The 2019 Arrest of Uwe Lenhoff In January 2019, German citizen Uwe Lenhoff was taken into custody following an extensive investigation by authorities in Germany, Austria,…
The FinTech Sector’s Role in Supporting Fraud The importance of financial technology providers in enabling large-scale investment fraud has become increasingly evident. U.S. prosecutors have repeatedly…
Regulatory Crackdown: Binary Options Market Shut Down in the UK According to a report from the Financial Times, the UK Financial Conduct Authority (FCA) has officially…
High-Profile Case Opens in Vienna Court The trial of Israeli national Gal Barak, accused of running a network of online trading platforms allegedly used to defraud…
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…
Company Overview PPRO Group is a global financial technology enterprise that includes PPRO Financial Limited (www.ppro.com), a UK-based e-money institution authorized by the Financial Conduct Authority…
Background and Legal Findings The Czech-registered company Xtrabit s.r.o., associated with Russian-born Australian citizen Vladislav “Vlad” Kogan, has been legally implicated in connection with unauthorized payment…
Role of PSPs in Broker Fraud Ecosystems Fraudulent online trading platforms would not have been able to flourish without the collaboration of certain payment service providers…
Overview: Tracing the Financial Facilitators of Investment Scams Scam-Or Project recently initiated a campaign aimed at identifying unregulated and unauthorized payment service providers (PSPs) involved in…
U.S. Federal Charges Target Illicit Crypto-Linked Financial Activities The U.S. Attorney for the Southern District of New York, in collaboration with the Federal Bureau of Investigation…
