Tag: ChargeBack

Former Wirecard Asia director Brigitte Häuser-Axtner, a G.erman national wanted by prosecutors in Germany, has been arrested in Singapore under an extradition request. Her arrest is part of Operation “Chargeback”, a Europol-coordinated action against three fraud and money-laundering networks that allegedly abused the card data of more than 4.3 million victims in 193 countries

The UK Financial Conduct Authority (FCA) has issued a renewed warning against Pay Back, a/k/a Money Back fund recovery scheme. This scheme, which operates out of Israel, has been blacklisted by FinTelegram due to its deceptive practices. Despite posing as a legitimate recovery service, Pay Back has been exploiting scam victims by promising to recover their lost funds for an upfront fee.

The Israeli fund recovery scheme, Pay Back, a/k/a Money Back, has been black-listed by FinTelegram following detailed investigations. Operating for years under various brands, domains, and websites, this scheme has been exploiting the vulnerabilities of scam victims under the guise of offering them a chance to recover their lost funds. The UK FCA issued an updated warning against the scheme, which acts as a clone of an FCA-regulated entity.