Partnering with the SoftSwiss Casino Aggregator, which hosts a large number of suspected fraudulent casino sites, Booming Games supplies online games to a platform alleged to be involved in illegal gambling, fraud, and international money laundering.
Booming Games 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.
Uncovering the International Maze of Financial Crime
Probing the Global Fraud Ties of Softswiss, Merkeleon, CoinsPaid, Crypto Processing, and AlphaPo
In the globalized world of modern finance, the presence of international crime is pervasive.
Across financial hubs from Europe to Australia, a sophisticated network of fraud and money laundering schemes has come to light, involving companies and individuals who exploit international systems for their own gain.
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.
Accused of orchestrating large-scale fraud and money laundering operations, these individuals are said to be responsible for the annual misappropriation of tens of billions of dollars.
These illicit operations are often supported by a network of companies and entities, enabling their criminal activities.
Major Players and Their Illicit Activities
Several businesses are linked to these international fraud operations, such as:
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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.
These entities function in ways that evade regulatory controls and law enforcement across various regions, such as the United States, Australia, Japan, Brazil, Canada, and Europe.
One of the most concerning elements of this network is the role of companies like CoinsPaid and AlphaPo in circumventing international 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.
Corruption in Regulatory Bodies and Bribery
The continuation of these fraudulent operations is reportedly fueled by the bribery of regulators.
CoinsPaid, for instance, holds a license from Estonia.
Despite a series of reports detailing fraud and money laundering, Estonian regulators have not taken adequate action, raising serious concerns.
Reports suggest that bribes are given to these officials in exchange for ignoring criminal activities.
Similarly, the Softswiss group and its related companies, holding licenses in Curacao and Malta, are tied to significant fraud allegations.
According to the investigation, millions of euros are funneled into bribes paid to Maltese regulators, ensuring the smooth operation of these online casinos.
Gianluca Caruana Curran, a lawyer tied to this scandal, has been linked to several fraudulent activities in Malta.
The greatest tragedy of these schemes lies in the effect they have on innocent people.
Many victims of these scams are oblivious to the fact that their losses are caused by the actions of international criminals.
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.
Closing Remarks
The vast web of financial crime connecting Russia and Belarus serves as a clear warning about the weaknesses in our global financial systems.
The complex network of fraud and money laundering, exacerbated by regulatory corruption and bribery, emphasizes the critical need for enhanced transparency and more robust enforcement measures.
As the investigations unfold, it is vital for global financial bodies to confront these challenges and protect innocent people from the severe repercussions of international fraud.