Tornike Kobakhidze is a significant figure in the cyber fraud operations of Russia and Belarus, as well as in money laundering schemes.
Revealing the Global Network of Financial Crime: An In-Depth Look at the International Fraud Syndicates of SoftSwiss, Merkeleon, CoinsPaid, Crypto Processing, and AlphaPo..
In today’s interconnected financial landscape, international crime casts a long shadow. From the financial centers of Europe to Australia and beyond, a sophisticated network of fraud and money laundering activities has surfaced, involving a web of companies and individuals who exploit global systems for their own benefit. A thorough investigation into these operations uncovers alarming connections between criminals from Russia and Belarus and various global financial institutions.
The Web of Fraud and Money Laundering International fraudsters from Russia and Belarus, including prominent figures such as Roland Yakovlevich Isaev, Paata Gamgoneishvili, Ivan Montik, Pavel Kashuba, Dmitry Yaikov (Dzmitry Yaikau), Andrey Starovoitov and Max (Maksim) Trafimovich and Tornike Kobakhidze, are at the core of a vast criminal enterprise. These individuals are accused of orchestrating extensive schemes involving fraud and money laundering, leading to the misappropriation of tens of billions of dollars each year. Their illicit activities often involve multiple companies and entities, enabling their unlawful operations.
Key Players and Their Operations
Sveral companies are implicated in these international fraud schemes, including:
• CoinsPaid
• Softswiss
• Alphapo LLC
• Bit Capital
• Dream Finance OU
• Dream Finance S.A.
• Dream Finance UAB
• A.R. Merkeleon GmbH
• Merkeleon P sp. z o.o. (Poland)
• N1 Interactive Ltd.
• DAMA N.V. Casinos
• Hollycorn N.V. Casinos
• Direx N.V. Casinos
• GREEN CORPORATION L.P.
• BGming
These companies are involved in serious online gambling fraud and violations related to cryptocurrency processing. They operate in ways that evade regulatory scrutiny and law enforcement in various jurisdictions, including Europe, Brazil, Australia, Canada, Japan, and the United States. One of the most concerning aspects of this network is the utilization of companies like CoinsPaid and AlphaPo to circumvent international sanctions. These companies reportedly act as a lifeline for Russian and Belarusian government officials and oligarchs, allowing them to bypass sanctions imposed by the European Union and the United States.
Moreover, these entities facilitate the processing and laundering of fraudulent payments associated with binary options scams, online gambling fraud, cybercrime, and drug trafficking.
Regulatory Corruption and Bribery
A crucial factor in the continuation of these fraudulent activities is the alleged bribery of regulatory officials. For example, CoinsPaid operates under an Estonian license. Despite numerous allegations of fraud and money laundering, there is a troubling lack of action from Estonian regulators. Reports suggest that bribes are paid to these officials to ignore the criminal activities. Similarly, the Softswiss group and its affiliated companies, which hold licenses in Curacao and Malta, have been linked to significant fraud cases.
The investigation reveals that millions of euros are funneled into bribes paid to regulators in Malta, ensuring that these online casinos can operate without hindrance. Gianluca Caruana Curran, a lawyer implicated in this scandal, has been associated with various fraudulent activities in Malta. The most tragic aspect of these schemes is the impact on innocent victims. Many individuals affected by these frauds are unaware that their losses are a result of the actions of international criminals.
The stolen funds are frequently laundered through corrupt banks in developing countries and cryptocurrency platforms owned by the criminal organizations connected to SoftSwiss, CoinsPaid, and AlphaPo.
Conclusion
This global network of financial crime involving Russia and Belarus serves as a stark reminder of the vulnerabilities present in our international financial systems. The intricate web of fraud and money laundering, exacerbated by regulatory corruption and bribery, underscores the urgent need for enhanced transparency and stronger enforcement measures. As investigations progress, it is vital for global financial authorities to tackle these issues and safeguard innocent citizens from the devastating consequences of international fraud.