Wirecard’s Role in Illegal Binary Options Networks (Part I)
The Scale of the Fraud Since early 2018, the Scam-or Project has been actively reporting on illegal brokerage operations, particularly those involving binary options. According to…
Trending Now:
PayVision
The Lenhoff-Barak Network and the Montenegrin Money Trail
Unraveling Cross-Border Financial Operations from Montenegro to Bulgaria A Widening Web of Financial Crimes The sprawling financial operations of Uwe Lenhoff and Gal Barak, two central…
Wirecard and Binary Options: Handelsblatt Investigates Connection with Option888 Scheme
Background: Binary Options, Wirecard, and the Lenhoff Case In a revealing report published by Felix Holtermann in Handelsblatt, new details have emerged regarding Wirecard’s indirect role…
Veltyco-Lenhoff Investigation: German ‘Tagesschau’ Reveals Scale of Fraud and Its Victims
Overview of an Expanding Cybercrime Network The unfolding case of Uwe Lenhoff, his publicly traded company Veltyco Group PLC, and the associated network of fraudulent trading…
The Case of Payvision and Rudolf Booker: A Closer Look at Alleged Ties to Investment Fraud Networks
Background: Origins of Payvision Rudolf Booker, an Amsterdam-based entrepreneur, founded the payment service provider Payvision in 2002. The company operated steadily until around 2015, when it…
High-Risk Payment Processors Series: Exploring Financial Risk and Regulatory Oversight
The Central Role of High-Risk Payment Processors in Online Fraud High-risk payment processors (HRPPs) are frequently identified as core facilitators in cybercrime schemes and online investment…
Payvision and the Vienna Cybercrime Trials: Legal Scrutiny Over Payment Processing Ties
Background: Connection Between Payvision and Key Defendants Rudolf Booker, founder and former CEO of the Amsterdam-based payment processor Payvision, maintained close ties with German entrepreneur Uwe…
Confronting Online Investment Fraud: Part I of an Interview on Legal Action and Cybercrime Investigations
Background: Coordinated Action Against Fraud In 2018, a European-based initiative was launched in cooperation with legal professionals and digital finance experts to support individuals affected by…
Update on Fund Recovery Efforts and the Role of Payment Service Providers
Mandates from Affected Investors In recent weeks, several hundred investors affected by fraudulent online brokerage platforms have issued legally valid Powers of Attorney (POA) to representatives…
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…