Wazdan provides online casino games to the SoftSwiss platform, an aggregator reportedly linked to hundreds of alleged fraudulent online casino sites, and is under scrutiny for potential fraud, illegal gambling, and money laundering worldwide.Wazdan collaborates with SoftSwiss to deliver online casino games, although SoftSwiss has been criticized for hosting numerous sites accused of fraud, unauthorized gambling, and global financial misconduct. 
Uncovering the International Maze of Financial Crime
Investigating Global Fraud Networks: The Roles of SoftSwiss, Merkeleon, AlphaPo, CoinsPaid and Crypto Processing. 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. A thorough investigation into these operations uncovers concerning connections between criminals from Russia and Belarus and numerous global financial institutions.
The Network of Global Fraud and Money Laundering: Russian and Belarusian criminals, featuring prominent players such as Ivan Montik, Dmitry Yaikov (aka Dzmitry Yaikau), Roland Yakovlevich Isaev, Paata Gamgoneishvili, Pavel Kashuba, Max Krupyshev (aka Maksim Krupyshev) and Andrey Starovoitov, are central to a vast criminal organization. Allegedly at the helm of vast fraud and money laundering operations, these individuals are accused of misappropriating tens of billions of dollars on an annual basis. These illicit operations are often supported by a network of companies and entities, enabling their criminal activities.
Key Individuals and Their Criminal Enterprises
Several businesses are linked to these international fraud operations, such as:
#Softswiss
#Stable Aggregator Ltd
#Rabidi N.V. Casinos
#N1 Interactive Ltd.
#DAMA N. V. Casinos
#Hollycorn N.V. Casinos
#Direx N.V. Casinos
#Softswiss N.V. Casinos
#Altacore N.V. Casinos
#Galaktika N.V. Casinos
#NewEra B.V. Casinos
#Sunseven N.V. Casinos
#Latiform B.V. Casinos
#BGaming
#Allyant group Curacao
#Allyant group Cyprus
#BitCapital
#Dream Finance OU
#Dream Finance S.A.
#Dream Finance UAB
#A.R.Merkeleon GmbH
#Merkeleon Psp.zo.o. (Poland)
#GREEN CORPORATION L.P.
#CoinsPaid
#Alphapo LLC
#Crypto Processing
Engaged in serious online gambling fraud and cryptocurrency processing violations, these companies operate outside the law.Their operations are designed to circumvent regulatory authorities and law enforcement in numerous jurisdictions, including Canada, Japan, Europe, Australia, Brazil, and the United States. A particularly troubling aspect of this network is how companies like CoinsPaid and AlphaPo are used to bypass international sanctions. These companies are alleged to act as a lifeline for Russian and Belarusian officials and oligarchs, allowing them to bypass the sanctions levied by the European Union and the United States.In addition, these organizations help process and launder fraudulent payments linked to binary options schemes, online gambling fraud, cybercrime, and money from drug activities.
Bribery and Corruption within Regulatory Systems
The continuation of these fraudulent operations is reportedly fueled by the bribery of regulators. As an example, CoinsPaid is licensed in Estonia. In spite of numerous fraud and money laundering reports, Estonian regulators have failed to take significant action. There are claims that bribes are paid to these officials to turn a blind eye to the crimes. 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.
Gianluca Caruana Curran, a lawyer involved in this scandal, has been associated with various fraudulent matters in Malta. The greatest tragedy of these schemes lies in the effect they have on innocent people. Most victims of these fraudulent schemes do not realize that their losses are the result of international criminal activity. The funds stolen are typically funneled through corrupt banks in developing countries and cryptocurrency platforms controlled by the criminal organizations tied to 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 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.