Tag: Tamir Zoltovksy

Israeli payment processor BrucBond and its binary options legacyC
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August 8, 2022

Cold Case Review: Disgraced Israeli Payment Processor Bruc Bond And Its Binary Options Legacy!

It is a cold case now but still not resolved! Between 2018 and 2020, FinTelegram exposed that a group of Israeli payment processors controlled by Eyal Nachum and his partner Tamir Zoltovsky facilitated binary options and broker scams big style. They worked with entities in Montenegro or the Marshall Islands and with the regulated e-Money Institutions Bruc Bond (previously Moneta International) and International FinTech. In April 2020, the Bank of Lithuania revoked Bruc Bond's EMI license; consequently, the group vanished from Europe, but their scam-facilitating activities remain to be investigated.
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Bank of Lithuania investigates epayblockB
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November 23, 2021

Bravo! Lithuanian regulator follows FinTelegram and revokes license of Epayblock!

FinTelegram has issued several warnings against the notorious scam and cybercrime facilitator Epayblock, an e-Money Institution regulated by the Bank of Lithuania (BoL). Finally, the regulator announced that it revoked the license of Epayblock due to money laundering issues. The regulator said that it received complaints and information about Epayblock customers potentially using its services for fraud. It initiated the investigation and obtained court permission to apply temporary restrictions on the provision of services to its customers.
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FinTelegram Law and Compliance Enforcement Support InitiativeF
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July 16, 2021

FinTelegram launches Law & Compliance Enforcement Support Initiative

We have been cooperating with law enforcement agencies in various countries since the launch of FinTelegram. As insiders and friends know, the establishment of FinTelegram came about as a means of fighting cybercriminals who were taking action against the founders and operators of FinTelegram. These cybercriminals at the time were German Uwe Lenhoff and Israeli Gal Barak. Both were arrested in early 2019, also thanks to the cooperation between FinTelegram and law enforcement.
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Request 4 Information GlobalNetintR
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October 30, 2020

Request 4 Information – Lithuanian e-Money Institution GlobalNetint and MoneyNetint

Whistleblowers provided documents proving that Lithuanian registered e-money institution (EMI) GlobalNetint UAB is involved in numerous scams as a payment processor. This is for example extensively documented in the "Maxigrid Case" with the associated scams RoyalsFX and LincolnFX. The CySEC-regulated Maxigrid itself has processed payments from victims of scams via its bank accounts with GlobalNetint.
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Eyal Nachum and his crumbling Bruc Bond empireB
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September 13, 2020

Bruc Bond and the crumbling Israeli FinTech empire

The two Israeli FinTech entrepreneurs Eyal Nachum and Tamir Zolovsky are not having a good time right now. Amidst the COVID-19 pandemic, their two licensed EU e-Money Institutions Bruc Bond and International Fintech saw their licenses terminated. In the case of Bruc Bond because of systematic compliance violations and problems with money laundering. Nachum, Zoltovsky. and their various payment processors have a long track record in the scam area.
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Bank of Lithuania terminates license of International Fintech of Eyal NachumD
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September 8, 2020

Dear Bank of Lithuania – please explain your situation with International Fintech!

According to reports by Lithuanian journalist Vakaris Deksnys, the Bank of Lithuania has terminated the license of the International FinTech UAB of Israelis Eyal Nachum and Tamir Zoltovsky without providing a reason. It already happened in July 2020. No statement was given by the regulator on this matter as it would be necessary and required. That's a strange approach. How can a regulated company simply disappear form an EU regulator's list without further explanation?
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Eyal Nachum and Tamir Zoltovsky and their network of companiesB
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September 7, 2020

Breaking News – Notorious International Fintech no longer has a Lithuanian EMI license

The International FinTech UAB of the Israelis Eyal Nachum and Tamir Zoltovsky has no more license in Lithuania. Thus, within a few months, the two Israeli payment pundits have lost both regulated companies in Lithuania. Already in April 2020, the Bank of Lithuania withdrew the license of Bruc Bond (formerly Moneta International) due to systematic violations of the compliance guidelines and problems with money laundering. At present, it is not clear why International Fintech has also lost its license.
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Eyal Nachum in troublesT
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July 6, 2020

Troubled Bruc Bond executive calls for cooperation between banks and FinTechs

The Israeli Eyal Nachum is certainly an experienced Payment & FinTech veteran. And Nachum is just as surely familiar in dealing with the high-risk and dark business segments as payment processor. In April 2020, Nachum's Lithuanian payment processor Bruc Bond was revoked by the Bank of Lithuania for serious and systematic regulatory violations. Now he is making himself heard again.
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Bruc Bond Group of Companies around Eyal NachumB
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July 6, 2020

Bank of Lithuania revokes license of Bruc Bond because of many regulatory violations

The Bank of Lithuania has revoked the license of Bruc Bond UAB (previously Moneta International UAB), the regulator announced on April 22, 2020.
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FXLaws review on FMRCC and PayobinA
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September 5, 2019

Attention! FinTelegram is neither owner nor operator or partner of FXLaws

We appreciate every critical site and initiative dedicated to fighting cyberscams and online scammers and/or protecting investors. Apparently, FinTelegram has also motivated others to this..
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