Daniel Poleb | FinTelegram News

Tag: Daniel Poleb

September 17, 2024

Breaking: FBI Enforcement Action Validates Previous FinTelegram Warnings Against Fund Recovery Scams!

The U.S. FBI has taken decisive action against several cryptocurrency recovery websites, confirming FinTelegram's longstanding warnings about these fraudulent operations. The FBI San Diego Field Office has seized websites belonging to three cryptocurrency recovery services, which validates our reporting and underscores the critical importance of our alerts to potential victims.

September 3, 2024

⚠️ WARNING: Do Not Fall For The Pay Back Fund Recovery Scam ⚠️

The UK Financial Conduct Authority (FCA) has issued a renewed warning against Pay Back, a/k/a Money Back fund recovery scheme. This scheme, which operates out of Israel, has been blacklisted by FinTelegram due to its deceptive practices. Despite posing as a legitimate recovery service, Pay Back has been exploiting scam victims by promising to recover their lost funds for an upfront fee.

July 2, 2024

Breaking News: FBI Seizes Pay Back’s Website Amid Fund Recovery Scam Allegations

The FBI has taken decisive action against the notorious Israeli money recovery scheme, Pay Back, by seizing its website. FinTelegram has long warned about this fraudulent operation, also known as Payback and Money Back, placing it on our black compliance list. For years, we believe that this scheme has exploited fraud victims by falsely promising to recover lost funds, operating under various brands, domains, and websites. We ask insiders and victims to provide additional information.

June 26, 2024

Attention: Another Regulatory Warning Against Israeli Fund Recovery Scheme Pay Back!

The Israeli fund recovery scheme, Pay Back, a/k/a Money Back, has been black-listed by FinTelegram following detailed investigations. Operating for years under various brands, domains, and websites, this scheme has been exploiting the vulnerabilities of scam victims under the guise of offering them a chance to recover their lost funds. The UK FCA issued an updated warning against the scheme, which acts as a clone of an FCA-regulated entity.

August 6, 2023

Urgent Warning Against Israeli Pay Back Agency Fund Recovery Scheme!

In our view, dubious fund recovery schemes are the worst of all because they play on the forgiveness of victims. The U.K.'s financial markets regulator FCA has warned against the Pay Back Agency fund recovery scheme, which would allegedly be regulated in Israel. In 2019, the FCA and other regulators warned against Pay Back Ltd, a/k/a Payback Limited. We think these schemes belong together and warn all victims of scams to fall for them.

September 4, 2021

Israeli fund recovery schemes chasing scam victims

Israeli fintech pundits also invented binary options industry. Big players like SpotOption, PandaTS, or Tradologic had thousands of binary options schemes running on their platforms as white-label clients. Binary options turned out to be ultimately a gigantic fraud industry. Conveniently, fund recovery companies have also emerged in Israel, often run by former scammers. Schemes like Europe Refund or MyQuickRefund run massive Google Ad campaigns to acquire scam victims and sell their expensive services.

July 7, 2021

Fund Recovery – An Ombudsman report on PayBack and Money Back

We have already published a review about the Israeli fund recovery service Pay Back a/k/a PayBack a/k/a Money Back owned by Amir Geva and Daniel Poleb. It is no secret that we are very skeptical when fund recovery services ask victims for several thousand euros or dollars down payment and, in addition, profit sharing. In many cases, it would be easier for victims to go directly to the relevant financial ombudsman and reclaim the money from the facilitating bank. This is also confirmed by the following report from a Financial Ombudsman.

Fund Recovery

January 8, 2021

MoneyBack and PayBack – more fund recovery ventures from Tel Aviv

Israeli scammers have expanded their business model globally between 2010 and 2018, spreading their boiler rooms geographically. They defrauded hundreds of thousands of retail investors out of billions of dollars. Now, the center of the global fund recovery business is in Tel Aviv. Like Wealth Recovery International (WRI) of Austin Smith, some of them have turned out to be scams or fraudsters. Others like Action Refund, Money Back, or Pay Back are being under our investigation. Stay alerted and super-cautious. We'll keep you updated!

The Unraveling of Rabidi and the Rise of the SoftSwiss Network: Our Updated Forensic Report

A few months ago, FinTelegram released a first forensic report on the bankruptcy of Rabidi N.V., a Curacao-registered online casino operator with hundreds of millions in revenues — and no traceable assets by the time of its collapse in May 2024. That report already raised serious questions about the opaque structures behind Rabidi’s operations and its successor, Liernin Enterprises Ltd.

DeFi Decoded: Smart Contracts – The Code Behind the DeFi Revolution

Smart contracts are the invisible architects of decentralized finance. These self-executing lines of code run everything from token swaps to lending platforms without middlemen. But while they offer autonomy, they also introduce new risks—bugs, exploits, and irreversible mistakes. In this fourth installment of our FinTelegram DeFi Series, we explain what smart contracts are.

CFTC

Despite New Crypto Friendlyness: No Settlement Between U.S. CFTC And KuCoin?

A planned settlement between the U.S.CFTC and crypto exchange KuCoin is now in limbo due to a reported policy shift within the CFTC. This change is attributed to the Trump administration’s new approach, which deprioritizes enforcement actions against crypto companies. As a result, a CFTC attorney said that it is "unlikely that such authorization will be granted in the near term" regarding the settlement approval.

SEC’s New Era: Paul Atkins Sworn In—Will Crypto Finally Get the Regulatory Clarity It Deserves?

The U.S. Securities and Exchange Commission (SEC) has entered a new chapter with the swearing-in of Paul S. Atkins as its 34th Chairman, a move widely anticipated to mark a dramatic pivot in how the agency approaches crypto and DeFi regulation. For years, the financial industry—especially the burgeoning digital asset sector—has bristled under the SEC’s “Regulation by Enforcement” strategy.

Crypto Mogul Changpeng Zhao – Fallen, Rich, and Rising Again?

As spring 2025 blooms and Easter’s themes of rebirth fill the air, Changpeng Zhao emerges as one of the most controversial figures of startup mythology: a man who fell spectacularly, paid a price—then rose again, wealthier and louder than ever. Once the almighty architect of Binance, CZ now resides in Dubai with a net worth that Forbes estimates at $63 billion.