Introduction: Spotlight on Trustcom Financial Trustcom Financial UAB has repeatedly surfaced as a payment processor in association with various scam operations. Over recent years, several fraudulent…
Introduction: OctaPay Reappears in a New Form In March 2021, Scam-Or Project reported the sudden disappearance of OctaPay, a high-risk payment processor believed to be a…
Overview Paypound has been identified by industry insiders as one of the successor entities to the now-defunct Indo-British high-risk payment processor iPayTotal. Recent reports indicate that…
Market Shift: FinTech Declines While High-Risk Surges Looking back, the final week of May 2022 might be recognized as a pivotal moment highlighting the downturn in…
Scam-or Project continues to observe the aftermath and transformation of iPayTotal, a British-Indian high-risk payment processor that faced court-ordered liquidation. Although the original company was shut…
Overview Following the collapse of the high-risk payment processor iPayTotal, a range of successor ventures has emerged. These businesses, including Paypound, Payomatix, Cryptomatix, and Kryptova, appear…
Overview: Voluntary Strike-Off Attempt by NeoBanQ High-risk payment processors have a track record of vanishing—often along with merchants’ funds. This was seen in the case of…
Overview of the iPayTotal Meltdown In February 2022, court-appointed Joint Liquidators filed a progress report shedding light on the extensive losses tied to the downfall of…
Acknowledgment of Sources We extend our appreciation to the whistleblowers whose valuable insights continue to help uncover fraudulent operations and their associated payment processors. By sharing…
Whistleblower Acknowledgment: We extend our gratitude to the whistleblowers who continue to provide critical insights that support the exposure of fraudulent operators and payment facilitators. Your…
