In recent years, several high-profile cases in the Netherlands have raised questions about whether justice is equally applied to all. From cryptocurrency developers to board members of banks and payment companies, these cases illustrate a troubling trend: wealth and influence may afford certain protections, leading many to wonder if the
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
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 were found to have (2016 – April 2020) structurally and for many years violated the European Know your Customer rules and accepted
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
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
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
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
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
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 the statutes of the not-for-profit organization. Read More
