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April 11, 2024

Veltyco and the Lawsuit of Dirk-Jan Bakker: The Welcome Resurrection of a Cold Case!

Veltyco was a cold cybercrime case. Suspected German cybercrime mastermind Uwe Lenhoff was arrested at his vacation resort in the Austrian Tyrol at the beginning of 2019 after extensive investigations by Austrian and German authorities. He Lenhoff was found dead in his cell in Germany in the summer of 2020. Cause of death unknown. His partner in the Veltyco Group was the Amsterdam real estate investor Dirk-Jan Bakker. He is now suing FinTelegram; thus, the Veltyco Case has to be re-opened.

February 29, 2024

Cybercrime Legacy Report: The Veltyco Group Cybercrime Network!

The arrest of Uwe Lenhoff five years ago marked a pivotal moment in the global legal battle against cybercrime, initiating a series of subsequent arrests and legal proceedings against individuals involved in cybercriminal activities. Lenhoff, along with Dutch investor Dirk-Jan Bakker, was identified as the beneficial owner of Veltyco Group PLC, an entity that served as a publicly traded facade for a vast cybercrime organization established by Lenhoff and his accomplices.

April 24, 2022

Veltyco Scheme: Overcoming the cybercrime legacy!

In June 2022, the trials against some ringleaders of the cybercrime organization of Uwe Lenhoff, who died in prison, will start in Germany. The "old" B90 Holdings plc was founded by Lenhoff and played an essential role in his scams. Since Lenhoff's death in July 2020, some things have changed at B90 Holdings, while others have remained the same. CFO Marcel Noordeloos is still in place, and the Lenhoff partner Dirk-Jan Bakker is still one of the principal shareholders. In April 2021, Ronny Breivik was appointed as CEO; he is also one of the largest economic owners.

April 23, 2022

Breaking News! The trial against Veltyco Scheme with Option888 starts in Germany!

In early 2019, the German Uwe Lenhoff was arrested in his Ferrari at his vacation spot in Austria. Law enforcement had gathered enough evidence to arrest Lenhoff for being the mastermind and principal of a vast cybercrime organization. One of his lieutenants was Betim Tasholli, a Kosovan national. Lenhoff was found dead in his prison cell in the summer of 2020. Cause of death unknown. Thus, Betim Tasholli moved up to the main surviving perpetrator. The trial against him will begin on June 22, 2022, in Germany. Lenhoff was one of the partners of Gal Barak.

January 17, 2022

Exposed! FCA-regulated MoneyNetInt involved in big-style money-laundering!

The trial against the ringleaders of the cybercrime organization E&G Bulgaria is currently underway in Munich, Germany. Gal Barak was already sentenced to four years in jail in Vienna in Sept 2020. Almost unnoticed, the preparation of charges against several ringleaders of the cybercrime organization around the late Uwe Lenhoff and the Veltyco Group is currently underway in Saarbrücken. Criminal records show that MoneyNetInt was massively involved in Lenhoff's money laundering.

August 21, 2021

Background Report – International cybercrime, Bet90, and the dirty Maltese connections!

It was perhaps the largest cybercrime organization in Europe, but certainly, it was in Germany. The public prosecutor's office announced that the cybercrime case surrounding the German Uwe Lenhoff, who died in prison, had produced more than 200,000 victims in Germany alone. Lenhoff and Dutch real estate investor Dirk-Jan Bakker established Veltyco Group PLC, which is listed on the London Stock Exchange. After Lenhoff's death, the company was renamed B90 Holdings PLC and operates the Bet90 sportsbook platform , licensed by the MGA. Bet90 has been funded with money stolen from the victims in this very same cybercrime case.

August 17, 2021

Israeli-German-Dutch scam network allegedly produced more than 200,000 victims in Germany

In September 2021, the Israeli cybercrime kingpin Gal Barak was sentenced to four years in prison for investment fraud and money laundering in Austria. German prosecutors, led by Nino Goldberg, also want to charge Gal Barak, see him convicted and sentenced to prison. Barak appealed against the indictment; the case is currently before the European Court of Justice. Barak's former boiler room manager Tal-Jacki Fitelzon has already been indicted. Barak's former partner in crime, Uwe Lenhoff, died in prison last year, but his co-conspirators will be indicted. Barak and Lenhoff allegedly produced more than 200,000 victims in Germany!

