option888

Are you a victim of option888, xmarkets, Tradovest, zoomtrader?

Uwe Lenhoff, a German,  was arrested on 25th of January 2019 in Tyrol, Austria and faced multiple charges related to fraud. He was identified as the beneficial owner of the investment scams websites option888, xmarkets, Tradovest and zoomtrader/zoomtraderGlobal and Tradeinvest90. His criminal proceedings were subsequently transferred to Germany. Unfortunately, he

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optionstarsglobal, xtraderfx

Are you a Victim of xtraderfx, optionstars, safemarkets, goldenmarkets?

At the end of January 2019, Gal Barak, the owner of several investment scam websites including xtraderfx, optionstars/optionstarsglobal, safemarkets, and Golden Markets, was arrested by law enforcement agencies in Austria and Germany. Barak, an Israeli citizen, was apprehended in Bulgaria at the request of Austrian authorities due to his involvement

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authorized push payment

The Payment Industry still underestimates what is at Stake!

Due to the significant rise in online fraud, particularly losses from Authorised Push Payment (APP) scams in the UK, a new mandatory reimbursement scheme for APP fraud victims will be implemented starting on October 7, 2024. This scheme introduces a legal requirement for payment service providers to refund victims for

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non effective AML enforecement in Europe

Five Examples for Non-effective AML enforcement in Europe!

Although financial institutions worldwide step up their efforts in fighting criminals from using their systems for money laundering, still more than 99% of money laundering proceeds remain in the hands of criminal gangs. It’s not just the massive amounts of money that go unseized that’s troubling (UNODC estimates that between

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Payment service provider for 24option

Payvision/ING also processed card payments for #24option!

Payvision/BOOKER is now known to have been the primary payment service provider for the fraudulent websites of the Wolf of Sofia and Uwe Lenhoff’ from 2016 to 2019. Less well-known, but equally significant, is the fact that Payvision (a subsidiary of one of Europe’s largest banks, the Dutch ING) has

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Payvision settlement agreement

Mossack and Fonseca in the “Panama Papers” case acquitted!

In a further setback against money laundering and financial crime, Jürgen Mossack and Fonseca Mora, the beneficial owners and directors of the infamous Mossack Fonseca, were acquitted of all charges by a Panama court (Baloísa Marquínez) on June 29, 2024. The defendants were accused of money laundering by establishing 215,000

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