The online gaming industry often conceals its true ownership through intricate structures, making it challenging to identify the actual beneficiaries. The Rabidi Group exemplifies this complexity. Once a prominent entity in online gambling with a Curaçao license, Rabidi faced scrutiny after its abrupt disappearance following bankruptcy in June 2023. Subsequent to Scam-Or Project reports, Denys Butko, the alleged beneficial owner, removed his LinkedIn profile. Background: The Ascendancy and Decline of Rabidi Group Established in 2019, Rabidi Group rapidly became influential in the online gambling arena, managing at least 34 online casinos under Rabidi N.V., a Curaçao-registered company. Despite this, the…
Author: Tom
Scam-Or Project has published a detailed report on Cazimbo Casino, highlighting the critical role payment processors play in supporting illegal online gambling operations. This investigation underscores the necessity of scrutinizing financial facilitators to curb unauthorized online casinos. Cazimbo Casino: An Examination Cazimbo Casino operates without proper regulatory authorization, continuing the legacy of the defunct Rabidi Group. Key observations include: Payment Processors: Enablers of Unauthorized Gambling A significant concern is the involvement of regulated payment processors facilitating Cazimbo’s operations. As of August 21, 2024, Cazimbo collaborates with several notable processors: Notably, Tilaros Limited, the owner of the “Cazimbo” brand, appears to…
Scam-Or Project is pleased to announce the publication of the comprehensive Rabidi Report, now accessible in PDF format. This in-depth analysis delves into the downfall of Rabidi N.V., a former leading online casino operator, and the rise of its successor, Liernin Enterprises Ltd. The report uncovers concerning patterns of regulatory evasion, financial misconduct, and the opaque disappearance of digital assets—a scenario increasingly prevalent in the digital realm. Executive Summary: Key Insights from the Rabidi Report The Rabidi Report reveals the unsettling reality of how a global company, with revenues of several hundred million euros and profits in the millions, can…
The insolvency of Curaçao-based Blockdance B.V., the former operator of BC.Game, and the subsequent asset transfer to Small House B.V. have created a complex legal and financial situation with significant implications for the online gambling industry. This mirrors the earlier case of Rabidi N.V., where assets were similarly transferred and vanished shortly before bankruptcy. Legal Actions and Bankruptcy Proceedings On November 12, 2024, a Curaçao court declared both Blockdance B.V. and Small House B.V. bankrupt. This decision followed lawsuits initiated by the Foundation for the Advocation of Victims of Online Gambling (SBGOK), representing international claimants alleging unpaid player balances. Notably,…
For many years, Curaçao was considered a regulatory haven for global online gambling. However, this status is now under intense scrutiny. The Lokinvestigation, led by opposition politician and forensic investigator Dr. Luigi Faneyte, has uncovered systemic failures and alleged corruption within Curaçao’s online gambling sector. The investigation reveals connections to Maltese investors and international financial networks, calling for transparency and highlighting significant political implications. Key Points: Lokinvestigation Narrative: Authored by Luigi Faneyte, the Lokinvestigation serves both as a forensic exposé of Curaçao’s flawed gambling licensing system and a critique of Minister Javier Silvania’s administration. Faneyte, a member of the Real…
In a significant development, opposition politician and financial forensic investigator Luigi Faneyte has filed a criminal complaint against Curaçao’s Minister of Finance, Javier Silvania, and three Maltese nationals—Mario Galea, Aideen Shortt, and Mario Fiorini. The allegations involve corruption, money laundering, and regulatory failures within Curaçao’s gambling industry. Key Allegations: Investigative Findings: Faneyte’s supplemental criminal complaint, filed on December 12, 2024, incorporates findings from Scam-Or Project investigations into the Rabidi case. The evidence reveals parallels between Rabidi and BC.Game, highlighting a framework of fraud, unregulated crypto transactions, and asset transfers designed to evade scrutiny. Faneyte has launched Lokinvestigation.com, a platform dedicated…
Curaçao’s recent enactment of the National Ordinance on Gambling (LOK) has ignited significant concern, with critics labeling it a “money laundering law.” Financial expert and whistleblower Luigi Faneyte warns that this legislation could transform Curaçao into a sanctuary for organized crime, jeopardizing the international standing of the Kingdom of the Netherlands. A Law for Reform or a Gateway for Organized Crime? While LOK aims to introduce much-needed regulation to Curaçao’s gaming industry, Faneyte contends that it is fraught with deficiencies, permitting unvetted operators, including obscure “Maltese investors,” to dominate the market. He asserts, “We have handed control of our economy…
BC.Game, a crypto casino operator with a history of insolvency and regulatory violations, has transitioned to offshore ownership under Twocent Technology Limited, raising significant concerns. Key Details: Why This Matters: The transfer of operations to an unregulated offshore entity compounds the risks for players, who have little recourse in case of disputes or unpaid balances. The lack of transparency regarding ownership and management raises further concerns about the platform’s integrity and security. Scam-Or Project Advice: Call to Action: Do you have information about BC.Game or its related entities? Submit your insights via our whistleblower platform, Whistle42. Anonymity guaranteed. Together, we…
The controversies surrounding the defunct crypto gambling platforms BC.Game and Rabidi are intensifying. Following their bankruptcies in Curaçao, there are now allegations of unlawful license transfers and dubious offshore operations. Investigations are focusing on prominent figures, including former Maltese Gaming Authority (MGA) chairman Mario Galea and the Maltese IGA Group. BC.Game Overview: BC.Game, previously managed by Blockdance B.V. under a Curaçao license, was declared bankrupt on November 12, 2024. Just before its insolvency, its gambling license was purportedly transferred to Small House B.V., another entity—a move that Curaçao-based investigator and politician Luigi Faneyte considers illegal. Faneyte, whose findings are detailed…
Overview of the Kakadu Online Casino Scam The Kakadu Online Casino is a fraudulent platform operating as part of a larger network of deceitful gambling sites managed by N1 Interactive Ltd and powered by Softswiss. This scam has a significant presence in countries such as the USA, Canada, Europe, Australia, New Zealand, Japan, and Brazil. It is orchestrated by international criminals from Russia and Belarus, including prominent figures like Roland Yakovlevich Isaev, Paata Gamgoneishvili, Ivan Montik, Pavel Kashuba, and Dmitry Yaikov. How the Scam Operates Deceptive Payment Practices The Kakadu Online Casino scam manipulates players into transferring funds through: These…