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Tag: UPayCard

February 11, 2021

EFRI Class Action – Fund recovery claims against collapsed KBH Andelskasse and its owners

The international shadow banking system around the collapsed Danish Kobenhavn Andelskasse (a/k/a KBH Andelskasse) dominated by Jesper Bak and Wael Almarree was one of the worst payment facilitators for (legal and illegal) gambling and scams between 2016 and 2018. Also involved during this time were Danish FinTech Clearhaus and FCA-regulated Moorwand (formerly UPayCard). The European Fund Recovery Initiative (EFRI) filed the fund recovery claims with the Danish FSA and filed a criminal complaint with the Danish prosecutor's office.

December 9, 2020

UK Moorwand provides issuing services to German FinTech Stocard

FCA regulated Moorwand Ltd is owned and controlled by Wael Almaree who was also one of the controlling beneficial owners of the collapsed Danish KBH Andelskasse, which was placed under state administration for money laundering. As a customer of KBH Andelskasse, Moorwand was involved in hundreds of suspicious transactions. Moorwand announced today that it will provide issuing services for the German FinTech Stocard.

December 9, 2020

UK Moorwand provides issuing services to German FinTech Stocard

October 7, 2020

More news from Danish scam facilitator KBH Andelskasse

The extent of the two scandals surrounding the Georgian-Ukrainian-Israeli scam broker network of the Milton Group on the one hand and the money laundering of the Danish KBH Andelskasse on the other hand is involving exponentially. Authorities from Spain via Denmark to Ukraine are currently conducting intensive investigations. Whistleblowers and victims have provided us with bank details to trace the scammers. As the victim cases of the Milton Group scams, FXPrime and InvestingPro expose.

August 17, 2020

FCA asked to really supervise Wirecard mini-me Moorwand!

FCA made a big mistake back in summer 2017 when it withdrew its warning against the crypto scam OneCoin. Back then FCA's withdrawal was used by the OneCoin salespeople to advertise the scheme even more aggressively to naive consumers. FCA actually facilitated the scam. Unwillingly, admitted but nevertheless it did. This is what BBC journalist Jamie Bartlett uncovered in episode 9 of the BBC’s The Missing Cryptoqueen podcast. And there is Moorwand which we call the Wirecard mini-me regulated by FCA.

Wirecard

May 6, 2020

Attention: Wirecard closes down a key Dubai subsidiary to reduce “corporate complexity”

Dubai – a popular place for its secrecy – is a hot spot for Wirecard. In recent years, the tax haven has developed into a..

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 23, 2019

UPayCard – Fraudulent genes, rotten eggs, 12,000 years of prison, and binary options!

The criminal genes of a payment service provider always reveal themselves over the period of its existence. Every payment service provider (PSP) can have rotten..

September 20, 2019

Update – The ridiculous behavior of Moorwand Payment Scheme with UPayCard and UPC Consulting Ltd

Over the last few months FinTelegram, with the support of the many victims and whistleblowers, has been able to detail how the UK FCA regulated..

September 12, 2019

Breaking News: Illicit payment services provider UPC Consulting applies for strike off with UK Companies House

Alain Bazille of the illegal payment services provider UPC Consulting Ltd applied for the company's strike off. This runaway attempt by one of the vast illegal payment service providers from the era of binary options and broker scams cannot go unnoticed in the interest of the many defrauded investors.

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..