Gijs Op de Weegh | FinTelegram News

Tag: Gijs Op de Weegh

August 9, 2024

Comparative Analysis: The Divergent Approaches of JPMorgan and ING to Failed FinTech Acquisitions!

JPMorgan Chase, a financial powerhouse in the U.S., and ING Group, a dominant banking institution in the Netherlands, have both ventured into the acquisition of FinTech companies to expand their digital capabilities. However, these acquisitions' strategies and subsequent management have diverged significantly, reflecting differences in corporate governance, regulatory environments, and responses to crises. Here is our comparative analysis.

August 4, 2024

Questioning the Transparency in the Biography of StablR Founder Gijs op de Weegh!

In the rapidly evolving landscape of cryptocurrency regulation, the European Union's Markets in Crypto-Assets Regulation (MiCAR) emphasizes the need for maximum transparency, particularly for stablecoin issuers. The former Payvision founder and COO, Gijs op de Weegh, founder and CEO of the new stablecoin issuer StablR, recently presented a piece of partially accurate biographical information that can mislead potential investors.

February 24, 2023

Request 4 Information: EFRI Is Looking For Scam Victims Facilitated By Payvision

Card payments are the most important and popular online payment systems. Only by checking the billing descriptors (set by the acquirer) can you identify the processing acquirer. EFRI identified the following billing descriptor used by Payvsion when processing the card transactions for Gal Barak and Uwe Lenhoff. EFRI is looking for scam victims that lost money via Payvision. Here are the identifying billing descriptors.

April 29, 2022

Update: Payvision and the Amsterdam-based SafeNed & Fourthline fintech group!

In Germany, the trials against the Veltyco Cybercrime Scheme of Uwe Lenhoff start soon. Uwe Lenhoff and many of the scheme’s shell companies have been..

April 27, 2022

FCA-regulated Payment Institution SafeNed re-appoints Tony Solomon as director and CEO

Effective March 30, 2022, FCA-regulated payment institution Safened Ltd has appointed payment veteran Antonios "Tony" Solomon as a director. Payvision founders Rudolf Booker and Gijs op de Weegh also serve as company directors. According to UK Companies House, Tony Solomon serves as Chief Executive Officer (CEO). Solomon, born in May 1958, listed Molenpad 2 in Amsterdam as his correspondence address. Interestingly, this is the company headquarters of Payvision.

April 26, 2022

Payvision founder Rudolf Booker and his desperate legal intimidation and defamation to silence EFRI!

Scam victims started to bring legal claims against ING subsidiary Payvision before the courts. Instead of dealing professionally with these claims, Payvision and its founder and former CEO Rudolf Booker started a tsunami of legal intimidation and defamatory campaigns to silence EFRI. A new climax was reached when Booker learned that Sixt was a speaker at the upcoming Financial Economic Crime event in Brussels. He retained a Belgian lawyer to send intimidating and defamatory threats to the event organizer and other event speakers to prevent Sixt from speaking.

September 23, 2021

R4I – The Amsterdam-New York Connection with Safened, fourthline, and Payvision spin-off Cetler

Safened is the trading name of Safened-Fourthline Limited, a company licensed by the FCA as an Authorised Payment Institution since May 2018. Safenet-Fourthline Opco Holding B.V. in Amsterdam controls the company, says UK Companies House. A director of Safened-Forthline is Payvision founder Rudolf Booker. SafeNed Deposits B.V. in Amsterdam is also connected to Safened. All companies are registered at Tesselschadestraat 12 in 1054 Amsterdam. The Payvision spin-off Cetler B.V. is also located there.

September 22, 2021

U.S. Fraud Complaint against T1 Payments, Payvision and its spin-off Cetler

There is no end to the drama surrounding the disgraced Dutch FinTech and high-risk payment processor Payvision. The ING subsidiary and its founders Rudolph Booker, Gijs op de Weegh, and Cheng Liem Li have been facing allegations of having facilitated scams and cybercrime for many years. In addition to criminal investigations and victims' claims, there are also lawsuits in the U.S. filed against Payvision and its spin-off Cetler. They allegedly were working in collusion with the T1 Payments group. Here's the story.

July 22, 2021

Disgraced Payvision founder Rudolph Booker loses motion for a preliminary injunction

Rudolf Booker was the co-founder and, until 2020, CEO of Payvision, a Dutch FinTech acquired by ING in 2018 at a valuation of €360M. Payvision..

May 1, 2021

Breaking News – Criminal complaints against Payvision and its founders

Payvision and its founder and former CEO Rudolf Booker are already subjects of the criminal proceedings in Germany and Austria. Uwe Lenhoff, the alleged mastermind of a cybercrime organization, was arrested in January 2019. He was a personal friend of Booker and used Payvision for his dirty business. Rudolf Booker was introduced to Lenhoff by Amsterdam real estate investor Dirk-Jan Bakker, a partner of Lenhoff, who was found dead in his prison cell in July 2020. Criminal charges have now been filed against Payvision and its founders for money laundering and investment fraud.

November 14, 2020

The Payvision Story continued – Fourthline and Cetler are the new playgrounds

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.

May 8, 2020

Dutch Payment Veteran Andre Valkenburg presented as new Payvision CEO

After the surprise departure of the founders of Payvision a few days ago, mother ING has installed a new CEO in Andre Valkenburg. He will..

Circle Joins U.S.-Led Initiative to Combat Illicit Finance in Virtual Assets!

Erik Rosenblatt, a senior leader at US stablecoin issuer Circle, will represent the company on the Illicit Virtual Asset Network (IVAN) board. Prior to joining Circle, Rosenblatt spent over two decades as a special agent with the U.S. Department of Homeland Security and the U.S. Department of the Treasury. As part of IVAN, Circle will have a voting role in determining the network's priorities and membership.

Evil Corp: A Comprehensive Report on Russia’s Family-Driven Cybercriminal Organization!

The U.S. Department of Justice and Department of Treasury have taken significant action against Evil Corp, a Russia-based cybercriminal group responsible for developing and distributing malware that has stolen over $100 million from banks and financial institutions across 40 countries. Evil Corp appears to operate as a family enterprise, with multiple family members involved.

Good News For Crypto: SEC Enforcement Director Gurbir S. Grewal Steps Down After Impactful Tenure!

The U.S. Securities and Exchange Commission (SEC) is set to experience a significant leadership change as Enforcement Director Gurbir S. Grewal announces his departure. Grewal oversaw a period of heightened regulatory activity specifically targeting the crypto sector. Under his leadership, the SEC Filed high-profile lawsuits against major cryptocurrency exchanges, including Binance and Coinbase.

U.S. DOJ Indicted Russian Hacker and Evil Corp Member Aleksandr Viktorovich Ryzhenkov!

The U.S. DOJ unsealed an indictment charging Russian national Aleksandr Viktorovich Ryzhenkov with using the BitPaymer ransomware variant to attack numerous victims in Texas and throughout the U.S. and hold their sensitive data for ransom. According to the indictment, beginning in at least June 2017, Ryzhenkov allegedly gained unauthorized access to the information stored on victims’ computer networks.

Starling Bank Slammed with £29M Fine for ‘Shockingly Lax’ AML Controls, Exposing UK Financial System to Criminals!

The UK neobank Starling Bank has been fined £29 million by the UK FCA for opening accounts for high-risk customers and failing to screen against full sanctions lists. Its rapid expansion outpaced its compliance measures, leaving significant gaps in its AML framework. Starling grew from approximately 43,000 customers in 2017 to 3.6 million in 2023. However, measures to tackle financial crime did not keep pace with its growth.