Siem Eikelenboom of the Dutch online financial magazine Follow The Money (FTM) has recently published a comprehensive report on the activities of the Dutch ING Bank and its subsidiary Payvision. The report refers in detail to the research results of FinTelegram and also to the criminal act around Uwe Lenhoff and Gal Barak.
The investigative journalists of FTM confronted the board of directors of ING Bank and Rudolf Booker, CEO of ING subsidiary Payvision, with a number of questions. These people were apparently caught on the wrong foot because Booker’s answer about the duration of Payvision‘s business relationship with Lenhoff and Barak is definitely wrong.
As FinTelegram has shown on several occasions on the basis of verified bank documents, the last million-euro transfers to Lenhoff and Barak were made by the end of 2018. Only a few days or weeks later both were arrested. Booker, on the other hand, had claimed that he had ceased his activities in this area with the ban on binary options by the European Financial Market Supervisory Authority (ESMA) on March 27, 2018. Ouch, that hurts.
In addition, various financial market supervisory authorities have been issuing regular warnings against Payvision’s customers since 2017. Payvision, must therefore, have been aware since the beginning of 2017, based on the legally required KYC/AML audits, that there were investor warnings and cease and desist orders against the companies and brands of Lenhoff and Barak.
FinTelegram can promise even more information on this extensive financial crime case in the near future.