Tag: Fourthline

The former CFO of Vienna-based crypto exchange Bitpanda, Peter Grausgruber, is moving to Dutch regtech Fourthline, a company co-founded by the disgraced Payvision founder Rudolf Booker. Fourthline has announced the appointment of Peter Grausgruber as CFO of the provider of KYC and AML solutions. Grausgruber joined Bitpanda in 2019 and has guided the company through several financing rounds.

On the 28th of October 2021, ING announced that its subsidiary Payvision would be terminated. The Amsterdam-based FinTech, founded by Rudolf Booker, had just been acquired by ING in 2018 for €360 million. However, it turns out that Payvision facilitated cybercrime and porn business with its payment services. Booker was forced to leave in April 2020. Evidently, he wants to build on his cybercrime expertise and develop the compliance venture Fourthline. Investor protection advocate Elfriede Sixt calls this a joke!

In Germany, the trials against the Veltyco Cybercrime Scheme of Uwe Lenhoff start soon. Uwe Lenhoff and many of...

The largest Dutch financial newspaper Het Financieele Dagblad has continued the story with Payvision and ING with an impressive piece of investigative work. In addition to the data he received from FinTelegram and EFRI, Betlem did extensive research of his own and concludes in his two reports that Payvision was and is a horror project for ING. The founder team with Rudolf Willem Booker, Gijs op de Weegh, and Cheng Liem Li had to leave the company in April 2020.