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Tag: GermanBlueChip Pool

September 12, 2022

People Radar: German FinTech Investor Jan Malkus

Jan Eric Malkus is a German entrepreneur and investor who has made a name for himself as an investor in the financial sector, among other things. He is considered the founder of the BDSwiss Group and is still its dominant shareholder through his Cypriot Duronga Holdings GmbH. He is a director in the CySEC-regulated BDSwiss Holding Limited and in its parent company BDSwiss AG in Switzerland. Malkus manages the investments through his investment firms, Vastani and Ventura Investment AG.

May 9, 2022

Interesting! CySEC-regulated BDSwiss business, its exploding numbers, and ambitious plans!

While the revenue of CySEC-regulated BDSwiss grew by 149% to €121.7 Mio in 2020, its profit before tax quadrupled to almost €50 Mio. The total trading volume surpassed €1 trillion and client deposits exploded from €102 to €238.4 Mio. The impressive growth was driven by the Contract for Differences (CFD) brokerage, which accounted for more than 99% of the revenues. For 2021, BDSwiss forecasted a profit of more than €66 Mio from the CFD business alone.

Former Lebanon Central Bank Governor Riad Salameh Charged with Financial Crimes

It was a long-expected move. The powerful former Lebanon Central Bank Governor Riad Salameh has been arrested and charged with embezzling $42 million in public funds, part of a broader $110 million fraud case. His detention comes amid ongoing domestic and international investigations into financial misconduct during his controversial three-decade tenure. In 2022, the European Union Agency for Criminal Justice Cooperation (Eurojust) froze assets worth €120 million tied to Salame.

Prosecuted Telegram CEO Durov Challenges Personal Liability for Platform Misuse!

The prosecuted Telegram CEO Pavel Durov argues that holding CEOs personally liable for platform misuse is an outdated practice that threatens innovation. Following his Paris arrest, Durov emphasized that platforms like Telegram must adapt to rapid growth, but outdated liability standards should not stifle progress. His case highlights the ongoing debate about balancing innovation, privacy, and regulation in the tech world.

U.S. Regulator CFTC Lost Court Case Against Kalshi Legal Battle Over Election Bets!

KalshiEx is a U.S.-based prediction market platform that sought to offer trading in derivatives contracts based on the outcomes of Congressional elections, which the CFTC prohibited. KalshiEx challenged the regulator's decision in court and won, opening the door for election-based derivatives markets in the U.S. However, the CFTC is seeking a temporary stay.

Germany: Accomplices in Fraudulent Cyber Trading Platforms Charged by Karlsruhe Prosecutor!

The Baden-Württemberg Cybercrime Center in Germany has announced that it charged three suspects linked to an international fraud scheme that cost over 820 victims more than €5 million. The case marks a significant step in combating organized cyber trading fraud but underscores the growing complexity of such operations that often rely on an international division of labor.

Influencers

Influencers and Financial Crimes: A Short Guideline and a Request for Whistleblower Information!

Recently, the influencer industry has come under increased scrutiny from regulatory bodies worldwide. The case of Turkish influencers Dilan Polat and Engin Polat, facing $30 million money laundering charges and allegations of operating an illegal betting ring, perfectly demonstrates the potential legal risks in this sector. This high-profile case has prompted authorities to investigate hundreds of other influencers for potential financial crimes.