Tag: Pini Peter

PlayW3.com—commercial brand of Playnance—markets on-chain “prediction games” and social betting as entertainment while deploying a Layer-3 stack (PlayBlock), non-custodial smart contracts, and a utility token (G Coin). The operating design, affiliate revenue-share, and stablecoin payouts resemble regulated gambling/financial activity in substance. Corporate records show Playnance OÜ as the operating entity. Here is the FinTelegram Compliance & Risk Assessement.

FinTelegram has been closely tracking the activities and networks surrounding both SoftSwiss and SpotOption for years, with a particular focus on the key individuals driving these ventures. Our latest investigation raises a hypothesis that requires urgent confirmation or refutation from informed insiders.

Is Playnance the new frontier for financial “games” in the age of blockchain, led by the controversial founder of SpotOption? The legendary SpotOption, under the stewardship of the Israeli Pini Peter, was the undisputed titan of the binary options industry—a sector now globally condemned as fraudulent and responsible for bilking hundreds of thousands of retail investors out of billions of dollars.

PandaTS is currently facing some hassles with law enforcement agencies from several jurisdictions. Among them, the Israeli ones. Agents from the Israeli police and their counterparts from other jurisdictions reportedly raided PandaTS' offices in Israel almost two weeks ago. And seized a lot of data. It is well known that the PandaTS platform is used by many scammers, such as the already convicted cybercrime principal Gal Barak. He has also accused PandaTS of manipulating trades for white-label platform clients. In his trial, Barak moved the Austrian court to order a search of his home in Israel and Cyprus.

Israeli Gal Barak was sentenced in September 2020 to four years in prison and millions in restitution payments for investment fraud and money laundering in the Vienna Cybercrime Trials. Barak also faces charges in Germany. He was the head of the cybercrime organization E&G Bulgaria, which operated broker scams such as XtraderFX, SafeMarkets, Golden Markets, or OptionStarsGlobal. Payvision was its main payment facilitator, and PandaTS, the white label provider, which Barak charges with similar arguments as the U.S. SEC does in its SpotOption fraud complaint.

Broker scams are like icebergs. You can see only the tip sticking out of the water, i.e., domain, website, offshore entities, and nominees a/k/a monkeys. Underwater or in the darkness of the Internet, the real perpetrators and facilitators are hiding. These scam-facilitators are white label providers, the boiler room operators, marketing and affiliate systems, and the payment processors. In the case of the Yukom scam, these were the boiler rooms in Israel and Mauritius, mostly Israeli payment processors, and the white-label operator SpotOption, which provided the software and trading infrastructure.

The Israeli broker white-label operator SpotOption is related to the Yukom Case. Today, the U.S. Securities and Exchange Commission (SEC) charged Spot Tech House Ltd (d/b/a SpotOption) and two of its former top executives, Malhaz Pinhas Patarkazishvili (a/k/a Pini Peter) and Ran Amiran, with deceiving U.S. investors out of more than $100 million through fraudulent and unregistered online sales of risky securities known as binary options.

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.

The always well-informed FinanceFeeds today reported on the latest development in the Yukom Case. Accordingly, the U.S. government sees...

The illegal and fraudulent broker schemes have already defrauded dozens of thousands of victims in North America, Europe, and...

FinTelegram has been taking action against the illegal broker schemes since early 2018 already. The US FBI estimates that...