Tag: Mirko Huellemann

German investigators have dismantled an international network of online credit card fraud and money laundering as part of the large-scale operation “Chargeback.” Among those arrested, according to German media reports, is Unzer founder Mirko Hüllemann, who is under investigation for suspected fraud and money laundering.

The German regulator BaFin conducted a special audit at payment service provider Unzer. According to insiders, the regulator will soon impose a substantial fine on the payment processor. According to a report in the German Manager Magazine, Bafin could even impose a ban on new business, as it had already done with N26. In addition to money laundering deficiencies, Unzer had business dealings with German businessman Ruben Weigand, who was convicted of running a bank fraud scheme in the U.S.