On April 5, 2024, the Dutch Prosecutor announced that the criminal charges against Payvision’s board members had been settled out of court. Booker and his colleague Cheng Liem Li were found to have (2016 – April 2020) structurally and for many years violated the European Know Your Customer rules and
Adverse decision of the Koblenz regional court for a Wirecard investor! On December 22, 2023, the regional court in Koblenz, Germany, ruled that Commerzbank AG – one of Germany’s largest banks – is not liable for recommending investments in Wirecard, despite being aware of irregularities within the Wirecard group (Az.
With the decision of January 10, 2024, III Zr 57/23, the Federal Supreme Court finally rejected a claim brought by a Wirecard shareholder for damages against BaFin (BGB § 839 para ntence 1 Ca; WpHG § 106 ff (F: until December 31, 2021). The Federal Supreme Court ruled that the measures
Over the past four years, we have communicated with hundreds of victims of online trading scams. We’ve analysed their banking documents and prepared criminal complaints on their behalf. Additionally, we’ve reviewed hundreds of pages of court files. At this point, we believe we have a comprehensive understanding of how online
Often, when victims transfer cryptos to investment scammers or pay ransoms to hackers, the funds end up in a Binance wallet. This trend has been noticeable since the crypto exchange’s inception in 2017, suggesting that the platform has been accommodating to criminals. We have been closely monitoring the business’s activities
A whistleblower informed us of rumors that the Dutch FIOD is still investigating the PAYVISION/BOOKER money laundering case. It’s conceivable that probing into Payvision’s long-standing involvement with scammers is a complex task. The personal connection between Booker, Payvision’s founder and long-term CEO, and Uwe Lenhoff, the beneficial owner of online
Payvision and ING have come under scrutiny for their alleged involvement in enabling fraudulent activities conducted by individuals such as Gal Barak (the Wolf of Sofia) and Uwe Lenhoff. This report outlines the key arguments against both Payvision and ING concerning their roles in facilitating these fraudulent schemes. Payvision´s alleged
On January 29, 2018, Ralph Hamers, the CEO of ING Groep NV, one of Europe’s largest banks, proudly announced a significant move to enhance its presence in omnichannel payment services. ING Bank N.V. had successfully reached an agreement to acquire a 75% stake in Payvision B.V., a Dutch Payment Service
The Pursuit of Justice for Victims of Payvision/ING Since 2019, the European Fund for Retail Investors (EFRI) has championed the cause of over 300 victims, seeking reimbursements from PAYVISION, a wholly-owned subsidiary of ING, one of Europe’s leading banks. PAYVISION, akin to WIRECARD, facilitated numerous cyber trading platforms, acting as
Cybercrime has become a threat to our society! Recent data reveals an alarming rise in cybercrime, posing a significant threat to our global society. A comprehensive study conducted by the renowned digital industry association Bitkom, underscores the gravity of the situation. It indicates that cyberattacks, often linked to organized crime
