journalism, whistleblower intelligence, and forensic compliance analysis, we map risk across payments, banking, crypto, and offshore structures to support transparency, accountability, and informed action.

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