Dietmar Knoechelmann | FinTelegram News

Tag: Dietmar Knoechelmann

April 21, 2023

Interesting: The Wirecard Porn Merchants Are Part Of The Defense Strategy In Wirecard Trial!

In the last days of the Wirecard trial, former Wirecard CEO Markus Braun footed his defense on merchants still considered "big players" in the porn sector. However, their business was not handled by third-party partners in Asia but by Wirecard itself or so-called "white label acquirers" from Europe with whom it had business ties. This is shown by several internal merchant lists with more than 8,000 (!) porn websites listed.

March 26, 2023

Wirecard Trial: The Questionable Role Of The Payabl Founders!

The Wirecard trial in Munich against Markus Braun, Oliver Bellenhaus, and Stephan von Erffa is closely followed on Twitter. The private investigator @csfa continuously publishes background information on the trial, which he also attends. Most recently, he shared that he emailed the prosecutors to point out the role of former Wirecard director Ruediger Trautmann and Payabl (formerly PowerCash21). He also exposed some interesting new companies connected to Trautmann and Payabl.

March 23, 2023

Wirecard Legacy: Payabl Versus NomuPay Or How To Grow A Payment Business!

NomuPay, founded and financed by Finch Capital, acquired some companies from the collapsed Wirecard in 2021. Among them also Wirecard Turkey. Payabl was founded in 2011 by Wirecard executives Ruediger Trautmann and Dietmar Knoechelmann and operated as PowerCash21 until 2022. While we see hardly any growth at NomuPay, Payabl, deploying the Wirecard business model with porn, gambling, and online investment merchants, is experiencing explosive growth.

March 7, 2023

From Wirecard To Payabl: Request 4 Crowdsourced Fact Check Of A Defamation Complaint!

The first Wirecard trial is currently taking place in Munich. The defendants are the former CEO Markus Braun, Oliver Bellenhaus, and Stefan von Erffa. In..

March 3, 2023

Wirecard Trial: Markus Braun Fighting To Prove The Existence Of 3rd-Party Acquirer Network!

In Munich, Markus Braun, the former CEO of collapsed German fintech unicorn Wirecard, is fighting to prove his innocence to the court. Yesterday Thursday, he used a PowerPoint presentation to prove that the controversial third-party acquiring business in Asia existed. The prosecutors' crown witness Oliver Bellenhaus denied the existence of this business. The judge was skeptical; Braun could not answer important questions conclusively. Here is the FinTelegram update!

March 1, 2023

Worthwhile Reading: The New Yorker Analyses Of The Wirecard Case

Ben Taub has written a remarkable piece on the Wirecard case in The New Yorker. In contrast to many German-language articles, Taub also sheds light on the beginning and early background of the collapsed German fintech unicorn. He explains that Wirecard's growth was primarily fueled by payment services for gambling and porn. The Wirecard scheme as we know it began with the acquisition of Gateway Payment Solutions from Dietmar Knoechelmann.

February 15, 2023

Scandal: Old Money Laundering & Fraud Complaint Against Wirecard Unearthed!

On March 4, 2010, the Munich I Public Prosecutor's Office received a report with a lot of explosive power that could have an impact on the current Wirecard trial. "Criminal complaint for money laundering in the billions against Wirecard AG, Management Board Markus Braun," is the (translated) title of the new complaint, the Austrian Kurier reports. It states that Wirecard's entire business model "is based on the processing of highly profitable but illegal transactions."

Offshore Broker

February 14, 2023

Offshore Radar: Updated Review Of VT Markets Facilitated By Payabl And BridgerPay!

VT Markets is an Australian broker scheme that also allows the onboarding of retail clients in EEA jurisdictions via offshore entities. VT Markets offers maximum leverage of 1:500. Until mid-2022, VT Markets was part of the Vantage Group and still operates with the same solution. In fact, VT Markets is a 1:1 implementation of VantageMarkets with different branding. Payabl and BridgerPay are the main payment facilitator of the scheme, which has already received regulatory warnings.

February 12, 2023

People Radar: Introducing Payabl Non-Executive Director James Hickman!

According to his LinkedIn profile, James Hickman, a British national, serves as CEO of the publicly traded (AIM: CSFS) Cornerstone FS PLC. Its subsidiary Cornerstone Payment Solutions Ltd, is an FCA-regulated e-money institution. James Hickman also serves as a non-executive director at the UK entity of German-Cypriot high-risk payment processor Payabl, founded and controlled by former Wirecard executives Ruediger Trautmann and Dietmar Knoechelmann.

High-risk payment processors

January 14, 2023

Visa Welcomes High-Risk Payment Processor Payabl In Direct Preferred Partner Program!

Cyprus-based high-risk payment processor Payabl has become the latest addition to the Visa Direct Preferred Partner Program, PaymentExpert reports. The membership will provide Payabl access to Visa’s tools to improve real-time payment solutions. There is an intense discussion on Twitter about the payment processor specializing in porn and gambling and its founders, Ruediger Trautmann and Dietmar Knoechelmann. The company recorded a 182% YoY growth with its high-risk merchants.

January 13, 2023

Wirecard Trial: Crown Witness Told Court That Payabl Founder May Have Established The Asian Connection!

German prosecutors believe Dubai and Asia hold the key to uncovering the Wirecard scheme. This is also where the (actually non-existent ) billions are said..

January 11, 2023

Interesting! Visa Cuddles Up With High-Risk Payment Processor Payabl Despite PornHub Causa!

In August 2022, Visa and Mastercard suspended card payments for TrafficJunky, the advertisement arm of MindGeek, owner of the website PornHub, after a lawsuit raised questions over whether the payment firms have facilitated monetizing child porn and sex trafficking. A federal judge in California rejected Visa's motion to dismiss a lawsuit by a woman who alleges the company facilitated the distribution of child porno on PornHub and other websites run by MindGeek.