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Wirecard Connection - what does the murder of Daphne Caruana Galizia have to do with Wirecard?

Long, long ago -The collapse of an ailing system - New Economy Market 

 

Back then, shortly before the beginning of the millennium, anything was possible despite the collapse of the New Economy market. The so-called 4 D printer was already on offer at that time - at this investment blossom the then already attentive observer could only marvel.

Here stood Captain Janeway and the Voyager godfathers.

Anything was possible and organized crime was on the rise. They could place millions in former East Germany, acquire land and buildings after money had been laundered. This required a bank that promised high profits and systematic concealment.

Even the rumour of a digital currency, almost unthinkable at the time, was served.

At the time, infeasible visions of the future were sold as a means of investment.

 

However, Wirecard was a deliberate washing plant for all money from porn, betting and gambling, due to the entanglement between organized crime and politics.

Anyone who asked stupid questions as an investor in those days that were not conducive to the grey eminences who had orchestrated Wirecard as precisely this later excellently functioning concept of various Mafia groups was quickly silenced. Neither by slander nor by threats. Everyone who had experienced this knew there was something fishy about it.

Only no one dared to say anything against the hyper-dynamic Jan Marsalek. It would have been the end of existence.

Later, the connection to the 'Ndrangheta turned out to be more and more obvious, who had collected money all over Europe on the New Economy market - the war chest with various investment firms.

It was not until 2017 that the Italian police intervened when they arrested Francesco Martiradonna, the alleged owner of Centurionbet. Malta suspended Centurionbet's gambling licence. But Centurionbet was just one of the many mailboxes served by Jan Marsalek's system, not Wirecard Bank's. 

Whether it was later Benedetto Bacchi, the head of Phoenix International Ltd, who was arrested in the Palermo region as part of the 2018 "Game Over" anti-mafia operation, Wirecard set up numerous "dead letter boxes" in Gibraltar to provide them for money laundering. For online roulette and poker, companies were set up, located in Main Street or Marinas Bay, shops, consignors and others.

Neither Finance Control nor the later responsible Minister Olaf Scholz can have been unaware of these circumstances. When Gibraltar was no longer sufficient, they turned to other places, the powers-that-be did not want to make it so obvious after all. The letterbox batteries in the British community of Consett and the resulting letterbox companies were part of the concept of Marsalek, who was not too dirty for anything. "Brinken Merchant Incorporation" was just one of dozens of style flowers of the time.

From Gibraltar to Malta- what does the murder of Daphne Caruana Galizia have to do with Wirecard?

More than 20 years ago, the trail already led back from Gibraltar to the tax haven Malta, where it was easy to launder the profits from poker rounds on the Internet and disgusting porn for good. Whether the Mafia had something to do with the later assassination of the journalist Daphne Caruana Galizia because the initiators were swamped with cases, was never to be clarified.

 

The journalist was on her way to describe money laundering in Malta for the Mafia, which could not please Marsalek's backers. By the time the blogger died in a car bomb attack, Marsalek was already steering the fortunes of the corrupt Wirecard money laundering operation through Dubai. Police in Malta arrested a businessman named Yorgen Fenech, who was involved with the Dubai Wirecard empire of gamblers through various channels, as a person of interest in the murder of the journalist.  In the whole list of Marsalek's pseudo-secret activities, silencing opponents also fitted in. 

With lax oversight in Malta and Germany, the trail leads directly to alleged frauds such as Wirecard and Paytah respectively. Like Wirecard Paytah, a brand of MFSA-regulated Phoenix Payments Ltd enabled the fraud in the first place, which involved hundreds if not thousands of EU consumers. Onisac was another example of money laundering. Coincidentally, also in Dubai again.

 

Another Poker round with the Mafia

2001 - In La Línea de la Concepción, the sparrows were whistling from the rooftops. The abandoned casino in Gibraltar had been given a worthy successor in the form of a simple letterbox and a trustee, who made considerably more turnover than the honourable casino in Europa Road. The casino was simply rusting away.

Casino Gibraltar, 2000,kasaan media, 2021

 

There was a rumour going through the offices of the Gibraltar Trustees that was hard to believe when you first heard it. A certain Jan Marsalek had made a deal with Russians and other Mafioso half a year after hiring Wirecard, which was supposed to bring porn and illegal gambling on the internet to the forefront. The money was simply to be laundered through various stations.

