Payvision settlement agreement

Booker and Cheng`s plea agreement with the Dutch prosecutor!

On April 5, 2024, the Dutch Prosecutor announced that the criminal charges against Payvision´s board members were settled out of court. Booker and his collegue Cheng Liem Li pleaded guilty to have (2016 – April 2020) structurally and for many years violated the European money laundering rules and accepted fines

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GPay contract

Was Payvision an accomplice to the scammers?

For over four years, we have meticulously examined criminal files to decipher the operations of Barak and Lenhoff´s criminal organization 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

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Investigation Houston

Did ING and PAYVISION partner in crime?

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

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Letter to EBA

DNB´s strange non-disclosure approach for the Payvision case

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

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Summary about our findings for the Payvision case!

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

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HI KUMPEL

Booker doing a Post-Processing-Due-Diligence!

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

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WArning issued by FCA

Mass of public warnings and Payvision ignored them all !

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

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Money flow in the card systems

Why do scammers need to work with card companies!

The only purpose of doing scams is to get hold of victims’ money.   With the “Follow the Money” approach becoming a well-known investigation tool for the prosecutors, opaqueness, and complexity in structuring the money flow from the victims to the scammers are critical for cybercriminals.  The more opaque and

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brands processed by payvision

Payvision´s cooperation with Gal Barak and Uwe Lenhoff!

The cooperation of Payvision B.V., a Dutch supervised Payment Service provider, with the cybercriminals Gal Barak, Uwe Lenhoff, and his accomplices (Gery Shalon, Vlad Smirnov, and others) began in 2013. The cooperation ended at the end of January 2019 with the arrest of Gal Barak and Uwe Lenhoff. When reading

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Option888

Dutch Legal Action against Payvision BV started!

Around 300 victims from all over Europe,  coordinated and supported by EFRI, have been requesting restitution payments for their losses since they learned about the reckless and willful involvement of Payvision in Barak and Lenhoff´s online scams. Legal claims in Austria and Germany are already pending. Additionally, a larger group

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