The Role of Isaev and Gamgoneishvili in Online Gambling Russian entrepreneurs Roland Isaev and Paata Gamgoneishvili have emerged as key players in the online gambling and crypto payment sectors. Scam-Or Project ongoing investigations reveal their deep involvement in the SoftSwiss and Merkeleon groups, controlled through complex business structures and strategic acquisitions. Court documents and whistleblower information shed light on a global network that supports unlicensed gambling operations across Europe and beyond.
Key Findings
- Strategic Acquisitions
- Isaev and Gamgoneishvili gained control of SoftSwiss in 2019 through Tall Trade Ltd., acquiring a majority stake in Befree Ltd.
- Beneficial Ownership
- Legal documents and whistleblower disclosures confirm Isaev and Gamgoneishvili as beneficial owners of SoftSwiss and Merkeleon.
- Corporate Web
- A network of holding companies in Cyprus facilitates fund flows through fiat and cryptocurrency channels.
- Unlicensed Operations
- SoftSwiss operates gambling schemes in Europe and Australia without appropriate licenses, circumventing regulatory frameworks.
The SoftSwiss Group and Its Network
Ownership and Control
Isaev and Gamgoneishvili entered the online gambling scene through the acquisition of SoftSwiss. Whistleblower reports and court documents reveal that:
- Acquisition via Tall Trade Ltd.
- Acquired from founders Ivan Montik and Dzmitry Yaikau in 2019.
- The transaction involved multiple entities and a loan agreement, resulting in a shareholder dispute in the British Virgin Islands.
Corporate Structure of SoftSwiss
| Entity | Jurisdiction | Role |
| Direx Limited | Cyprus | Operated SoftSwiss until 2020 |
| Direx NV | Curaçao | Owned by Befree Ltd. |
| Befree Ltd. | Cyprus | Previous majority ownership by Montik, Yaikau |
| Stable Aggregator Ltd. | Malta | Current SoftSwiss operator |
Unlicensed Gambling and Crypto Payment Schemes
Key Gambling Brands
Isaev and Gamgoneishvili’s influence extends to:
- Rabidi Group
- Dama
- Hollycorn
- N1 Interactive
These brands operate under offshore licenses in jurisdictions like Curaçao, enabling unregulated gambling activities in Europe and Australia.
Payment Processing via Merkeleon
The SoftSwiss gambling network relies on Merkeleon’s crypto payment schemes to manage funds, including:
- CoinsPaid
- CryptoProcessing
The Role of Cyprus in the Network
Cyprus serves as the operational hub for the network’s financial activities, with several companies acting as intermediaries.
| Entity | Function |
| Befree Ltd. | Fund transfer intermediary |
| Primefuture Ltd. | Facilitates cryptocurrency payments |
| Bitcapital Ltd. | Manages gambling revenues |
The SoftSwiss Group Today
Corporate Overview
| Trading Name | SoftSwiss |
| Business Activity | iGaming software provider |
| Domain | softswiss.com |
| Legal Entity | Stable Aggregator Ltd. |
| Authorization | MGA Malta, License #MGA/B2B/942/2022 |
Call for Whistleblower Information
Scam-Or Project invites individuals with knowledge about Isaev, Gamgoneishvili, or their affiliated entities, including SoftSwiss and Merkeleon, to share their insights securely via Whistle42.com. Transparency is essential to hold these networks accountable.