Gibraltar was the El Dorado of tax havens in Europe these days. Those who did not ask any questions could go to one of the trusts and have the money laundered there, which they were now supposed to legally reintroduce into the economic cycle. The diversions followed a certain pattern, ending in the enclave in front of locked doors or cleared out abandoned offices.

Trustee of the Wirecard, 2002,kasaan media, 2021

But that's not all - traces from Marbella, neighbouring Gibraltar, already led to the South of France at the beginning of the millennium and would have made the Wirecard scandal impossible if those responsible had taken an interest. But nobody really wanted that, the natural antipodes of organized crime and politics were too intertwined.

 

Marsalek's invisible trail

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Update: Strange leads to Gibraltar - Wirecard involved in money laundering in international narcotic deals?

Money laundering professionals at work?

 

Again, the trail leads to Gibraltar through many mistakes and confusion of whole mailbox batteries.

Did the managers of Wirecard prepare the money laundering of the international narcotic trade and the darknet for different crypto-currencies?

Did Wirecard already launder money for the international drug mafia via the Dubai branch?

Oliver Bellenhaus, who seems to be involved in a whole network of unrelated companies via various British firms (we reported) could provide excellent information on this. After he arrived in the Federal Republic of Germany, he too is in custody on remand. In 2010 and 2015, Wirecard came under investigation by the Munich public prosecutor's office on suspicion of money laundering. Nothing happened of it.

 Now, however, things look different.

The US authorities are currently accusing Ruben W. of having installed fake sites via such a "complex network" of letterbox companies and online payment service providers and of having found a way to sell marijuana illegally in violation of the SAFE BANK Act throughout the United States, as reported by the Wall Street Journal. 

When Ruben W., who lived in Luxembourg, was arrested and people close to Wirecard tried to get the fallen star of the Californian marijuana scene out on bail, numerous institutions listened carefully. Once again, the traces lead to well-known trusts in Gibraltar, as one can hear from the scene.

 

Various investigators are currently investigating the question in the USA, Singapore and the Philippines.

 

End of a time travel

Now the Management Board of Wirecard must have decided to file for insolvency proceedings given the threat of insolvency. No journalist can see through Wirecard’s corporate network, which is designed like a bulwark, and no one can say what happened on the Philippines, in Singapore and Dubai’s letterbox batteries. 

Investors are amazed at the rapid decline in the price of the shares, which allegedly arrived at Zero. Billions in assets have been burned. The Bank of America lowered its outlook to $1 per share, which would mean that the stock would soon reach the penny-stock range. However, the stock isn’t worth that much more. EY, as an auditor, assumes that Wirecard was involved in large-scale fraud. The brutal and partly inhuman suppression of investigative journalism towards the Financial Times by the German BaFin speaks volumes about the understanding of subjecting Wirecard to state control. The despicable lucre justified every transaction that was supposed to make investors richer. It did not matter whether Rami El Obeidi, the “secret service chief” of the Libyan National Transitional Council after Gaddafi was involved in strange financial flows. In this context, it became known that Wirecard also started to spy on critics. 

According to information from several agencies, Jan Marsalek, who is now wanted with an arrest warrant, intends to turn himself into the authorities in Munich. Marsalek is also speculating on a deal with the public prosecutor’s office to escape a possibly long period of detention. Meanwhile, Marsalek, who acts as a phantom, is said to be in China. 

 

Watching with history

Meanwhile, the omissions of recent years are becoming increasingly evident. It is impossible to explain to any of the investors why no action was taken when the connection to Wirecard became apparent in 2017 in the “Paradise Papers”. Even back then, it was all about illegal online casinos, offshore gambling providers and the trail into the darkest corners of the Internet. In 2008, Markus Braun had to vehemently advocate that the balance sheets were in order, as rumours were growing that something was wrong with the Aschheim-based company.

 

Wirecard was the brutal, unbridled capitalism of the dotcom awakening, which was able to make the most of financial slaves such as Gibraltar and Andorra or Liechtenstein. Wirecard developed into an economic system within the financial apparatus. In the beginning, it was only about the billing of pornography, which was downloadable in 1999, and the beginning of online gaming, which boomed from the end of 2004. In the streets of Gibraltar, the company founders and trustees recommended Wirecard as a solution for any profit maximization. 

It was no secret that falsely registered prepaid credit cards from gas stations were also used for criminal business. Wirecard did not care about this fact. Thus, bundles of cards loaded with 100 euros from the gas station could be used for transactions that made Wirecard rich. 

