Tag: Edgars Lasmanis

US Trader Alexander Gerchik targest Russian-speaking studentsF
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December 27, 2022

FCA-Regulated High-Risk Payment Processor Connectum And Its Russian Activities!

What business is the FCA-regulated payment institution Connectum has been on our radar over recent years as a facilitator of broker scams and as a partner of high-risk processors such as HoneyPay or Hawex. According to the latest Similarweb statistics, Connectum makes a significant part of its payment volume with Russia. Among other things, we noticed that Alexander Gerchik, a trader living in New York, exclusively targets Russian clients who deposit via Connectum through his trading education website Gerchik.com.
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The Paystree Group with Connectum and HawexE
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December 11, 2022

Exposed: FCA-Regulated Connectum And Russian High-Risk Payment Processor Hawex!

FCA-regulated payment institution Connectum was a notorious scam facilitator and money launderer for the fraudulent Israeli broker scene. It processed payments for the cybercrime organization of the convicted Israeli Gal Barak. At least until a few months ago, Connectum has been working closely with the Russian-controlled high-risk payment processor Hawex, in which the notorious Indo-British Ruchi Rathor is also involved. Whistleblowers have provided us with data exposing Hawex merchants billed through Connectum.
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Binex Group and Connectum network of companies with Edgars LasmanisR
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June 14, 2021

R4I – Connectum, Walletto, and the money laundering connections to Russian Binex Group

The former CEO and beneficial owner of FCA-regulated Connectum Limited, Latvian Edgars Lasmanis has joined Walletto UAB, a regulated Lithuanian e-money institution, as chairman of the supervisory board. He has held this role since October 2017, according to his LinkedIn profile. Lasmanis resigned as director and CEO of Connectum in January 2021, according to UK Companies House. Connectum, in turn, has had a central role in the money laundering of Binex Group LP around the E&G Bulgaria cybercrime organization of Gal Barak, Gery Shalon, and Vladislav Smirnov.
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