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FinTech Review – PayPal challenger Caspero offline and BigWallet remains silent for good! What about Brüc Bond?

FinTelegram has recently published reviews of the promising FinTechs BigWallet and Caspero after our people have been working on these (and other) FinTechs for weeks. Read the Caspero Review here and the BitWallet Review here. Things with these heavily-promoted FinTechs are not getting better, it turns out.

Update TradeSolid and IntegraOption Scam Schemes – More evidence about Payobin involvement

In May 2019 FinTelegram reported for the first time about the TradeSolid binary options scam of the Israelis Chen Malka and Nadav Gover. At that time we presented the background of these large scams in detail and based on carefully reviewed documents. We also reported on the involvement of the payment service provider Payotech Ltd. by Eyal Nachum and Tamir Zoltovski. FinTelegram was accused of slander by both of them. Nachum and Zoltovski and none of their companies would ever have supported a scam. A strange reality given the facts. Here's an update on this still not yet finally closed crime case.

FinTech Review – PayPal challenger Caspero actually doesn’t challenge anybody but itself!

In the course of our FinTech Review series, we looked at the Lithauische Caspero. The company belongs to the FinTech Group of the Israelis Eyal Nachum and Tamir Zoltovski. On the website of Caspero, it is stated that the company acts as an authorized agent of International Fintech UAB licensed by the Bank of Lithuania. Also on the website, one is invited to join the millions who allegedly already use Caspero.

Veltyco Update – Lenhoff’s company announces finalization of Bet90 transaction and plans name change into Bet90 Holdings

Veltyco was responsible for the marketing of the scams and broker frauds and was used for money-laundering. Besides Uwe Lenhoff, his Albanian partner Betim Tasholli is also said to have been arrested as has been Lenhoff's Israeli partner Gal Barak. More than a dozen potential accomplices are currently being investigated by several public prosecutors' offices. Veltyco and Lenhoff have laundered dozens of millions of Euros via German Wirecard and Dutch Payvision, among others. This is the current status of the investigations.

Pradexx – Another dodgy payment processing platform for high-risk business

The number of Israeli FinTechs is obviously going towards infinity. By law, financial service providers are to be the guardians of the global financial system. They have the respective responsibility. Therefore, financial law stipulate that the beneficial owners and managers of financial service providers (a) must be identified and known and (b) must be fit for the financial business. Owners and managers of financial services providers are subject to more stringent requirements and scrutiny. For good reasons. Very few of the FinTech start-ups, however, even meet the minimum regulatory requirements. The Israeli payment processor Pradexx belongs to this category.

Rising FinTech – Reviewing the Naspay and BigWallet group of companies and services

The new FinTechs with their fragmented corporate structures, cross-company services, and multi-jurisdictional approach actually constitute a massive challenge for regulators. In many cases, the only relationship between these differently branded FinTechs and their respective services is their beneficial owner. Today we present our review on the Naspay & BigWallet FinTech group.

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