The Payvision Case – The T1 Payments fraud complaint and the Beyond Wealth MLM scheme
Dutch Payvision is already having headaches with its involvement in scams in Europe. But the high-risk payment processor also had problems in the U.S. and was a co-conspirator of U.S. payment processor T1 Payments in a $4M fraud, according to a lawsuit filed by MLM Beyond Wealth allegations. Payvision quickly settled with Beyond Wealth and bought itself off. In Europe, it probably won't be as easy to settle with money. Payvision will get a place of honor in the scam-facilitating payment processors Hall of Fame.
OSC vs. Cartu Brothers – The latest court order in the binary options fraud case
FinTelegram brought an update yesterday on the Cartu Brothers' case and their problems with regulators U.S. CFTC and the Canadian OSC. Both regulators accuse Canadian-born Israelis David Cartu, Jonathan Cartu, and Joshua Cartu of binary options fraud. On January 26, 2021, after a hearing, the OSC issued a new order with new dates for February 26 and March 25, 2021. At the hearing, only David Cartu was represented by but not his brothers Jonathan and Joshua.
Good news for Payvision – Selina welcomes the disgraced payment processor
The Dutch high-risk payment processor Payvision is deeply involved in the swamp of broker scams around the Vienna Cybercrime Trials. It allegedly wilfully and knowingly facilitated broker fraud and money laundering. The presumption of innocence applies. Today's announcement of a partnership with the global hospitality platform Selina has to be appreciated. The idea is to provide Selina clients with ultimate payment experiences while traveling. Not an easy business model in the COVID-19 pandemic but hello, positive news though.
Follow the Money – Cartu Brothers, Wirecard and GlobalNetInt
GlobalNetInt has for sure no issue with the online gambling business. Gambling is by far their most important high-risk client segment, our sources say.. And then there are the Cartu Brothers. Law enforcement agencies and financial market regulators have been after them for years now. The U.S. CFTC and the Canadian OSC have sued David Cartu, Joshua Cartu and Jonathan Cartu for alleged binary options fraud. They ask for money! The CFTC claims damages of $165M in the process. We learned that the Cartu Brothers companies have their accounts at the Lithuanian GlobalNetInt.
R4I – Cartu Brothers, the GMM binary options fraud, AEGIS Labs, and Kav Sheroot Tech
The Cartu Brothers - David, Jonathan, and Joshua - are very sought after people. They are currently being sued by the U.S. CFTC and Canada's OSC for alleged binary options fraud. The CFTC claims that at least $165M has been stolen from retail investors. The CFTC did not even include all of the Cartu Brothers‘ brands in the complaint. Therefore, it is likely that a multiple of this amount was processed through their GreyMountain Management scheme and other entities. We would like to learn more about AEGIS Labs, Sandbox Media, and Kav Sheroot Tech.
Vienna Cybercrime Trials – Marina Barak trial scheduled for March 15 with a new presiding judge
The Israeli fraudster Gal Barak is currently serving his four-year sentence handed down by the court in early September 2020 in the #VCT proceedings. He was one of the principals of the E&G Bulgaria cybercrime organization and found guilty of investment fraud and money-laundering. The German prosecutor's office also wants to charge him and has requested extradition. The trial against his wife, Marina Barak, is scheduled to start on March 15, 2021.
The Scammers War in Belgrade amidst Vienna Cybercrime Trials
A shooting attack was carried out this morning on Belgrade lawyer Marko Vujosevic. He apparently survived unharmed but badly shocked. Vujosevic was the founder and administrator of Global Payment Solutions Podgorica, which was registered in Montenegro. This was an illegal payment processor for two scammers Uwe Lenhoff and Gal Barak. The latter was sentenced to four years in prison in the Vienna Cybercrime Trials (#VCT). Lenhoff was found dead in his prison cell before the trial began. Previously, Vujosevic had claimed that Gal Barak had issued a murder order against him.
Trinity Files – The U.S Case of Gery Shalon, Vienna Cybercrime Trials, and Russian connections
The Georgian-born Israeli Gery "Gabi" Shalon is arguably the mastermind of the world's largest cybercrime organization, stretching over the U.S., Europe, Russia, Georgia, Israel into Asia. The Israeli accountant Ziv Orenstein was one of Shalon's deputies in the U.S. There, they operated illegal gaming schemes and performed the largest cybercrime attack ever on the U.S. financial industry. While waiting for his U.S. trial Shalon continues to operate his cybercrime ventures.
Breaking News -German prosecutors filed extradition request for cybercrime principal Gal Barak
Gal Barak was sentenced to four years imprisonment and restitution payments for investment fraud and money laundering as a principal of the Bulgarian cybercrime organization E&G Bulgaria in the Vienna Cybercrime Trials (#VCT) opening in early September 2020. It was already clear at the time that other countries would also press charges against Barak if he were found guilty. Barak is currently still in prison in Austria. Germany intends to file charges against him and has sent an extradition request to the Austrian authorities.
Gery Shalon Case – Russian home office hacker Andrei Tyurin sentenced to 12 years prison term
The Russian hacker Andrei Tyurin was sentenced in Manhattan federal court to 144 months in prison for his role in the largest financial hacker attack in US history, which was masterminded and coordinated by the Georgia-born Israeli cybercrime supervillain Gery "Gabi" Shalon. Tyurin has pleaded guilty to the charges and allegedly earned more than $19 Mio for his job. Tyurin controlled hacking activities through a computer infrastructure on five continents from his home office in Moscow.