A few months ago, FinTelegram released a first forensic report on the bankruptcy of Rabidi N.V., a Curacao-registered online casino operator with hundreds of millions in revenues — and no traceable assets by the time of its collapse in May 2024. That report already raised serious questions about the opaque structures behind Rabidi’s operations and its successor, Liernin Enterprises Ltd.
Since then, supported by whistleblowers, court documents, and the systematic capabilities of AI-assisted compliance investigation, the FinTelegram team has compiled and processed a far broader range of evidence. The result is a comprehensive, lawyer-ready forensic intelligence report, which we now make available to the public.
👉 Download the Full Forensic Report (PDF)
Key Findings at a Glance
- Rabidi N.V. was not just a rogue operator — it was part of a broader multi-jurisdictional gambling and crypto-financial scheme, operating through Cyprus, Curacao, the Marshall Islands, Estonia, and beyond.
- https://fintelegram.com/tag/miFollowing its bankruptcy in May 2024, its operations were seamlessly taken over by Liernin Enterprises Ltd, a newly formed Marshall Islands entity — but payment processing and trademarks remained in the hands of Cypriot entities like Tilaros Ltd and Mirata Services Ltd.
- Ivan Montik, the Belarusian tech founder of SoftSwiss, stands at the center of the infrastructure — aided and financed by Russian entrepreneurs Roland Isaev and Paata Gamgoneishvili via the vehicle Tall Trade Ltd.
- The report traces links to CoinsPaid, CryptoProcessing, Merkeleon, and other crypto processors facilitating gambling-related payments, many of which remain unlicensed in the EU or North America.
- German and Australian regulators have issued warnings about illegal operations by Montik’s affiliated companies. Yet several key individuals reside in Germany and Cyprus — operating from within EU borders.
- The collapsed Wirecard also appears in the documents, with over €60 million in transactions processed for SoftSwiss-linked entities and former COO Jan Marsalek reportedly requesting sales data personally.
- The Revera law firm, operating out of Belarus and Cyprus, is identified as the key legal architect behind SoftSwiss’s corporate structure — including the establishment of Cypriot holding entities used to obscure real ownership and control.
Why It Matters
This report provides concrete evidence of how large-scale, unlicensed gambling and crypto-payment ecosystems continue to operate across the EU — often shielded by offshore licenses and weak cross-border enforcement. It shows how operators with hundreds of millions in player funds can vanish from one jurisdiction and reappear under a new name in another — without ever settling debts or being held accountable.
Call for Information
FinTelegram remains committed to uncovering illicit financial schemes and crypto-driven regulatory arbitrage.
We invite insiders, employees, former contractors, and payment service providers with additional knowledge to come forward via our protected platform:
Your information can help regulators, investigators, and the public bring accountability to a digital sector increasingly overrun by impunity.
