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Tag: Robert Courtneidge

July 30, 2020

Former Wirecard Head of Business Development now runs FCA-regulated Moorwand

The parallels between the German Wirecard and its UK Mini-Me Moorwand are remarkable. Both companies do and did their business primarily in high-risk segments such as porn, gambling, or online trading. They have accomplished quite a reputation for their laissez-faire KYM/AML/CTF approach. In March 2020, Wirecard's former Head of Business Development Luc Gueriane was appointed Chief Commercial Officer of Moorwand.

July 29, 2020

Notorious Moorwand provides agent license to Seedcamp payment startup Telleroo

There's Wirecard. The scandal surrounding the once highly celebrated German FinTech start-up is well known. The company turned into the gravedigger for the reputation of the German regulator BaFin. While Wirecard is for sure a class on its own but then there is also the FCA-regulated Moorwand. This UK e-Money Institution that has been involved in scams, cybercrime, and money laundering with various brands and partners for years. Strange though that the payment startup Telleroo operates with the Moorwand license.

March 9, 2020

Breaking News – Moorwand Director Robert Courtneidge resigns!

Normally, the resignation of a director is not “breaking news”. In the case of Robert Courtneidge, however, it is. Just a few weeks ago Courtneidge..

Regulation

March 7, 2020

Austrian Regulator FMA confirms ePayments Systems suspension for Austria

On 6 March 2020, the Austrian Financial Market Authority (FMA) confirmed the suspension of the activities of ePayments Systems Ltd as a licensed e-money institution..

March 4, 2020

UK Solicitor and FinTech Guru Robert Courtneidge accused of faciliting investment fraud

The UK citizen Robert Courtneidge is for sure a hard working guy. As reported by FinTelegram, he not only acts as director in various FinTechs and regulated e-money institutions such as Moorwand Ltd, but also bills himself as FinTech Guru and event speaker. Unfortunately, he also facilitates broker and investment scams with his legal opinions and advice. Courtneidge resigned as a director of FCA-regulated ePayments Systems Ltd in February 2020 in the course of the FCA investigations (read FinTelegram Report here). In Australia, Courtneidge is accused in a huge investment scam of 240 investors of knowingly and willfully issuing false confirmations. A new Court judgement was issued on March 3, 2020.

March 4, 2020

Another Fraud Case in Court – Fintech Guru Robert Courtneidge and Anabus Investment Scheme

Robert Courtneidge is a busy and dangerous UK solicitor. He is not only a director in various FinTechs and regulated e-money institutions such as Moorwand Ltd, but also bills himself as FinTech Guru and speaker. Moreover, he facilitates broker and investment scams with his opinions and advice. Courtneidge resigned as a director of FCA-regulated ePayments Systems Ltd in February 2020 in the course of the FCA investigations (read FinTelegram Report here). In Australia, Courtneidge is accused in a huge investment scam of 240 investors of knowingly and willfully issuing false confirmations. A new Court judgement was issued on March 3, 2020.

February 27, 2020

Good News – UK Regulator FCA finally acts against Robert Courtneidge and ePayments Systems!

On February 11, the FCA-licensed e-money institution ePayments System has been ordered by the FCA to suspend all activity for “an indefinite period.” The regulator found “a number of weaknesses” in its anti-money-laundering (AML) controls. ePayments Systems is one of the big e-money institutions in the UK with over a million private accounts and more than 1,000 business accounts. Allegedly, the company has issued more than 75,000 prepaid cards as a principal issuer of Mastercard. It booked profits of more than £18m on revenues of almost £28m in the year up to the end of April 2019, with a whopping 66% gross profit margin according to Alphaville. Its director Robert Courtneidge resigned on February 17, 2020.

November 22, 2019

Rise and Fall of a scam lawyer – Convicted OneCoin lawyer Mark S. Scott and the money laundering and bank fraud scheme

Mark S. Scott who was employed between June 2015 and September 2016 as an equity partner at the big US law firm Locke Lord LLP...

November 18, 2019

OneCoin Trial – The Shakespearean drama around a cryptoqueen, betrayal, fraud, money laundering, and greed

The investigations of the U.S. authorities around the indictment in the Bulgarian Crypto-Scam OneCoin develops into a Shakespeare drama around the cryptoqueen Ruja Ignatova, her..

November 13, 2019

Former OneCoin Lawyer now heading FCA-regulated Moorwand allegedly involved in money laundering

FinTelegram has often stressed that the large, global scams and investment fraud schemes would not be possible without the involvement of lawyers. It is these attorneys who issue the necessary certifications in accordance with the Anti Money Laundering (AML) and Know Your Customer (KYC) regulations. These confirmations grant scams and investment fraud schemes access to the international financial system. This opens the door to investors' money. These lawyers often work closely with Payment Services Providers (PSPs) to launder the money stolen by investors.

September 24, 2019

Moorwand Payment Scheme – Copenhagen Andelskasse charged with money laundering

The Danish Copenhagen Andelskasse (KBH Andelskasse), under the influence of Moorwand Ltd and its beneficial owners Alain Bazille, Robert Cortneidge, and Wael Almaree, is being charged with money laundering. FinTelegram has spoken with the responsible prosecutor in Denmark who confirmed the money laundering case.

August 4, 2019

Crime case Københavns Andelskasse – Moorwand, broker schemes, investment fraud, and money laundering

In October 2018, the scandal bank Københavns Andelskasse (KBH Andelskasse) was taken over by Finansiel Stabilitet, a public company owned by the Danish State through the..