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Tag: Debra Karen King

October 29, 2023

Interpretation and Summary of Court Order in the Bankruptcy Proceedings Against T1 Payments

U.S. high-risk payment processor T1 Payments was once the partner for ING's now-closed Payvision subsidiary. T1 Payments faced numerous lawsuits from merchants alleging fraud and fled into bankruptcy in January 2023. The payment processor was run by Donald Kasdon, his mother Debra Karen King aka Debra Karen Kason and his fiance Amber Fairchild. The later founded the FCA-regulated e-Money Institution Pixxles Ltd.

January 31, 2022

Court cases continue against high-risk payment processors Payvision, T1 Payments, and Pixxles!

It's court season again for Payvision and its former U.S. partner T1 Payments. While a fraud complaining has been brought in the U.S. by a former client against the T1 Payments group and its alleged successor company, the FCA-regulated e-Money Institution Pixxles Ltd, for alleged illegal activities, the European Fund Recovery Initiative (EFRI) has filed a lawsuit against Payvision for its scam-facilitating activities in Austria. T1 Payments is trying to dodge the U.S. lawsuit by preventing being served in the UK. Here's an update.

Breaking: Former Austrian Finance Minister Karl-Heinz Grasser Goes to Prison And Into Personal Bankruptcy!

A corruption scandal unlike anything the European Union has ever seen: former Finance Minister Karl-Heinz Grasser has hit rock bottom. Following the final verdict in the largest corruption trial of the Second Republic, he now faces not only imprisonment but, as revealed today, has also filed for personal bankruptcy.

Stablecoins in DeFi: Pegs, Promises, and the Terra Collapse

Stablecoins are the lifeblood of DeFi. They promise the stability of fiat currencies with the flexibility of crypto—and serve as the core trading pair, collateral, and unit of account in decentralized finance. But when a stablecoin loses its peg, the entire system trembles. In this fifth installment of the FinTelegram DeFi Series, we explore the types of stablecoins, how they function in DeFi.

Financial Report: The Growing Importance of Stablecoins in Traditional Finance (TradFi)

With a total market capitalization exceeding $260 billion and transaction volumes surpassing $27.6 trillion in 2024, stablecoins are redefining payment infrastructure by offering speed, cost efficiency, and transparency. Recent developments, such as Visa’s deepened involvement in stablecoin infrastructure and Circle’s anticipated initial public offering (IPO), underscore the segment’s growing integration with TradFi.

Mastercard Bets Big on Stablecoins: Pioneering the Next Wave of Digital Payments and Outpacing Rivals

Mastercard is positioning itself as a leader in bridging traditional finance with digital assets through a comprehensive stablecoin strategy. By developing end-to-end infrastructure and forging key partnerships, the company aims to make stablecoins as usable as fiat currency for consumers and merchants – a move with significant implications for global payments.

EXPLOSIVE REVELATIONS: 20Bet’s GERMAN GAMBLING EMPIRE – AND REVOLUT’S SHADOWY ROLE IN ILLEGAL PAYMENT PIPELINE

The cyberfinance rating agency RatEx42 just published an explosive report. A toxic web of regulatory violations, money laundering risks, and consumer exploitation has been exposed in Germany’s underground gambling scene – with 20Bet at its core and Revolut allegedly fueling its operations. Fresh evidence suggests a brazen disregard for EU gambling laws, AML protocols, and Germany’s strict GlüStV regulations45.