Payobin | FinTelegram News

Tag: Payobin

June 30, 2024

Unbelievable! Lithuanian License of Israeli-Controlled Binary Options Scam Facilitator ABC Projektai Reinstated!

In a shocking turn of events, the Supreme Administrative Court of Lithuania (SACL) ruled that ABC Projektai, formerly Bruc Bond and Moneta International, can regain its e-money license. This decision raises serious questions, given the firm's notorious involvement as a payment processor for the fraudulent binary options industry. Bruc Bond, established by the Israelis Eyal Nachum and Tamir Zoltovsky, was infamous for facilitating vast binary options fraud schemes.

September 13, 2020

Bruc Bond and the crumbling Israeli FinTech empire

The two Israeli FinTech entrepreneurs Eyal Nachum and Tamir Zolovsky are not having a good time right now. Amidst the COVID-19 pandemic, their two licensed EU e-Money Institutions Bruc Bond and International Fintech saw their licenses terminated. In the case of Bruc Bond because of systematic compliance violations and problems with money laundering. Nachum, Zoltovsky. and their various payment processors have a long track record in the scam area.

September 7, 2020

Breaking News – Notorious International Fintech no longer has a Lithuanian EMI license

The International FinTech UAB of the Israelis Eyal Nachum and Tamir Zoltovsky has no more license in Lithuania. Thus, within a few months, the two Israeli payment pundits have lost both regulated companies in Lithuania. Already in April 2020, the Bank of Lithuania withdrew the license of Bruc Bond (formerly Moneta International) due to systematic violations of the compliance guidelines and problems with money laundering. At present, it is not clear why International Fintech has also lost its license.

February 20, 2020

First FinTech Facilitators Report – read more on Brüc+Bond et al and their involvement in broker scams

The CyberProfilers have published their first report on the FinTech Facilitators. The report focuses on the now court-approved responsibility of payment processors for facilitating obvious..

October 9, 2019

Payobin and Bruc Bond – the flight from their binary options past and defrauded retail investors

The Israeli Eyal Nachum has a long history as a payment service provider (PSP) in the binary options industry. Through his Payobin or Payotech Ltd..

September 3, 2019

Investment scams – European authorities investigate payment services provider MoneyNetInt

FinTelegram has received information that the authorities in Poland and other EU member states are investigating the payment service provider (PSP) MoneyNetInt Ltd. Whistleblowers and..

September 1, 2019

Binary Options Scheme Tradorax Part II – The money flow, Payobin, Moneta International and other connected schemes

A few days ago FinTelegram published the report about the binary options scheme Tradorax and explained the background. Although this scheme was officially run by..

August 27, 2019

Binary Options Scam ICoption, the million-dollar lawsuit in Qatar and other court cases

Update Aug 28, 2019: Fintelegram is informed that the client of ICoption took legal action against the evidently innocent PSP in two different jurisdictions, possibly..

August 19, 2019

Request for Information – Hermes Solutions, ProActive Trader, ICoption, TitanTrade, and other scams

FinTelegram received information connected to binary options scams around David Cartu. These include court documents provided by retail investors who have already filed criminal complaints in various jurisdictions.

August 15, 2019

Yukom Case – U.S. CFTC filed binary options lawsuit against Yossi Herzog, his companies and partners

After Lee Elbaz was sentenced by a U.S. jury for fraud with binary options around Yukom and the schemes BinaryBook, BigOption, and BinaryOnline the U.S...

August 13, 2019

The Eyal Nachum Declaration on Binary Options Scams!

Between 2014 and 2018 they were the new kings of the financial world. The Israeli Binary Options Masterminds like David Cartu, Uri Katz, Gal Barak,..

August 9, 2019

Announcement – FinTelegram 2.0, CyberSecurity Profilers, and how to intensify the fight against cyberscams

Having 18 months of intensive work behind FinTelegram uses the summer heat to further its fight for a safe online investment market. Hence, in another..

Solaris Bleeds Cash and Jobs: Can This High-Risk Fintech Survive, Let Alone IPO?

Solaris, a German fintech and neobank, has a long history of compliance troubles. Moreover, its ongoing financial losses and regulatory woes doubt its long-term profitability, even as it sheds jobs and restructures for survival. A potential IPO, as rumored by the German platform Gründerszene, seems speculative at best in light of its deep-rooted issues with compliance and financial stability.

Breaking: The Binance-Like $3.1 Billion Money Laundering Settlement of TD Bank!

TD Bank, one of North America's largest financial institutions, has been hit with a historic $3.1 billion settlement over money laundering violations. This case represents one of the most significant AML enforcement actions in U.S. history, both in terms of the financial penalties imposed and the severity of the admitted misconduct. Only Binance, with its $4.1 billion settlement, was even larger.

Gotbit and Russian Executives Charged by U.S. DOJ and SEC for Crypto Market Manipulation!

Gotbit Consulting LLC, along with its Russian executives, has been charged by the U.S. DOJ and SEC for its role in a widespread market manipulation scheme. By using wash trades, Gotbit inflated crypto asset prices and volumes, deceiving investors and raising millions in illicit profits. The company’s fraudulent activities were executed across multiple jurisdictions, with key figures now facing extradition and prosecution.

SEC Charges Market Manipulators in Crackdown on Crypto Asset Fraud

The U.S. SEC has charged three market makers and nine individuals for manipulating the crypto asset market, generating artificial trading volumes and misleading retail investors. The fraudulent schemes created the illusion of active markets, prompting unsuspecting investors to pour money into manipulated crypto assets. The DOJ filed criminal charges against the scheme operators in a parallel transaction.

U.S. DOJ Charges 18 Individuals and Entities in Global Crypto Fraud Crackdown!

The U.S. DOJ has charged 18 individuals and entities in an international operation targeting market manipulation and fraud in the crypto industry. The defendants, including market makers and token promoters, are accused of using wash trading and false trading activity to deceive retail investors and artificially inflate crypto prices. This is the first major criminal case of its kind in the crypto market.