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January 12, 2023

Merchant Alert: High-Risk Payment Processor Paypound

Edward Tabus is the CEO of Mad Money Casino, which operates through MMC Global B.V. with a license from Curacao. The payment agent is MMC Global Holdings Limited in Cyprus. And with the payments, the Mad Money Casino has a problem. In particular with payments that should come from its payment processor Paypound. On LinkedIn, Edward Tabus has described in detail how Paypound withholds payments. FinTelegram has already warned about Paypound a few times.

February 16, 2022

Merchant warning! Be aware of the risks with scam-facilitator Paypound!

Sometime in the first half of 2021, the unregulated high-risk payment processor Paypound appeared on our radar. After the infamous iPayTotal collapsed and disappeared. There are rumors that former iPayTotal people made Paypound. Paypound is shabby. The first operator was dissolved via compulsory strike-off; the payment processor massively facilitates broker scams. We recommend merchants to be super-cautious with Paypound.

Wirecard’s Jan Marsalek Confirmed as Russian Spy Mastermind in UK Espionage Conviction

A London court has delivered a seismic verdict in the ongoing saga of Wirecard, the collapsed German fintech giant: six Bulgarian nationals have been convicted and sentenced for spying on behalf of Russian intelligence, acting under the direct orders of Wirecard’s fugitive former COO, Jan Marsalek. This marks the first time a court has definitively established that Wirecard, under Marsalek’s leadership.

Odebrecht Scandal: Former BankerPeter Weinzierl Extradited to U.S., Held Without Bail in Brooklyn Jail

Former Meinl Bank CEO Peter Weinzierl has been extradited from the United Kingdom to the United States and is currently in custody at the Metropolitan Detention Center (MDC) in Brooklyn. The 59-year-old Austrian banker faces charges related to his alleged involvement in laundering over $170 million in bribes connected to the Odebrecht corruption scandal.

KBH Andelskasse Conviction Exposes Deep-Rooted Fintech-Driven Money Laundering Network

The recent conviction of former KBH Andelskasse CEO Bo Stengaard marks a pivotal yet incomplete chapter in one of Denmark’s most alarming money laundering scandals. While Danish media focuses on Stengaard’s four-month suspended sentence, a broader compliance investigation reveals a sophisticated network involving payment firms Clearhaus and FCA-regulated Moorwand.

Speculative Buy (With Guts)

The Invisible Backbone of Web3: Is Aleph.im the Missing Link Between DeFi and AI?

Aleph.im is one of the most underrated infrastructure plays in Web3 — offering decentralized compute, storage, and indexing services that could power the next wave of AI x DeFi applications. Unlike most layer-1 vanity projects, Aleph.im solves real problems for real dApps: it lets decentralized applications operate without relying on centralized backends like AWS.

Startup on Trial

Startup on Trial: Elizabeth Holmes and Theranos – Visionary or Fraudster? The Final Appeal Denied

Elizabeth Holmes, once celebrated as the world’s youngest self-made female billionaire, is now serving an 11-year prison sentence for defrauding investors in her blood-testing startup, Theranos. In May 2025, the 9th U.S. Circuit Court of Appeals dealt her what may be the final legal blow, denying her bid to have her 2022 conviction reheard.