We have formally filed a Woo (Open Government) request with De Nederlandsche Bank (DNB) to disclose the 2020 on-site inspection report on Payvision B.V.—plus its attachments, the 2019/2020 Kroll compliance review, and the criminal complaint DNB filed regarding Payvision. Victims have waited long enough. Redact what you must; disclose what
Payvision B.V./Rudolf 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
For over four years, we have meticulously examined criminal files to decipher the operations of Barak and Lenhoff´s criminal organisation and the involvement of Payment Service Providers (PSPs) in these schemes. In recent months, as we collected information for the ongoing civil proceedings against Payvision and Deutsche Bank, we have
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
UNZER’s Acquisition and the Role of Clearhaus A/S and KBH in Online Fraud. As of January 21, 2021, UNZER (formerly Heidelpay) announced its acquisition of two Danish payment companies: Clearhaus A/S, an acquiring company and payment institution regulated by the Danish FSA, and QuickPay, based in Aarhus, Denmark. This transaction
It became a modern trend in the financial sector that each organization likes to provide sophisticated wordings about the importance of sustainable finance and the application of Environmental, Social, and Governance (ESG) criteria in their day-to-day business and asset allocation. Above all big banks and financial institutions heavily publish about
EFRI, an association based in Vienna, Austria, set up in spring 2020, by now represents more than 1,052 European consumers who were defrauded by cybercriminals. As of writing the victims lost over EUR 59.2 million in the form of investment scams also referred to as boiler room scams. HSBC, one
In preparing the civil legal claims against PAYVISION B.V., we dig deeply into the criminal files for Option888 and the Wolf of Sofia. We learn a lot about how these fraudulent schemes work. In addition, we also know a lot about the enablers of these enormous fraudulent activities. Unscrupulous regulated