 

Those who spoke against this were quickly brought into Wirecard’s reality, into a vacuum without laws. That was tolerated. Or those that the former KPMG manager Markus Braun had made his own. Big questions about where the investment of the foundation of the DAX group came from were wiped away or suppressed. Nobody had anything to want. Over the months and the following years, many journalists realized that money had been provided for the initial business from gloomy sources. 

Since then, twelve long years have passed. Nothing happened, at some point, the scene calmed down. The trail already led to Gibraltar. Braun was able to wipe away the pressure that was weighing on him in 2008 with a memorable interview.

But now it looks different.

However, one wonders how it could have come to the point where the prepaid card broker Wirecard was able to lead Commerzbank and Landesbank Baden-Württemberg (LBBW), the Dutch ABN Amro and the Dutch ING by the nose. In this context, Wirecard today looks like any other pyramid game.

 

Questions about questions remain

Have funds been laundered via cryptocurrencies from offshore paradises?

Also, Crypto.com, where you could allegedly pay your credit card bill with Bitcoin, as well as TenX, will have big problems. 

We remember that the trail of Julian Hop’s TenX led to the trustee densely populated mailbox paradise at the southern tip of Spain: In early 2018, the company WaveCrest, which managed the VISA license in Gibraltar, collapsed. TenX was without a permit. What ultimately led to a cooperation with Wirecard is not clear.

 

 It is unusual in this context that the first official measures against Wirecard were taken in Singapore. People did not sleep there.

Here, too, the question remains, was money laundering carried out via BitCoins and the celebrated BitCoin card trick?

Why the people of Aschheim embellished, their balance sheets can only be explained by money laundering. Wirecard was a Trojan horse without reins.

 

Jan Marsalek is wanted

 

Marsalek was Braun’s “right hand” and is currently supposed to be in the Philippines. Unfortunately, nobody could be reached at the Wirecard press office. Whether Marsalek is the mastermind behind the countless forged documents can neither be denied nor affirmed.

At least Jan Marsalek or a trace of him is being sought there. Even the Minister of Justice of the Philippines commented on this; apparently, Wirecard has been declared a matter for the boss.

The Philippine Minister of Justice Menardo Guevarra stated that he had commissioned the authorities to investigate. The Southeast Asian state does not have an extradition agreement with the Federal Republic of Germany, which would possibly mean that Jan Marsalek would be exposed to the justice of the Duterte dictatorship. In a country in which human life counts for less than the whims of a dictator, Marsalek would be well advised to return to Germany and provide the authorities with information about the Wirecard Bank’s involvement.

 

What a coincidence to think that the busy family law expert Mark Tolentino is about to get new bank statements. Marsalek had already entered the country once in March for two days and is now back there. The Philippine authorities are also investigating the bank and are probably looking for the billions in the dictator Duterte’s empire. The Philippine Central Bank stated that the missing funds could not be found in the country’s financial system.

As the Board of Directors of the Philippine banks in Manila told the Manila Times, neither BDO Unibank Inc. (BDO) nor the Bank of the Philippines Islands (BPI) did not find the missing billions, whose name was only used to cover the traces, Governor Diokno said. It remains to be seen whether one can believe that. Another simple question is whether accounts of real customers were falsified to use their names for money laundering. In this context, the air bookings researched by the British “Financial Times”, which Wirecard is said to have carried out to make sales look higher, are said to have given a boost. These bookings were directed through various points. 

 

Thrillers in Manila and Singapore

 

Diokno added: “The head of the Central Bank noted that both banks had informed Ernst & Young, Wirecard’s external auditor, that the documents confirming the existence of the alleged funds were ‘false’.

He went on to say, according to the Manila Times:

“The document claiming the existence of a Wirecard account at BDO is a forged document and contains forged signatures of bank employees,” BDO said in a statement released over the weekend. And: “Your external auditor has presented us with a document claiming that they are customers. We have established that the document is false. We are continuing to investigate the matter. “

Meanwhile, the Straights Times in Singapore reports that it learned from an unspecified source, through the Reuters news agency, “that Wirecard is also considering selling or closing parts of its business, but that the creditor banks are not interested in an emergency sale, especially since litigation could deter buyers. Besides, Straights Times business editor Choo Yun Ting explained that the Singaporean public prosecutor’s office announced in March last year that eight Wirecard subsidiaries were under investigation as part of a criminal investigation for alleged counterfeiting, falsified documents, money laundering and the release of funds to support false transactions believed to have taken place between 2014 and 2018. Roundtripping involves the falsification of turnover and profit by sending money to a third party who then uses it to buy goods and services from the sender under the pretext of a genuine trade”.