July 2, 2021

Notorious scam-facilitator Deutsche Handelsbank about to close down payment business

The notoriously well-known Deutsche Handelsbank has been in the FinTelegram focus over the last three years. Like ING's Dutch subsidiary Payvision and, until its collapse, Wirecard, the bank was a prime address for scammers and cybercrime organizations. Uwe Lenhoff, who died in prison in 2020, was one of the clients of Deutsche Handelsbank and used the bank to launder the illicit proceeds of his huge lotto scam LottoPalace. Now the German financial institution seems to be about to its dirty payment division.

April 26, 2021

Daily Affiliate Warning – Fake News article promotes Lottery Heroes scheme!

Another email from Jason Voghel and the email address [email protected]. Oh yes, from Jason Voghel, we get a lot of emails from various email addresses. Today we are promised "Big Money" if we activate our account. The link in the email takes us to a fake EUROMONEY article on the Russian site https://lhfrist.ru. The article hails getting rich via the Lottery Heroes scheme. One is also led to thelottery betting site Lottery Heroes (www.lotteryheroes.com) if one wants to sign up for the new riches.

April 16, 2021

Bet90 Holdings – Surviving its vast cybercrime legacy?

In 2016, Uwe Lenhoff, the alleged German head of a global cybercrime organization, celebrated the IPO of Veltyco Group PLC in London together with his partner, Amsterdam real estate investor Dirk-Jan Bakker. Veltyco was to become the cybercrime organization's white flagship and be used for money laundering. In January 2019, Lenhoff was arrested. In July 2020, he was found dead in his prison cell in Germany. Cause of death unknown. Consequently, Veltyco was renamed Bet90 Holdings and has now repositioned itself.

December 22, 2020

Bet90 Holdings – The Zombie company that survived its founder Lenhoff

On December 9, 2020, Bet90 Holdings PLC announced that it had received another €700,000 via a convertible loan. Since the arrest of founder Uwe Lenhoff in January 2019 on charges of operating a cybercrime organization with many online scams and his subsequent death in prison in early July 2020, it is completely unclear how the story will end. Authorities in several countries are still investigating the matter for investment fraud and money laundering and could give the story a few more twists.

December 19, 2020

Kosovo call centers attack Germany with lottery and broker scams

Until the spring of 2019, the LottoPalace scam website attacking German-speaking victims. A few weeks after the German scam mastermind Uwe Lenhoff was arrested, the..

Compliance Report: Sergey Mendeleev, Garantex, and Exved – The Rising Role of Crypto in Russia’s Sanctions Evasion Strategy

Sergey Mendeleev, a prominent figure in Russia's cryptocurrency scene, has played a central role in the establishment and operation of two key platforms—Garantex and Exved. These platforms have been instrumental in facilitating cross-border payments and crypto transactions, potentially serving as important tools for Russia’s sanctions evasion strategy. Mendeleev's growing influence in this space, coupled with Russia's evolving regulatory framework, positions him as a key player in Russia.

Russia’s New Crypto Strategy for Sanctions Evasion

Russia’s new crypto laws, allowing mining and international payments in digital currencies, are part of a broader strategy to evade Western sanctions and reduce dependence on the U.S. dollar. This move, led by the Central Bank of Russia (CBR), opens up new compliance risks for global financial institutions dealing with Russian entities. The new laws are set to take effect in September for cross-border payments and in November for crypto mining.

Secretive Cyprus Funds Used to Obscure Megayachts and Real Estate Linked to Sanctioned Russian Banker

A recent OCCRP investigation revealed that Cyprus-registered RAIFs were used to hide megayachts and real estate linked to sanctioned Russian banker Andrei Kostin. These secretive funds, managed by Inveqo, allowed clients to avoid disclosing their ownership, raising concerns about the effectiveness of sanctions and regulatory enforcement. The case highlights the challenges of ensuring transparency and preventing financial crime in the global investment landscape.

First-Ever Crypto Seizure in Scotland Under New UK Law

Crypto has undoubtedly become mainstream, particularly in the cybercrime sphere. In a first for Scottish law enforcement, £110,000 in cryptocurrency has been confiscated from John Ross Rennie following a violent robbery. Under new UK rules, police can now seize crypto assets without needing to make an arrest, highlighting a growing focus on tackling digital crime as incidents involving cryptocurrency continue to rise.

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.