VELTYCO in Financial Turmoil VELTYCO GROUP PLC, the publicly traded company tied to German gambling entrepreneur Uwe Lenhoff, is facing serious challenges. After months of declining financial performance, the company is once again in the spotlight—this time for a controversial change in shareholder structure. On December 6, 2018, documents filed with the London Stock Exchange (LSE) appeared to show that German investor Falk-Uwe Preussner had significantly increased his stake in VELTYCO. However, conflicting information and whistleblower reports suggest the opposite—that Preussner may have actually sold a portion of his holdings. Conflicting Disclosures and Unanswered Questions Initially, stock filings indicated that…
Author: Tom
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 the launch of its own regulated financial trading brand during the first quarter of 2019. Originally, this launch was expected in the fourth quarter of 2018, but according to the update, the company was still awaiting regulatory approval. Considering VELTYCO’s history with unregulated financial ventures, this announcement raised considerable skepticism. Based on past activities, such an approval would likely not serve the best interests of investor protection. VELTYCO’s Track Record and Regulatory Concerns There…
A Shifting Front: From Grau International OU to VEmarkets Ltd Initially, the unlicensed broker VEmarkets (www.vemarkets.com) listed Grau International OU, an Estonian company, as its official owner and operator. However, within a short period, that name was removed from the website and replaced with VEmarkets Ltd. Interestingly, this new company, VEmarkets Ltd, is allegedly registered in Estonia under company number 14482296, which actually belongs to the same Grau International OU. This abrupt rebranding seems to be a deliberate move to mislead investors, regulators, and even search engines. As a result, Scam-Or Project launched a deeper investigation into this Estonian financial…
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 networks operating illegal broker schemes in Europe — and likely beyond. The arrests of Gal Barak, an Israeli national, and Uwe Lenhoff, a German citizen, mark a turning point in the fight against financial cybercrime. These arrests are seen as a positive development for both the online investment space and for defrauded investors across Europe. Uwe Lenhoff: Germany’s Cybercrime Architect Uwe Lenhoff is believed to have built a vast empire of fraudulent operations through…
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 legitimate trading platform, it is actually operated by Celestial Trading Ltd, a company previously linked to numerous illicit schemes. Behind the scenes, this broker is part of a broader network involving Altair Entertainment N.V., VELTYCO GROUP, and other entities associated with financial misconduct. The Corporate Web: Celestial Trading & Altair Entertainment Celestial Trading Ltd is named as the direct operator of Tradeinvest90, although it holds no official licenses or regulatory approval. Altair Entertainment N.V.,…
Introduction: The Facade of Cybercrime Cybercriminals often employ deceptive tactics to maintain a veneer of legitimacy. This includes generating fabricated reviews for fraudulent websites and crafting fictitious biographies for individuals facing legal scrutiny. A notable example is Uwe Lenhoff, a German national arrested under a European arrest warrant. He is alleged to be the mastermind behind several fraudulent online trading platforms and extensive money laundering operations. Despite his incarceration, a new website, www.uwelenhoff.com, emerged, portraying him as a pioneering figure in the online gambling industry. Lenhoff’s Network and Associations Uwe Lenhoff founded and held significant shares in the publicly listed…
Background: Unclear Share Transaction Filing In December 2018, a regulatory filing related to a Veltyco Group PLC shareholder transaction raised questions due to its ambiguous nature. The filing did not clearly specify whether Falk Preussner, a significant shareholder, had purchased or disposed of his shares in the company. This lack of clarity mirrored a broader pattern observed in several of Veltyco’s official filings, which have often been criticized for being vague or confusing. Clarification from Falk Preussner According to Falk Preussner’s statement, he confirmed that he sold a portion of his Veltyco shares, not acquired them as initially speculated. He…
Overview In response to our recent inquiry concerning Blue Trading and Onyx Capital, over 150 individuals have reached out, sharing their experiences. Additionally, more than 120 participants have registered for our fund recovery initiative. Drawing from data associated with other fraudulent broker schemes, we’ve formulated preliminary hypotheses and conclusions to share with our readers. Connection to Other Fraudulent Schemes Evidence suggests that Blue Trading is intricately linked to other notorious scams, notably those orchestrated by E&G Bulgaria and the Veltyco Group. Key indicators include: Shared Financial Channels: Utilization of identical shell companies and bank accounts across these schemes. Common Payment…
Overview LottoPalace, an online lottery platform associated with Uwe Lenhoff’s network, is facing allegations of financial misconduct, including the use of cryptocurrency transactions that may have facilitated money laundering. Customer Grievances and Financial Irregularities Numerous customers have reported issues with LottoPalace, including: Unprocessed withdrawal requests Unauthorized debits from their bank accounts Significant account balances, sometimes exceeding €100,000, remaining inaccessible These complaints suggest potential financial mismanagement within the platform. Involvement of Coinbase’s CB Payments Ltd Investigations have revealed that some LottoPalace customers were instructed to transfer funds to accounts held by CB Payments Ltd at Estonia’s LHV Pank. CB Payments Ltd…
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 have been implicated in laundering funds for fraudulent schemes like Option888 and Altair Entertainment. Despite mounting evidence, German authorities have been criticized for their inadequate response to these activities. Wirecard’s Involvement in Fraudulent Schemes Wirecard, once a prominent player in the global payments industry, has been linked to several fraudulent broker schemes. Investigations have revealed that: Wirecard processed transactions for entities like Option888 and Altair Entertainment, which were involved in deceptive financial practices. Internal…