Jan Marsalek | FinTelegram News

Tag: Jan Marsalek

March 14, 2023

The New Main Suspect In The Wirecard Trial!

Financial Times called James Henry O’Sullivan a hard-partying Englishman. The German prosecutors in the Wirecard trial claim that he was part of the Wirecard fraud scheme in Asia. Allegedly, O’Sullivan cashed hundreds of millions of euros from Wirecard. In Singapore, the 48-year-old faces charges of abetting the falsification of documents, including papers to persuade Wirecard’s auditors EY that the company had extensive cash reserves, which it hadn't.

January 20, 2023

Not A Good Investment! Wirecard Crown Witness Received €4.8 Mio For His Fraud Contribution!

The former executive for Wirecard in Dubai, Oliver Bellenhaus, continued to explain the Wirecard fraud to the court in Munich. He confessed that his involvement in the alleged Wirecard billion-euro fraud earned him €4.8 million. According to the indictment, Bellenhaus, who worked in Dubai from 2013 to 2020, received this sum as a one-off payment, diverted from company funds, and bypassed the payroll department. His monthly salary was €13,000 he said on Thursday.

December 20, 2022

Wirecard Trial #3: Wirecard Was A Fraud System And A Cancer!

On Day 3 of the Wirecard Trial, the prosecution's key witness, Oliver Bellenhaus, is called to testify. The former director of the Wirecard business in Dubai speaks quietly and extremely quickly. He wants to get his testimony over with as quickly as possible and avoids any eye contact. In essence, he confirms what he has already said during the questioning at the public prosecutor's office. The TPA system was a big fraud, audit data was faked, and Wirecard was a cancer, Bellenhaus told the court.

December 19, 2022

Whistleblower Request: High-Risk Payment Processor NomuPay, Wirecard, And Payvision!

We have received whistleblower information that NomuPay, a payment processor established in 2021, is has taken over part of the businesses of Wirecard and Payvision. One of the masterminds behind NomuPay is said to be Payvision founder and former CEO Rudolf Booker a/k/a Rudy Booker. NomuPay has reportedly taken over parts of the high-risk business of Payvision and Wirecard and is focusing on Asia andTurkey in addition to Europe. We would like to know more about NomuPay and its network of partners and merchants.

December 12, 2022

Wirecard Trial: Lawyer Of Former Wirecard CEO Seeks To Suspend Trial

Former Wirecard CEO Markus Braun and his lawyers need more time to examine the documents. His defense lawyer Alfred Dierlamm today announced a motion to suspend the fraud trial against Braun and two other ex-managers of the insolvent payment services provider. The background was "what was poured onto our table in terms of files," he said on the second day of the trial at the beginning of his statement, which was scheduled to last about two hours.

December 9, 2022

Wirecard Trial Day #1: Prosecutor Reads Indictment And Paints A Criminal Organization!

The trial started with a delay of about 45 minutes because the entrance checks for the visitors took longer than planned. The reading of the indictment takes about 5 hours. The prosecutors allege that tens of thousands of shareholders have lost more than €20 billion. Banks and other creditors were left with more than €3 billion. The former CEO Markus Braun, who at some point before 2015 would have formed a criminal organization out of Wirecard, is said to be primarily responsible.

August 29, 2022

Where Are The Wirecard Millions? An Investigative Journey Searching For Answers!

At the end of the day, the only big question at Wirecard was where around €1.9 billion remained. The Wirecard collapse in 2020 triggered one of the biggest financial scandals in Germany. While founder and CEO Markus Braun is still in pre-trial custody, his Chief Operating Officer Jan Marsalek is on the run. The real question at Wirecard, however, is how the organization was structured at the time and whether the money was really ever at Wirecard. FinTelegram tries to connect some dots!

March 14, 2022

No surprise! German prosecutors charge former Wirecard Markus Braun and other managers

It was expected. Investigations have been ongoing for almost two years. The Munich public prosecutor's office has filed charges against former Wirecard CEO Markus Braun. On 480 pages, the investigators accuse him of professional gang fraud, embezzlement of group assets, falsification of the balance sheet, and manipulation of the Wirecard share price. Oliver Bellenhaus, Wirecard's former governor in Dubai, and Stephan von Erffa, the former chief accountant and deputy CFO, have also been charged.

December 28, 2021

Breaking News- Austrian regulator closes crypto exchange in Wirecard environment

The Austrian crypto trading platform XTrader24 a/k/a CoinFinder was founded by a former police officer and a soldier. They established a private investigation company in Vienna and worked for Wirecard. or private detectives, received a license from the Austrian Financial Market Authority FMA in June 2020. Due to numerous, serious violations of the Austrian Money Laundering Act, the FMA revoked the license on 16 Dec 2021. The police officers behind XTrader24 are said to have spied on critics for Wirecard.

June 8, 2021

Bravo! Bank of Lithuania revokes license of Finolita Unio

As reported by FinTelegram, The Financial Times reported that German prosecutors suspect that more than €100M was stolen from Wirecard via the licensed Lithuanian e-Money Institution (EMI) Finolita Unio. Via this fintech, at least €35M was said to have flowed to fugitive ex-Wirecard executive Jan Marsalek and another €65M to the now insolvent company oCap in Singapore. Today, the Bank of Lithuania announced that the license of Finolita Unio had been revoked for violations of money laundering rules.

May 17, 2021

Wirecard, Finolita Unio, and the Lithuanian Connection

In our researches on scam-facilitating payment processors, Finolita Unio UAB, regulated by the Bank of Lithuania with authorization code LB000490, came to our attention only once as a payment facilitator in the GlobalSpotFX scam with the Estonian Woodstock OÜ (report here). The Financial Times reports that Finolita Unio is part of Senjo Group, a former Wirecard partner through which hundreds of millions have flowed and vanished. More than €100M have been processed through its Lithuanian subsidiary.

July 23, 2020

Wirecard was run by a criminal organization – what about Payvision and ING?

Surprise, Surprise! The Wirecard madhouse was run by a criminal organization, says the German public prosecutor on July 23, 2020. he public prosecutor's office has allegedly been able to confirm and support these statements with facts. Consequently, the former managers Markus Braun, Burkhard Ley, and the former head of accounting were arrested. The former COO, the Austrian Jan Marsalek remains on the run. But Wirecard is not the only payment processor with close connection to cybercrime and money-laundering.