Dietmar Knoechelmann | FinTelegram News

Tag: Dietmar Knoechelmann

December 2, 2022

Popcorn Days: Wirecard Trial Starts With Open Questions About Its Shadow Structure!

The Wirecard trial begins on 8 Dec 2022. The main question will be: Who is responsible for the scandal? Markus Braun, the founder and former CEO, Oliver Bellenhaus, managing director of Wirecard Dubai, and the former head of accounting, Stephan von Erffa have to answer critical questions! Braun and his accomplices are alleged to have operated Wirecard as a criminal organization, the indictment says. The court has scheduled 100 days of hearings. In an underground courtroom.

November 23, 2022

High-Risk Payment Processor Payabl Continues Explosive Growth With Porn Merchants.

While Laila Mickelwait continues to fight tirelessly on Twitter against Pornhub and the sexual abuse and illegal content on sex sites, the German-Cypriot high-risk payment processor Payabl (www.payabl.com) which specializes in porn sites, continues to grow unabated. Last month, the website recorded around 20% more visitors than the previous month. Most of the website visitors come from German porn sites like xHamsterLive and StripChat.

November 10, 2022

Interesting! Explosive Growth Of Porn Payment Processor Payabl.

While former Wirecard CEO Markus Braun prepares in prison for his trial starting in December 2022, the growth of Wirecard successor Payabl is exploding. German-Cypriot high-risk payment processor Payabl was founded by former Wirecard top executives Dietmar Knoechelmann and Ruediger Trautmann. The number of website visitors exploded from around 15,000 in July to more than 306,000 in October 2022. The growth is primarily fueled by porn customers such as xHamsterlive or StripChat.

November 9, 2022

Offshore Broker VT Markets Facilitated By Cyprus-Based Payment Processor Payabl.

Until 2021, the Bank of Cyprus-regulated payment institution Payabl did business as PowerCash21. The high-risk payment processor founded by former Wirecard top executives Dietmar Knoechelmann and Ruediger Trautmann specializes in porn, gambling, and online trading. Among its customers is apparently also the offshore broker VT Markets as a Similarweb analysis shows. A warning was issued against VT Markets by the Spanish regulator in August 2021.

November 7, 2022

Interesting: German-Cyprus Payabl Seems To Be The Leading Porn Payment Processor!

Recently, the online financial magazine FinanceFWD brought a report about the porn customers of the collapsed German high-risk payment processor Wirecard. For years, Wirecard happily processed payments for the porn empire around MindGeek, for example, for their websites PornHub or YouPorn. Today, the former Wirecard top executives Dietmar Knoechelmann and Ruediger Trautmann and their German-Cyprus Payabl Group are among the leading porn payment processors, Similarweb data suggest.

High-risk payment processors

November 6, 2022

New Reports About Wirecard’s Porn Business!

In 2021, when Commerzbank terminated the account of the porn company Manwin, Wirecard was on the spot. The German fintech did business with the porn industry for longer than ex-CEO Markus Braun portrayed it to the outside world. Wirecard grew to prominence with customers in the gambling and porn industries. Over the years, however, Braun tried to shed the smut image of the early years as best he could. German FinanceFWD recently published an interesting report.

November 3, 2022

Wirecard Legacy: The Krores Riddle

In 2007, Dietmar Knoechelmann and Ruediger Trautmann, who were Wirecard executives at the time, established the prepaid card provider Krores in Dublin, Ireland. In addition to their executive functions at Wirecard, both also took on the job of directors in the Krores Group. Conveniently, the Ireland office was located in the same building as Wirecard UK and Ireland Limited, Ulysses House. Krores was reportedly sold to a listed German bank sometime around 2010.

November 2, 2022

Forensic Analysis: How Wirecard Became An International High-Risk Payment Juggernaut!

Wirecard was an unremarkable and not particularly innovative German payment processor until 2007. The international take-off started with the acquisition of Trustpay International AG and the two payment veterans Ruediger Trautmann (2005) and Dietmar Knoechelmann (2006). Wirecard acquired companies from them in complicated and secretive transactions, creating a huge international high-risk payment volume. Here is the story of Wirecard's internationalization.

High-risk payment processors

November 1, 2022

The Untold Story From Wirecard And Powercash21 To Payabl

The Powercash21 scheme is already over 20 years old and was created parallel to the collapsed Wirecard. At that time, the buzzword fintech was not even known. The domain www.powercash21.com was registered in 2000 by Ruediger Trautmann even before he became COO of Wirecard in 2005. From 2001, the website was operated by the German Inatec Group. Among others, the former Wirecard manager Dietmar Kuhl acted as managing director at Inatec. In or around 2011, the Cyprus-registered Powercash21 Limited then took over the website's operation.

October 28, 2022

Wirecard Legacy: High-Risk Payment Processor Payabl. And Its Business Model!

While the former Wirecard CEO Markus Braun is waiting for his trial in Germany, the insolvency administrator, Michael Jaffé, is trying to shed light on the scandal and claims damages against the former management and partners. In June 2022, he secured over €220 million from a subsidiary. Meanwhile, high-risk payment processor Payabl, founded and run by former Wirecard top executives, is thriving and promoting itself in an aggressive Wirecard-style on social media.

October 7, 2022

Impressive! Payment Processor Payabl Numbers Exploded Powered By Adult Business And Gambling!

The Similarweb September statistics came out and show that the number of visitors to the website of Cypriot-German payment processor Payabl (formerly PowerCash21) increased tenfold in Q3 2022 - from just under 15,000 to almost 140,000. Similarweb says that more than 55% of website traffic has been sourced from porn sites and just under 35% from gambling, betting, and lottery sites. Payabl is thus likely to have replaced the collapsed Wirecard in Germany as the high-risk payment processor, Similarweb suggests!

Fintech

October 3, 2022

Payabl Investment Klarpay Proudly Announced Its Q3 2022 Milestones!

Klarpay is a FINMA-regulated FinTech and received an investment from Payabl Group a few months ago. The latter was founded by former Wirecard executives Ruediger Trautmann, Dietmar Knoechelmann, and his wife Ayelet Fruchtlander-Knoechelmann. Klarpay announced that in Q3 it became a Principal Member of the VISA network and integrated Visa’s B2B Connect, which enables Klarpay’s business customers to perform cross-currency outbound payments. And it introduced Apple Pay.