The Dutch Payvision and the Israeli-Lithuanian Bruc Bond (formerly Moneta International) have in common that they were intensively involved in the fraudulent binary options as payment processors. Let us make no mistake here and therefore make clear that neither of them were scammers or fraudsters themselves. But both have provided services to operators of fraudulent binary options and broker scams and thus facilitated those schemes for their own financial benefit. There have been consequences for both companies in recent days which may or may not be related to their binary options legacy.
Posts tagged as “PayOtech”
Scams typically operate in networks. The most important elements of these networks include payment processors and FinTechs. Nothing works without them. Moreover, payment processors know…
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…
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…
From FinTelegram’s point of view, the scam network around TitanTrade and Guy Galboiz is even worse than the binary options scheme of Yukom Enterprise with…
The mills of justice grind slowly but they grind. This is a well-known saying, which also applies to the legal processing of broker scams from…
The Israeli Payotech Ltd, which operated the payment platform Payobin, always claims that it was not involved in the business with illegal binary options brokers.…
We have received further information since the publication of our initial report on the background of the 23Traders Binary Options scam. The involved Israeli tax…
The Israeli Oded Jeremitsky is a veteran of the dark grey scene of payment service providers. In recent years he has worked as a frontman…
The network around binary options and illegal broker schemes around the GreyMountain Management Ltd (GMM) of the Israelis David Cartu, Jonathan Cartu, and Uri Katz…