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Tag: IBUUMERANG

January 31, 2022

Court cases continue against high-risk payment processors Payvision, T1 Payments, and Pixxles!

It's court season again for Payvision and its former U.S. partner T1 Payments. While a fraud complaining has been brought in the U.S. by a former client against the T1 Payments group and its alleged successor company, the FCA-regulated e-Money Institution Pixxles Ltd, for alleged illegal activities, the European Fund Recovery Initiative (EFRI) has filed a lawsuit against Payvision for its scam-facilitating activities in Austria. T1 Payments is trying to dodge the U.S. lawsuit by preventing being served in the UK. Here's an update.

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.

The Arrest of René Benko: Austria’s Former Real Estate Titan Falls!

In a dramatic turn of events, Austrian real estate tycoon René Benko, once hailed as the mastermind behind the sprawling Signa Group empire, was arrested Thursday morning at his opulent Tyrolean villa. The Austrian Office of the Public Prosecutor for Economic Affairs and Corruption (WKStA) executed the arrest, citing risks of evidence tampering and the potential for further crimes.

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Trump’s Crypto Gambit: Ross Ulbricht’s Pardon and the Meme Coin Phenomenon Spark Industry Gratitude and Debate

In an important move fulfilling his campaign promise, President Donald Trump has granted a full and unconditional pardon to Ross Ulbricht, the founder of the Silk Road darknet marketplace. This decision has been met with widespread approval within the cryptocurrency community, which had long advocated for Ulbricht's release, viewing his life sentence as excessively harsh for a non-violent offense.

Freedom Restored: Ross Ulbricht Pardoned by President Trump in a Landmark Victory for the Crypto Revolution!

In a much-appreciated decision that has resonated positively throughout the crypto community, President Donald Trump has granted a full and unconditional pardon to Ross Ulbricht, the founder of the Silk Road darknet marketplace. This action fulfills a campaign promise made to libertarians and crypto enthusiasts, marking a significant moment in the intersection of digital currencies and governance.

Investor Briefing: Russian Court Judgment in STRABAG Case Heavily Impacting the Austrian RBI!

A recent €2 billion judgment by a Russian court against the shareholders of Austrian construction giant STRABAG, including Raiffeisen Bank International (RBI), has sent shockwaves through financial markets. The ruling, which implicates RBI's Russian subsidiary in a contentious legal dispute with Rasperia, raises significant concerns about the bank's exposure to Russian liabilities amidst ongoing Western sanctions.

The Billionaire Era: How Wealth Supremacy and Oligarchs are Dismantling Democracy in 2025!

In 2024, the world witnessed an unprecedented surge in billionaire wealth, with fortunes swelling by a staggering $2 trillion—an increase occurring at a rate three times faster than the previous year. This translates to an astonishing $5.7 billion amassed daily. Simultaneously, the global poverty rate has remained virtually unchanged since 1990.