Crypto assets, hailed as a remarkable innovation, have become a perfect vehicle for fraud. Crypto assets opened the door to a shockingly high level of fraud. The lack of regulatory oversight about crypto assets contributes to the issue. Crypto assets have a different status in different jurisdictions. Even with recovery
On a daily basis we get emails from victims asking for advice wether to engage a lawyer for the recovery of their stolen funds. We have worked with lawyers from all over Europe during the past four years, so we are probably really the best point to get advice on
Ruthlessness reaches a new high! Despite being aware of ongoing criminal proceedings for culpable money laundering, despite pledging to the Dutch prosecutor to try hard to remedy compliance shortcomings (under the oversight of DNB), and despite being very well aware of the dirty kind of business PAYVISION was in, ING
Payvision BV, a 100% entity of ING Bank NV (one of the biggest bank in Europe) was identified by the Austrian law enforcement agency as being the main payment processor for a vast criminal organization headed by Gal Barak, Gery Shalon, Uwe Lenhoff and others. Payvision willfully, and ruthlessley violated
Over the past four years, we have communicated with hundreds of victims of online trading scams. We’ve analyzed 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 had successfully reached an agreement to acquire a 75% stake in Payvision, a Dutch Payment Service Provider. The acquisition
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
EFRI is the abbreviation for European Funds Recovery Initiative. The legal entity behind this Initiative is a not-for-profit organisation (EFRI-Association) registered in Vienna, Austria. Here you can Read More ABOUT US.
