Tag: Gerald Cotton

Until recently, Germany had a good reputation in the financial sector although its banking industry has significant structural problems. All the more reason to be proud of Wirecard. The DAX-listed German fintech managed by the two Austrians Markus Braun and Jan Marsalek seemed to be the superstar in the booming market of next-generation payment processors. Until it collapsed. But there are several dubious German fintechs and payment processors that are active in the worldwide cybercrime scene. Michael Gastauer and his group of companies should be mentioned here.

On January 13, 2020, the U.S. Department of Justice announced that the British citizen Roger "Rocket" Knox, 49, founder and operator of Swiss asset management firm Wintercap pleaded guilty to securities fraud and conspiracy to commit securities fraud. His co-conspirators Matthew Ledvina, Milan Patel and Morrie Tobin have also pleaded guilty and await sentencing. According to the U.S. regulator SEC, Knox's scheme used Michael Gastauer's Black Banx (previosly "WB21") group of companies to launder the scheme's illicit proceeds. Knox was arrested in October 2018 and remains in custody until the scheduled sentencing the court ordered.

The Canadian crypto exchange QuadrigaCX allegedly lost access to some $195 million in crypto after its 30-year old co-founder...

Gerald Cotten, the CEO and co-founder of Canadian crypto exchange QudrigaCX allegedly died in India in December 2018 and...