Pay Back fund recovery scam

Fund Recovery – A Financial Ombudsman reports scams

The Israeli fund recovery service Pay Back a/k/a PayBack a/k/a Money Back are owned by Amir Geva and Daniel Poleb. They ask victims for several thousand euros or dollars down payment and, in addition, profit sharing. In many cases, it would be easier for victims to go directly to the relevant financial ombudsman and reclaim the money from the facilitating bank. Here is a report.

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ICO Legacy – U.S. SEC Obtains Final Judgment Against Kik and settles with $5 Mio fine

The U.S. SEC announced that a federal district court has entered a final judgment on consent against Kik Interactive Inc. (“Kik”) to resolve the SEC’s charges that Kik’s unregistered offering of digital “Kin” tokens in 2017 violated the federal securities laws. On the legal grounds of this final judgment the court approved a settlement between Canadian Kik and SEC. Under the settlement, Kik will pay a US$5 million penalty.

EFRI charges Payvision with facilitating investment fraud

EFRI charges Payvision with scam facilitation claiming restitution payments

Scam facilitating payment processors are the key for scammers to defraud consumers. The European Funds Recovery Initiative (EFRI) has sent a letter of formal notice to the ING subsidiary Payvision and asked for restitution payments for the victims of scams of the German Uwe Lenhoff, who died in prison. Lenhoff should have been charged with …

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