11.8 C
New York
Monday, March 23, 2026
spot_img

Tag: Option888

The Cybercrime Legacy: A Mastermind Dead, A Lieutenant Convicted – But Where Are the Facilitators?

Court Cases tamir -
In April 2025, Mohamad Shaker — the head of the largest boiler room in German cybercriminal Uwe Lenhoff’s vast cybercrime empire — was sentenced to 8 years in prison by a German court. Shaker's conviction marks another milestone in dismantling one of Europe’s largest cybercrime organizations. Yet, while some lieutenants have faced justice, the key facilitators — including executives of Payvision and the Amsterdam-based money laundering network — remain untouched.

Cybercrime Legacy: The Status of Legal Actions Against B2G GmbH and Its Principals!

Illegal Payment Services tamir -
The case around the fraudulent binary options industry and its facilitating payment processors is still not closed. The illegal German payment processor B2G GmbH, operated by Rainer Treuer and Oleg Shvartsman, has been implicated in facilitating large-scale financial fraud. This report outlines the known details of their activities, the legal actions taken, and the unanswered questions surrounding their lack of prosecution.

Questioning the Transparency in the Biography of StablR Founder Gijs op de Weegh!

Compliance tamir -
In the rapidly evolving landscape of cryptocurrency regulation, the European Union's Markets in Crypto-Assets Regulation (MiCAR) emphasizes the need for maximum transparency, particularly for stablecoin issuers. The former Payvision founder and COO, Gijs op de Weegh, founder and CEO of the new stablecoin issuer StablR, recently presented a piece of partially accurate biographical information that can mislead potential investors.

Vladislav ‘Vlad’ Kogan: The Elusive Money Launderer Facing Law Enforcement Heat in Australia and Europe!

FinTelegram tamir -
In the tangled web of global cybercrime, Vladislav "Vlad" Kogan, a Russian-born Australian, is a key player in a multimillion-dollar laundering saga. According to criminal files from the Gal Barak and Uwe Lenhoff cybercrime case, Kogan facilitated the laundering of hundreds of millions through his Czech-based company, Xtrabit s.r.o., for numerous scams. While European courts and defrauded victims demand restitution, Kogan faces legal battles in Australia, with assets frozen since 2019.

Business Insider reports on the EFRI lawsuits filed by scam victims against ING and Payvision!

Court Cases Charlene Lensburg -
FinTelegram has reported a number of stories since 2018 about Dutch FinTech Payvision's involvement as a payment processor in broker scams. Payvision was acquired by major Dutch bank ING in 2018 and continued its illicit activities. The European Fund Recovery Initiative (EFRI) has coordinated victim lawsuits against supporting payment processors like Payvision for years. Business Insider has now also reported on these lawsuits.

Request 4 Information: EFRI Is Looking For Scam Victims Facilitated By Payvision

EFRI Charlene Lensburg -
Card payments are the most important and popular online payment systems. Only by checking the billing descriptors (set by the acquirer) can you identify the processing acquirer. EFRI identified the following billing descriptor used by Payvsion when processing the card transactions for Gal Barak and Uwe Lenhoff. EFRI is looking for scam victims that lost money via Payvision. Here are the identifying billing descriptors.

Interesting! The Vanished Binary Options Scam Facilitator Novox Capital And Its Legacy!

Binary Options Ben -
More trials against binary options scam operators or their facilitators coming up in the first half of 2023. The former beneficial owners of the (then) CySEC-regulated Novox Capital Ltd are also in the spotlight: the Israelis Shay Hillel, Yehoram Hillel, and their partner and frontman Israel Bash. They are currently not charged however the prosecution alleges that their Novox Capital had been massively involved in running and facilitating vast binary options scams. Gal Barak and his cybercrime organization E&G Bulgaria were a close partner and client of Novox Capital.

Breaking: Veltyco Cybercrime Scheme Manager Sentenced To 12-Year Prison Term!

Binary Options Charlene Lensburg -
The first trial in the so-called Veltyo Cybercrime Scheme was held in Saarbruecken, Germany. The defendants were two Kosovans, Betim Tasholli, Azem Spahiu, and the Syrian Mohamad Shaker. Tasholli was the boiler room manager in Pristina, Shaker was responsible for the boiler room in Prague, and Spahiu was responsible for coordinating affiliate marketing around the scam brands Option888, ZoomTrader, TradoVest, or XMarkets. The Court sentenced Azem Spahiu to a 12-year prison term. Tasholli and Shaker are allegedly on the run.

Interesting! Notorious Belgrade Law Firm Vujosevic & Partners Temporarily Closed!

Binary Options Ben -
Montenegrin-born lawyer Marko Vujosevic had a thriving law practice in Belgrade until 2020. His law firm participated in the fraudulent binary options industry and procured dozens if not hundreds of work permits for Israeli citizens. With the cybercrime masterminds, Uwe Lenhoff and Gal Barak co-founded the illegal payment processor Global Payments Solutions DOO (GPS) in Podgorica that laundered millions for binary options like Option888 or TradoVest. After a lost defamation claim, Vujosevic's law firm seems to have vanished. Google says it is temporarily closed.

Cybercrime Trial – Option888 Boiler Room Agent Sentenced to 18 Month Prison Time!

Binary Options tamir -
A 33-year-old Kosovar was sentenced to an 18-month prison term in a trial in Austria after a seven-month pre-trial...

The Next Indictment In the E&G Bulgaria Cybercrime Case With Payvision!

Boiler Rooms Ben -
The E&G Bulgaria Cybercrime Scheme is dealt with by German prosecutor Nino Goldbeck in Bamberg. The German prosecutor informed that the boiler room agent Sasa Siler has also been charged for allegedly defrauding German-speaking victims with OptionStarsGlobal, XTraderFX, or Trade Capital. The mastermind behind E&G Bulgaria was the Israeli Gal Barak with his wife Marina Barak and their partners Gery Shalon and Vladislav Smirnov.

German Veltyco trials – Israeli affiliate marketing experts chased victims!

ticker tamir -
The first trial in the so-called Veltyo Cybercrime Scheme is currently taking place in Saarbruecken, Germany. The defendants are two Kosovans, Betim Tasholli and Azem Spahiu, and the Syrian Mohamad Shaker. Tasholli was the boiler room manager in Pristina, Shaker was responsible for the boiler room in Prague and Spahiu was responsible for the coordination of affiliate marketing around the scam brands Option888, ZoomTrader, TradoVest, or XMarkets. Affiliate marketing was carried out by Miriam Wewermann and Benjamin Wewermann.

FinTelegram is a cyberfinance intelligence and compliance platform investigating financial crime, regulatory violations, and the rails, entities, and ecosystems that facilitate them. Combining investigative journalism, whistleblower intelligence, and forensic compliance analysis, we map risk across payments, banking, crypto, and offshore structures to support transparency, accountability, and informed action.

Contact us: [email protected]

Disclaimer: FinTelegram is an independent intelligence and compliance platform and does not provide investment, legal, or financial advice. Content published on this website, including references and links to third-party sources, is provided for informational, contextual, and educational purposes only and does not constitute a recommendation, endorsement, or solicitation. Readers must make their own independent assessment and obtain professional advice where appropriate. Past events and referenced materials are not a track record and should not be relied upon as an indicator of future results.

© Copyright - FinTelegram News powered by Cyber Intelligence Services LLC