The extent of the damage caused by scam facilitating FinTechs is very clearly shown by the ING subsidiary Payvision. The Dutch Fintech processes some €130 million just for the scams of the two now-imprisoned Uwe Lenhoff (Germany) and Gal Barak (Israel). Thanks to the investigations many sad hypothesis around FinTechs and their role as cybercrime facilitators have been proved by facts and evidence.
Monthly Archives: February 2020
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.
On 31st January 2019, the Austrian Meinl Bank (now “Anglo Austrian AAB Bank“) made a suspicious money laundering report to..
Binary options have been prohibited in almost all jurisdictions since 2018. The legal review of the illegal and fraudulent binary..
In the last few days, speculations about massive manipulation of the cryptocurrency market have again made the rounds. Allegedly, the..
Our FinTelegram lawyers today received a copy of the criminal files regarding the regulated Lithuanian FinTech Moneta International UAB (now..
The CyberProfilers have published their first report on the FinTech Facilitators. The report focuses on the now court-approved responsibility of..
FinTelegram has been successfully exposing scams for almost two years now and also shows which payment service providers and lawyers have participated in these scams (in whatever role). Therefore FinTelegram is hated by the scams and their lawyers and partners. We understand that. This also applies to Eyal Nachum and Tamir Zoltovski and their various companies from Payotech Ltd (disappeared) to Moneta International ((renamed) to SeeddPay on Marshall Islands or Hermes Solution DOO in Montenegro. FinTelegram was not founded to receive the love of scammers. FinTelegram was founded to stop scammers.
EuroPrime is a trading style of F1Markets Ltd. licensed in Cyprus with CIF license number 267/15 and we have recently portrayed F1Markets on FinTelegram. However, the beneficial owners of F1Markets, as well as, key operating units are located in Israel. In fact, many of the investment companies registered and licensed in Cyprus are Israeli dominated.
FinTelegram has recently reported about F1Markets and its broker platforms. These include the online broker Investous, against which numerous complaints from retail investors have been filed. An extensive broadcast on Facebook about alleged fake advertisements by Investous ultimately led to PSV Eindhoven terminating its sponsorship agreement with Investous (F1Markets).
Toronto registered Richmond Minerals Inc. is a mining company listed on the Canadian TSX-V. The company is a micro-cap listed..
Life in our cyber society is characterized by digitalization and the Internet. Financial transactions are also handled via the Internet, as are purchases and partner searches. The ubiquitous smartphone is the new center of human life. Unfortunately, today’s cyber society has also brought a new form of crime – cybercrime. Studies show that people are now more likely to become victims of cybercriminals than traditional criminals.