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Tag: PayVision

Landmark French Ruling Holds Payment Processors Liable for Broker Scams: A Blueprint for EU Victims?

Binary Options Charlene Lensburg -
The French Supreme Court (Cour de Cassation) has just recently firmly established the liability of payment processors like WorldPay and Seroph Holding (AlgoCharge) for facilitating unauthorized binary options schemes. As restitution payouts loom, this critical ruling sets a formidable due diligence standard that could ripple across the EU, offering renewed hope for victims pursuing institutional giants like ING's Payvision.

Payvision Chats: The Smoking Gun Behind Europe’s Dirtiest Payment Scandal!

DNB tamir -
The newly published Payvision chats could become the most damaging documentary evidence yet in Europe’s long-running broker scam scandal. According to EFRI and the cited criminal case files, Payvision did not merely process transactions for Lenhoff and Barak-linked fraud networks — it allegedly helped them solve payment problems, reroute settlements, and survive banking disruption, all while generating lucrative fee income.

Silencing the Truth: How Payvision’s CEO Orchestrated a “Reputation” Hit Squad to Protect Multi-Million Dollar Cybercrime Scams

Reputation Management tamir -
In a chilling convergence of "White Front" FinTech and Eastern European boiler rooms, newly unearthed criminal records reveal how Payvision CEO Rudolf Booker allegedly hand-picked a reputation expert to "de-google" whistleblowers. cybercrime masterminds Uwe Lenhoff and Gal Barak paid to bury the truth.

The Payvision Files: Exclusive Revelations on the CEO’s Complicity in Lenhoff and Barak’s Cybercrime Empire

Austria tamir -
It is one of the largest European cybercrime cases, with dozens of indictments and victim lawsuits. In its center - the Dutch payment facilitator Payvision. Fresh excerpts from criminal files obtained by FinTelegram put Payvision’s then-CEO Rudolf Booker uncomfortably close to the Lenhoff–Barak scam machine. These are not the fingerprints of a “neutral payment processor,” but the voice of an anxious, hands-on gatekeeper and facilitator.

The StablR Paradox: When Strategic Investments Fail to Drive Growth – A Framework for Analyzing Small Stablecoin Issuer Viability

Investor Briefing Charlene Lensburg -
Despite announcing strategic investments from industry giants Tether and Kraken, StablR's stablecoin issuance has not only failed to grow but has actually declined during Q3 2025 - the same quarter Kraken announced its investment. This counterintuitive outcome reveals critical structural challenges facing small stablecoin issuers and provides a template for analyzing similar operations across the sector.

StablR’s Business Model: An Analysis of Small Stablecoin Issuer Economics and Systemic Risks

Investor Briefing Charlene Lensburg -
StablR Ltd, a Malta-regulated Electronic Money Institution (EMI), operates within a highly challenging business environment for small stablecoin issuers. With stablecoin issuance stagnating at approximately €11 million for both EUR and USD tokens, the company faces fundamental structural challenges that raise serious questions about its long-term viability and the broader sustainability of small-scale stablecoin operations.

Two Systems of Justice? Tornado Cash Devs Face Prison While Dutch Payvision Directors Walk Free

Court Cases tamir -
Roman Storm was found guilty only of running an unlicensed money-service business (MSB) avoiding the far heavier money-laundering and sanctions charges. Meanwhile, in the Netherlands, fellow Tornado Cash coder Alexey Pertsev is already serving 64 months for money-laundering. Yet the Dutch executives of high-risk processor Payvision knowingly washed hundreds of millions for cyber-crime kingpins—escaped with nothing more than modest administrative fines.

EFRI Goes After StablR’s Malta Licence — Will Kraken’s New Stake Survive the AML Storm?

Crypto Compliance Charlene Lensburg -
In an official letter, the investor protection European Funds Recovery Initiative (EFRI) has urged the Malta Financial Services Authority (MFSA) to re‑examine Electronic‑Money licence of the stablecoin issuer StablR, citing undisclosed Payvision‑linked AML baggage. The call lands just days after crypto exchange Kraken proudly took a “strategic investment” in the very same issuer.

StablR’s Dutch Holding Web: Who Really Controls the MFSA-Regulated Stable-Coin Issuer?

Stablecoins tamir -
StablR Ltd (Malta, C 104007) positions itself as a MiCA-ready euro-stablecoin issuer. Official filings show a simple Dutch holding chain, but deeper registry work and legacy links to Payvision’s cyber-crime scandal raise doubts about the project’s true beneficial owners (UBOs). While no hard evidence yet ties Payvision founder Rudolf Booker (or other ex-shareholders) directly to StablR, multiple red flags—including addresses previously used by Booker-controlled entities and a board dominated by former Payvision managers—demand regulatory scrutiny.

Honest Fund Recovery Meets Legal Malpractice? – Dutch Bar Opens File on EFRI v BarentsKrans!

EFRI Charlene Lensburg -
The European Fund Recovery Initiative (EFRI) has filed a disciplinary complaint with the Haagse Orde van Advocaten against top-tier Dutch firm BarentsKrans and partner William Schonewille. The Bar has acknowledged receipt and assigned the matter to its supervisory board (file number undisclosed). EFRI alleges conflict-of-interest concealment, abrupt withdrawal on the eve of a deadline, and retention of unearned fees in a mass-fraud appeal against ING subsidiary Payvision. More than 600 retail victims are left without counsel.

MFSA Under Scrutiniy: MiCA in Malta – Genuine Gateway or Regulator-Sponsored Backdoor?

Crypto Compliance tamir -
The EU’s Markets in Crypto-Assets Regulation (MiCA) was sold to legislators as the end of Europe’s regulatory patch-work. In theory, every crypto-asset service provider (CASP) will live under the same anti-money-laundering (AML), governance and disclosure standards from 30 December 2024. In practice, the first six months of “early bird” licensing suggest that member states are already competing to become the Cayman Islands of MiCA.

🚨 Critical Report: StablR’s Regulatory Risk and Opaque Legacy – What Malta’s MFSA Must Investigate

Crypto Compliance tamir -
StablR, the Malta-based and MFSA-regulated issuer of EURR and USDR stablecoins, promotes itself as a compliant, euro-denominated digital currency provider under the EU’s new MiCA regime. However, what is missing in its clean-cut public image is the checkered past of its founder and CEO, Gijs op de Weegh, who served as COO of Payvision, a Dutch payment processor infamous for facilitating cybercrime.

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]

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