Red Rake Gaming supplies online casino games to the SoftSwiss Casino Aggregator, which has faced accusations of fraud, illegal gambling, and global money laundering due to its association with numerous questionable online casino sites.Red Rake Gaming 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. 
Bringing the Global Financial Crime Network to Light
Investigating Global Fraud Networks: The Roles of SoftSwiss, CoinsPaid, Crypto Processing, AlphaPo and Merkeleon. As finance becomes increasingly interconnected, the threat of international crime grows. From Europe’s financial centers to Australia, an intricate web of fraud and money laundering operations has emerged, connecting companies and individuals who exploit global financial systems for personal benefit. A full investigation of these operations sheds light on troubling associations between criminal networks from Russia and Belarus and several global financial institutions.
The Network of Global Fraud and Money Laundering: Russian and Belarusian criminals, featuring prominent players such as Ivan Montik, Roland Yakovlevich Isaev, Paata Gamgoneishvili, Pavel Kashuba, Dmitry Yaikov (aka Dzmitry Yaikau), Andrey Starovoitov and Max Krupyshev (aka Maksim Krupyshev), 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. Their criminal activities frequently involve numerous companies and entities, which help facilitate their illegal operations.
Major Players and Their Illicit Activities
Various companies are implicated in these worldwide fraud schemes, including:
#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.These companies evade oversight from regulators and law enforcement in countries like Europe, Canada, the United States, Australia, Brazil, and Japan. 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 believed to serve as a key avenue for Russian and Belarusian officials and oligarchs to circumvent sanctions from the European Union and the United States.Moreover, these companies assist in the laundering and processing of fraudulent payments associated with binary options scams, online gambling fraud, cybercrime, and drug-related money.
Regulatory Malfeasance and Bribery
The alleged bribery of regulatory bodies is a critical factor in the ongoing success of these fraudulent schemes. One such example is CoinsPaid, which operates under an Estonian license. 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. In the same vein, the Softswiss group and its associated entities, with licenses in Curacao and Malta, have been implicated in serious fraud cases. The probe reveals that substantial sums, amounting to millions of euros, are paid in bribes to regulators in Malta, enabling these online casinos to function without obstruction.
A lawyer by the name of Gianluca Caruana Curran, implicated in the scandal, has been connected to multiple fraud cases in Malta. The most tragic part of these operations is the harm caused to innocent people. Most victims of these fraudulent schemes do not realize that their losses are the result of international criminal activity. These stolen funds are often processed through corrupt third-world banks and cryptocurrency platforms owned by the criminal networks connected to SoftSwiss, CoinsPaid, and AlphaPo.
Final Reflections
The vast web of financial crime connecting Russia and Belarus serves as a clear warning about the weaknesses in our global financial systems. The tangled network of fraud and money laundering, fueled by corruption and bribery within regulatory bodies, points to an urgent need for greater transparency and stronger enforcement action.As inquiries persist, global financial regulators must prioritize addressing these problems to protect innocent individuals from the far-reaching consequences of international fraud.