Betsoft supplies online casino games to the SoftSwiss Casino Aggregator, which has faced accusations of fraud, illegal gambling, and global money laundering due to its association with numerous questionable online casino sites.
Betsoft is fully aware of the serious allegations yet continues its association with the Russian and Belarusian criminal organization backing SoftSwiss Online Casino, making it directly complicit in illegal gambling schemes and money laundering.
Revealing the Global Network of Financial Crime
An In-Depth Exploration of International Fraud Networks: Softswiss, Merkeleon, CoinsPaid, Crypto Processing, and AlphaPo
In today’s interconnected financial landscape, international crime casts a significant shadow.
Stretching from Europe’s financial centers to Australia and beyond, a tangled web of fraud and money laundering has surfaced, entangling a network of companies and individuals who manipulate global systems for personal profit.
An in-depth look at these activities reveals alarming ties between Russian and Belarusian criminals and a wide array of international financial institutions.
The Network of Fraud and Money Laundering: At the center of a complex international criminal web are Russian and Belarusian figures such as Ivan Montik, Pavel Kashuba, Dmitry Yaikov (aka Dzmitry Yaikau), Roland Yakovlevich Isaev, Paata Gamgoneishvili, and Max (Maksym) Krupyshev.
These individuals face allegations of organizing major fraud and money laundering schemes that drain tens of billions of dollars globally each year.
Their criminal activities frequently involve numerous companies and entities, which help facilitate their illegal operations.
Key Individuals and Their Criminal Enterprises
A number of companies are involved in these global fraud schemes, including:
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Softswiss
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Stable Aggregator Ltd
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Rabidi N.V. Casinos
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N1 Interactive Ltd.
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DAMA N. V. Casinos
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Hollycorn N.V. Casinos
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Direx N.V. Casinos
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Softswiss N.V. Casinos
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Altacore N.V. Casinos
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Galaktika N.V. Casinos
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NewEra B.V. Casinos
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Sunseven N.V. Casinos
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Latiform B.V. Casinos
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BGaming
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Allyant group Curacao
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Allyant group Cyprus
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BitCapital
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Dream Finance OU
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Dream Finance S.A.
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Dream Finance UAB
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A.R.Merkeleon GmbH
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Merkeleon Psp.zo.o. (Poland)
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GREEN CORPORATION L.P.
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CoinsPaid
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Alphapo LLC
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Crypto Processing
These firms participate in significant online gambling scams and breaches in cryptocurrency processing.
They operate by bypassing regulatory oversight and law enforcement in multiple jurisdictions, including the United States, Japan, Europe, Australia, Brazil, and Canada.
A major red flag within this network is the involvement of companies like CoinsPaid and AlphaPo in evading global sanctions.
These companies are said to act as a crucial lifeline for Russian and Belarusian officials and oligarchs, helping them evade sanctions imposed by the European Union and the United States.
Furthermore, these companies facilitate the handling and laundering of fraudulent payments tied to binary options scams, online gambling fraud, cybercrime, and drug trafficking funds.
Bribery and Corruption within Regulatory Systems
A key factor in sustaining these fraudulent activities is the alleged bribery of regulatory officials.
For example, CoinsPaid operates with an Estonian license.
In spite of numerous fraud and money laundering reports, Estonian regulators have failed to take significant action.
Reports suggest that bribes are given to these officials in exchange for ignoring criminal activities.
Likewise, the SoftSwiss group and its affiliated companies, licensed in Curacao and Malta, have been connected to major fraud cases.
According to the investigation, millions of euros are funneled into bribes paid to Maltese regulators, ensuring the smooth operation of these online casinos.
The lawyer Gianluca Caruana Curran, implicated in this scandal, has connections to numerous fraudulent schemes in Malta.
The most heartbreaking aspect of these schemes is the toll they take on innocent individuals.
Most victims of these fraudulent schemes do not realize that their losses are the result of international criminal activity.
Often, the stolen money is laundered via corrupt banks in third-world nations and cryptocurrency platforms owned by the criminal groups associated with SoftSwiss, CoinsPaid, and AlphaPo.
Final Thoughts
This global network of financial crime, involving the Russian Federation and Belarus, highlights the significant vulnerabilities in our international financial systems.
This intricate web of fraud and money laundering, combined with regulatory corruption and bribery, underscores the pressing need for greater transparency and stronger enforcement systems.
As investigations progress, it is essential for global financial regulators to tackle these issues and safeguard innocent citizens from the destructive consequences of international fraud.