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Tag: Digital E Payment Services

July 26, 2020

Austrian regulator FMA warns against Joshua Group and its 10CryptoMarket scam

On 25 July 2020, the Austrian Financial Market Authority FMA issued an investor warning against Joshua Development Ltd and its new broker scam 10CryptoMarket (www.10cryptomarket.com). In the past years, the Joshua Group has operated a number of scams via various dummy companies such as Joshua Consulting Ltd, Joshua Partners EOOD, or Joshua Development Ltd. Financial market supervisory authorities have issued corresponding investor warnings against the Joshua Group.

Wirecard’s Jan Marsalek Confirmed as Russian Spy Mastermind in UK Espionage Conviction

A London court has delivered a seismic verdict in the ongoing saga of Wirecard, the collapsed German fintech giant: six Bulgarian nationals have been convicted and sentenced for spying on behalf of Russian intelligence, acting under the direct orders of Wirecard’s fugitive former COO, Jan Marsalek. This marks the first time a court has definitively established that Wirecard, under Marsalek’s leadership.

Odebrecht Scandal: Former BankerPeter Weinzierl Extradited to U.S., Held Without Bail in Brooklyn Jail

Former Meinl Bank CEO Peter Weinzierl has been extradited from the United Kingdom to the United States and is currently in custody at the Metropolitan Detention Center (MDC) in Brooklyn. The 59-year-old Austrian banker faces charges related to his alleged involvement in laundering over $170 million in bribes connected to the Odebrecht corruption scandal.

KBH Andelskasse Conviction Exposes Deep-Rooted Fintech-Driven Money Laundering Network

The recent conviction of former KBH Andelskasse CEO Bo Stengaard marks a pivotal yet incomplete chapter in one of Denmark’s most alarming money laundering scandals. While Danish media focuses on Stengaard’s four-month suspended sentence, a broader compliance investigation reveals a sophisticated network involving payment firms Clearhaus and FCA-regulated Moorwand.

Speculative Buy (With Guts)

The Invisible Backbone of Web3: Is Aleph.im the Missing Link Between DeFi and AI?

Aleph.im is one of the most underrated infrastructure plays in Web3 — offering decentralized compute, storage, and indexing services that could power the next wave of AI x DeFi applications. Unlike most layer-1 vanity projects, Aleph.im solves real problems for real dApps: it lets decentralized applications operate without relying on centralized backends like AWS.

Startup on Trial

Startup on Trial: Elizabeth Holmes and Theranos – Visionary or Fraudster? The Final Appeal Denied

Elizabeth Holmes, once celebrated as the world’s youngest self-made female billionaire, is now serving an 11-year prison sentence for defrauding investors in her blood-testing startup, Theranos. In May 2025, the 9th U.S. Circuit Court of Appeals dealt her what may be the final legal blow, denying her bid to have her 2022 conviction reheard.