The Fall of VELTYCO Group: Aftermath of the Binary Options Ban
A Public Company Built on a Hidden Network VELTYCO GROUP PLC, a company listed on the London Stock Exchange (AIM), positioned itself as a provider of…
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VELTYCO’s Planned Launch of a Regulated Financial Brand in 2019
Announcement from VELTYCO On December 31, 2018, publicly listed VELTYCO GROUP PLC, associated with Uwe Lenhoff (main shareholder) and Marcel Noordeloos (CFO), released a statement forecasting…
Breaking: Option888 Operator Uwe Lenhoff Taken Into Custody
Major Blow to European Cybercrime Networks In a coordinated effort involving Germany, Austria, and Bulgaria, authorities have dismantled what is considered one of the largest cybercriminal…
Investor Warning: Tradeinvest90 and Celestial Trading Exposed
Tradeinvest90 – Another Unlicensed Broker The website www.tradeinvest90.com has been flagged as an unlicensed broker targeting retail traders across Europe. Although it presents itself as a…
Wirecard and Option888: Germany’s Emerging Role as a Corporate Safe Haven
Introduction The collaboration between illicit broker operations and regulated payment service providers (PSPs) has facilitated extensive financial fraud. Notably, German entities such as Wirecard and Payvision…
Xtrabit s.r.o. and Vladislav Kogan: Facilitators of Financial Fraud
Overview Xtrabit s.r.o., a Czech-based payment service provider (PSP), has been implicated in facilitating financial transactions for fraudulent online broker schemes. Under the direction of Vladislav…
Co-Conspirators and Lieutenants of the Lenhoff-Barak Cybercrime Syndicate
Overview: How an International Fraud Scheme Operated in Plain Sight The fraudulent broker network led by Uwe Lenhoff and Gal Barak would not have reached such…
Wirecard’s Entanglement with Option888: Misstatements and Unanswered Questions
Introduction In May 2019, Wirecard, a prominent German fintech company, issued a press release addressing allegations of its involvement with the binary options scheme Option888, operated…
Five-Month Update: Tracking Campaigns Against Broker Scams and Recovery Efforts
Background and Launch of Coordinated Campaigns Following the arrest of Uwe Lenhoff, founder of Option888, in January 2019, the first public campaign focused on recovering investor…
Legal Fees and Tainted Funds: The Case of Uwe Lenhoff and the Implications for Criminal Defense
Introduction The arrest of Uwe Lenhoff, a self-proclaimed online gambling pioneer, has brought to light the complexities surrounding the use of illicit funds for legal defense.…