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Tag: ICoption

September 3, 2019

Investment scams – European authorities investigate payment services provider MoneyNetInt

FinTelegram has received information that the authorities in Poland and other EU member states are investigating the payment service provider (PSP) MoneyNetInt Ltd. Whistleblowers and..

August 27, 2019

Binary Options Scam ICoption, the million-dollar lawsuit in Qatar and other court cases

Update Aug 28, 2019: Fintelegram is informed that the client of ICoption took legal action against the evidently innocent PSP in two different jurisdictions, possibly..

August 21, 2019

The Moneta International Report – A research report on the Binary Options era and its networks

Over the last weeks and months, we have painstakingly worked through the history behind the Moneta International UAB, which is registered in Lithuania as a..

August 19, 2019

Request for Information – Hermes Solutions, ProActive Trader, ICoption, TitanTrade, and other scams

FinTelegram received information connected to binary options scams around David Cartu. These include court documents provided by retail investors who have already filed criminal complaints in various jurisdictions.

August 13, 2019

The Eyal Nachum Declaration on Binary Options Scams!

Between 2014 and 2018 they were the new kings of the financial world. The Israeli Binary Options Masterminds like David Cartu, Uri Katz, Gal Barak,..

July 18, 2019

Broker Scams: BinaryBook, GreyMountain, Payobin and the compliance issue

In the US, the landmark trial in the Yukom Case began on July 16, 2019. The accused are Lee Elbaz, the former CEO of Yukom,..

July 5, 2019

ASKoption – another binary options scheme facilitated by Payobin’s payment network

The Israeli Payotech Ltd, which operated the payment platform Payobin, always claims that it was not involved in the business with illegal binary options brokers...

July 4, 2019

Binary Options Legacy – Payobin, Umbrella, ICoption and the tax question

A while ago FinTelegram reported about the lawsuit of Pay o bin Ltd (Payobin Ltd) against the US company Umbrella Onlinetech LLC. The complaint was..

May 9, 2019

Binary Options Payment Services Provider – Payobin vs. Umbrella OnlineTech LLC

The process of dealing with fraud with binary options before the respective courts in the US, Canada, the UK, and Europe has just begun two..

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.