Mandates from Affected Investors In recent weeks, several hundred investors affected by fraudulent online brokerage platforms have issued legally valid…
Browsing: Illegal payment services
A Shifting Front: From Grau International OU to VEmarkets Ltd Initially, the unlicensed broker VEmarkets (www.vemarkets.com) listed Grau International OU,…
Introduction The extensive financial losses suffered by retail investors through illicit online broker schemes have been significantly enabled by certain…
Overview Xtrabit s.r.o., a Czech-based payment service provider (PSP), has been implicated in facilitating financial transactions for fraudulent online broker…
Overview: How an International Fraud Scheme Operated in Plain Sight The fraudulent broker network led by Uwe Lenhoff and Gal…
Authorities Suspect Lenhoff of Large-Scale Online Investment Fraud According to Sueddeutsche Zeitung, authorities believe they have apprehended a high-profile cybercrime…
The Case of Uwe Lenhoff and a Failing System Originally published in German by Süddeutsche Zeitung journalist Uwe Ritzer on…
Introduction In May 2019, Wirecard, a prominent German fintech company, issued a press release addressing allegations of its involvement with…
The Unlikely Connection: News Media, Payment Processing, and Broker Scams What do Crypto Daily Pte Ltd, Veltyco Group PLC, Uwe…
The extradition of Israeli national Gal Barak to Austria marks a pivotal moment in Europe’s battle against online fraud. Barak,…