Payment Processors as Enablers of Online Fraud
The rise of cybercrime — especially fraudulent online brokers — has often depended on the cooperation of unregulated payment processors. Over the last decade, the boom of financial technology coincided with the growth of widespread binary options fraud and broker scams. A number of payment service providers are believed to have knowingly handled transactions tied to fraudulent operations, profiting from funds that were illicitly obtained from unsuspecting investors.
These processors are increasingly being recognized as critical accomplices in the broader ecosystem of financial scams, and calls for accountability have intensified. Among the companies drawing attention is the German-based B2G GmbH, which authorities suspect operated without proper licensing while processing funds linked to criminal activity.
B2G GmbH and Alleged Involvement in Multi-Million Euro Schemes
B2G GmbH, a payment firm registered in Germany, has been associated with extensive financial operations involving high-risk and fraudulent platforms. The company was allegedly operated by Oleg Shvartsman, a Russian national, and Rainer Treuer from Germany. Investigators claim that the company processed large volumes of funds connected to investment scams across Europe.
According to multiple sources and victim reports, B2G played a key role in laundering proceeds tied to major scam operations, including those linked to Gal Barak (E&G Bulgaria) and Uwe Lenhoff (Veltyco Group, B90 Holdings). Authorities believe the processor also serviced numerous additional platforms involved in deceptive practices.
Legal Actions and Ongoing Investigations
Criminal investigations targeting B2G GmbH have reportedly been underway in several EU countries since 2018. Law enforcement agencies continue to examine the firm’s financial flows and potential violations of anti-money laundering regulations.
Recent reports cite extensive analysis of victim documentation, which allegedly confirms B2G’s role in facilitating scam-related payments and the movement of millions of euros across borders through questionable methods.
Key Allegations Against B2G GmbH:
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Operating without a valid financial license
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Serving as a payment intermediary for broker scams
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Involvement in cross-border money laundering
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Processing funds on behalf of known fraud networks
Authorities are expected to intensify their efforts as new evidence emerges from multiple jurisdictions, potentially leading to broader indictments or financial penalties.
The Bigger Picture
The case of B2G GmbH reflects a growing trend in the crackdown on shadow payment networks that support online financial fraud. As prosecutors and regulators work to dismantle these networks, the role of payment intermediaries is becoming increasingly central in identifying how investor funds were misappropriated and who should bear responsibility.
The ongoing investigations into B2G and its leadership are likely to set a precedent for how similar cases are handled across the European Union in the future.