Background: Scrutiny of OctaPay and iPayTotal Connections
Recently, Scam-Or Project issued a Request 4 Information (R4I) concerning the activities of the high-risk payment service providers OctaPay and iPayTotal. Various reports suggest a close link between these two processors, with connections allegedly facilitated by Vishal Coodye through Rashal International LLC. New insights confirm that OctaPay’s European base of operations is located in Cyprus.
Leadership Shake-Up at OctaPay
On December 9, 2020, OctaPay announced the termination of its European CEO, Christian van Biezen. According to reports, van Biezen was dismissed due to his refusal to engage in or tolerate alleged illegal practices within the company.
According to his LinkedIn profile, van Biezen previously held the title of Director of Strategic Partnerships and also served as CEO for OctaPay Europe. He is currently in search of new employment. Insiders suggest that his departure may have been surrounded by internal conflict and controversy. The editorial team at Scam-Or Project has requested a statement from van Biezen and will publish any relevant updates.
Company Details
OctaPay Limited was incorporated on September 16, 2020. Official filings with UK Companies House list Madhumita Singh (born January 1987) as the sole director and beneficial owner of the company. A LinkedIn profile under her name also exists.
Ongoing Concerns Over iPayTotal
In the broader high-risk payments industry, speculation continues around the connection between iPayTotal and OctaPay. iPayTotal, in particular, has been the subject of serious public allegations, including:
-
Coercion or blackmail of merchants and business partners
-
Withholding of payouts to clients
At this time, Scam-Or Project cannot independently verify the validity of these accusations. If you possess credible information about either company or their executives, we encourage you to contact us.
Have Information to Share?
Contact Scam-Or Project confidentially to contribute to ongoing investigations.