Tag: Fondy

The Ukrainian fintech group Fondy raises a difficult compliance question. In the UK, Fondy Ltd is an FCA-authorised EMI with minimal reported turnover and repeated losses. In Austria, its ultimate parent V & A Holding GmbH entered insolvency in Feb 2026. Valeriia Vahorovska and Ronny Pecik are its shareholders. In Ukraine, the NBU cancelled the participation of LLC FC “Alliance”, operating under the Fondy brand, in Visa and Mastercard payment systems after receiving documented information indicating national-security risks.

The Israeli Gal Barak was sentenced to four years in prison in the Vienna Cybercrime Trials ("#VCT"). The court ordered that the seized funds and assets be used for restitution payments to the victims. Currently, this is a few million and thus only a fraction of the stolen funds. Millions of the Gal Barak's scams were processed via the Austrian-Ukraine payment processor Fondy, which is controlled by the former head of the Vienna Stock Exchange Stefan Zapotocky.

The EFRI PSP Class Action Campaign seems to have an impact already. EFRI and FinTelegram teams are talking to...

Since 2017, cryptocurrencies have been used by scam artists and fraudsters as a way out of the increasingly restrictive...