Rudolf Booker | FinTelegram News

Tag: Rudolf Booker

August 28, 2023

Payvision Victims Go After The Dutch Regulator DNB Over Refusal To Support Them!

FinTelegram readers are well aware that through the coordination of the European Funds Recovery Initiative (EFRI), the Dutch payment processor Payvision, now in liquidation, is being sued by victims of scams who made and lost their deposits through Payvision. An investigation conducted by Dutch regulator De Nederlandsche Bank (DNB) confirmed that Payvision supported scams and violated financial laws in the process. However, DNB does not want to make the report available to victims.

June 26, 2023

The Dutch Real Estate Investor, Russians, And A Revised Narrative About A Cybercrime Partnership!

The story around the Austrian luxury chalets of the Dutch real estate investor Dirk-Jan Bakker is exciting. Bakker was the main investor and partner of cybercrime mastermind Uwe Lenhoff, who died in prison in 2020, between 2015 and 2019. The two met in 2014 while on vacation in Austria, where Bakker recently made a controversial real estate transaction with Russians. Bakker today denies having had a business partnership with Lenhoff. Here's the story.

June 26, 2023

Interesting: The Real-Estate Investments Of Former Partner Of Cybercrime Organization Veltyco!

In January 2019, alleged German cybercrime mastermind Uwe Lenhoff was arrested after years of investigation by European law enforcement. Lenhoff was not charged with any crime. He died in custody in Germany in July 2020. One of his partners was Amsterdam-based real estate investor Dirk-Jan Bakker, also a shareholder in Lenhoff's listed Veltyco Group PLC (now Bet90 Holdings PLC). The latter has recently invested massively in luxury real estate in Austria. Here is the update.

June 14, 2023

Another Court Defeat For The Payvision Gang And Their Austrian Law Firm!

Next court defeat for the now-closed Dutch payment processor Payvision. The founder, Rudolf Booker, positioned Payvision as a laundromat for scammers and operators of porn and gambling sites. In 2018, ING acquired Payvision with a valuation of €350 million. Booker had to leave in April 2020. Andre Valkenburg became the new CEO and continued running Payvision as Booker did. Valkenburg sued against this claim and lost.

May 17, 2023

Former Bitpanda CFO Peter Grausgruber Joins Dutch RegTech Fourthline!

The former CFO of Vienna-based crypto exchange Bitpanda, Peter Grausgruber, is moving to Dutch regtech Fourthline, a company co-founded by the disgraced Payvision founder Rudolf Booker. Fourthline has announced the appointment of Peter Grausgruber as CFO of the provider of KYC and AML solutions. Grausgruber joined Bitpanda in 2019 and has guided the company through several financing rounds.

Court Cases

April 14, 2023

Payvision CEO Rudolf Booker At The Cybercrime Mastermind’s Birthday Party!

Suspected German cybercrime mastermind Uwe Lenhoff died in prison in 2020. Being a braggart and bon vivant, he spent his victims' money to buy expensive watches and luxury cars like Ferraris. It was in a Ferrari that Lenhoff was also arrested in early 2019. He had previously been under surveillance by law enforcement agents for months. One of Lenhoff's partners and facilitators was then Payvision CEO Rudolf Booker, who was photographed at Lenhoff's birthday party.

April 5, 2023

Payvision And Frank: The Two Big FinTech Takeover Disasters And The Different Consequences.

Recently, Charlie Javice was arrested in New York and charged with fraud. She is the founder and former CEO of fintech Frank, which JP Morgan bought for $175 million. She allegedly misled JP Morgan about the true state of the company. In 2018, ING acquired Payvision, founded by Rudolf Booker, at a valuation of €360 million. ING expected Payvision to be a different company. The fintech made most of its revenue from merchants in the porn and gambling sectors - and with scammers.

March 30, 2023

No! Payvision And Rudolf Booker Are Not Defendants In The German Indictments!

A whistleblower asked us if Payvision or its founder Rudolf Booker was also named a defendant in the German indictment against Gal Barak. The question is justified because tens of millions of the victims of Barak's broker scams have deposited via Payvision. The criminal files show that as Payvision's CEO at the time, Booker knew that Barak was running scams and defrauding customers. But to our knowledge, he is not listed as a defendant in the German indictment.

March 29, 2023

Ralph Hamers UBS Resignation May Or May Not Be Related To Ongoing Dutch Investigations And The Payvision Disaster!

As reported by FinTelegram, the former ING CEO Ralph Hamers will step down from his job as CEO of Switzerland's UBS Group at the beginning of April 2023 after nearly 29 months on the job. He will be replaced by a predecessor Sergio P. Ermotti. This surprising move may be related to the acquisition of Credit Suisse, or it may be related to ongoing investigations into money laundering in Holland. It has not yet been decided whether charges will be brought against Hamers.

March 20, 2023

Time To Get Angry: ING’s ESG Committee Received Open Letter For Failing To Compensate Victims!

Currently, the global banking landscape is in a state of shock. First, the collapse of Silicon Valley Bank and Signature Bank in the U.S. followed UBS's incredible bail-out deal for Credit Suisse. Things are bad for banks. So perhaps it's not quite so striking that ING of the Netherlands can't solve its problems with Payvision, which it bought. Thousands of victims have lost their money via Payvision. The European Fund Recovery Initiative (EFRI) has written an open letter to ING's ESG committee.

March 9, 2023

Vanished: Disgraced ING Subsidiary Payvision Seems To Be Gone Without Compensating Victims!

We had already been expecting this for a few weeks. Since the Dutch banking giant ING announced in October 2021 that it would phase out Payvision, it was clear that at some point, quietly and secretly, the high-risk payment processor founded by Rudolf Booker would disappear. For ING, Payvision, acquired in 2018 under then-CEO Ralph Hamers for a reported €400 million, was a huge financial and reputational flop. Court documents to CEO Andre Valkenburg can no longer be served!

March 3, 2023

Not ING! How U.S Banking Giant JP Morgan Deals With Its Disastrous FinTech Takeover Deal!

In the U.S., the banking giant JP Morgan paid $175 million for Frank, a fintech startup founded by former CEO Charlie Javice in 2016. Frank offers software to improve the student loan application process for young Americans seeking financial aid. Now, JP Morgan is suing the 30-year-old founder and the startup's former Chief Growth Officer, Olivier Amar for allegedly lying about its scale and success by creating an enormous list of fake users to entice the financial giant to buy it.