Again, in connection with gambling and options, a programme of effective money laundering has been developed.

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Wirecard - the biggest German bank scandal since Herstatt Bank, 1974

It is urgently necessary that the German BaFin prohibits Wirecard from doing any further business.

Former CFO Braun was arrested on suspicion of falsification of financial statements. On Monday evening he surrendered to the authorities in Munich after he learned that the Public Prosecutor's Office 1 in the Bavarian capital had applied for an arrest warrant against him that morning.  

Now, after the Herstatt Bank, 1974, one of the biggest financial scandals in German post-war history is unfolding.

If it is not the biggest, questions remain as to how it could be that a country like the Philippines could be involved in financial transactions of this magnitude, which maintains death squads and has killed thousands of innocent people as drug dealers and others.

 

Dictators and the Mafia

 

Currently, the busy corporate lawyer Mark Tolentino does not appear to be in Makati City. The former minister under the pseudo-ruler Duterte with a penchant for quick and plentiful executions had disappeared without a trace. Duterte had fired him some months ago. Where to go or with whose money, that is not yet clear. Meanwhile, he let it be known that he wanted to get new bank statements. 
Whether the dubious family lawyer is even able to prove the whereabouts of the money is not clear either.

In the streets of Andorra, people had known about the highly functional money-laundering opportunity Wirecard for a long time. In the alleys of Gibraltar, too, they had been aware of the convenient way of circumventing any laws against money laundering for many years.

There was the Banc de Binary, a dubious option company that promised daily increasing profits, and online casinos that gave Wirecard as an insider tip on money laundering. Some customers even claimed that it was only through Wirecard that they became victims of the machinations of Banc de Binary in the first place.

Thus, transactions with high returns, i.e. the purchase of non-existent goods with dirty money, became the hobby horse of many ex-brokers on the grey market. The linchpin -Wirecard. In February 2020, EFRI filed criminal charges against Banc de Binary for money laundering in more than 700 cases in connection with Wirecard. This seemed to be a marginal note these days. From here, traces reach as far as Cyprus.

 

Whiter than credit cards from a petrol station only Ariel washes

The shareholders of Wirecard Solution Ltd. are caught up in a complicated web of companies, mailbox and offshore solutions, apparently steered by Newcastle Upon Tyne.  How this escaped the German supervisory authority is a complete mystery. And this mystery will be even more challenging to solve than to search and find the missing billions.

Thus, among the directors of the English Wirecard group, another connection to the investment half-world emerges Thomas Michael, Richard Jennings. He owns Yar Ltd Afton Manor, Freshwater, Isle Of Wight, PO40 9TW. Behind this façade is supposed to be a consulting company, which was founded on February 14, 2002. A stately home is revealed under the address, which could have originated from a  heartache literature effusion—the ideal world of financiers and consultants.

It soon became evident through a lawyer specialising in commercial law, Jesse Douglas & Aaskells Solicitors, Room 1 Sigma Business Center, Harrow, Middlesex, HA1 1LJ, whose client had been advised to use a bank account issued by 'Wirecard Card Solutions Ltd' and operated by another company called 'Marq Millions Ltd', that something was rotten with the German start-up. That was 2018.

But who is Marq Millions Ltd.?

Wirecard Ltd.'s operations in Singapore, 2019, were tainted with announcements and the high art of forgery and deception. During the authorities' investigation of the Singapore office of the online payment service provider, the local police had found evidence pointing to "serious counterfeiting and fake accounts". As written, 2019, not last week when the family rights activist with a penchant for dictators was sought on the Philippines. Now Wirecard applied for a license in Singapore to continue the business. 

 

Mailboxes, offshore companies and money laundering facilities are said to have been the actual core business of the Aschheim-based company. One is astonished that this business was doing well for so long. Card Systems Middle East, based in Dubai, was just one of the strange business partners of the Aschheim start-up friends. In 2019, Bellenhaus still refused to reveal the identity of Al Alam Solutions FZ LLC. in Dubai, which was later closed due to damage to its reputation. The greed of the Wirecard people was unbearable. Years ago, one could already read in several forums that money disappeared without a trace and never reappeared. This issue seemed to be part of Wirecard's business model. 

At the time, the public prosecutor's office in Munich did not see any evidence for investigations.  

Part 2 Frayed Business

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