It’s like the best days of binary options. Back then, big binary options companies like Israel’s Yukom were known for giving their employees new cars, preferably BMWs. Incidentally, Yukom’s CEO, Lee Elbaz, was sentenced to 28 years in prison in the US for investment fraud.
Now the high risk provider industry is likely to do the same.
During Payabl’s Christmas party, CEO Ugne Buraciene announced that the company would give a brand new BMW to all employees in Cyprus.
Payabl was founded by former Wirecard executives Rüdiger Trautmann and Dietmar Knoechelmann.
The former PowerCash21 was one of the companies in Wirecard’s shadow organization. It was founded over ten years ago in Germany and Cyprus by former Wirecard CFO Rüdiger Trautmann and former Wirecard Payment Solutions CEO Dietmar Knöchelmann. The company seems to have plenty of money at its disposal. Since 2021, the payment institution regulated by the Central Bank of Cyprus has been operating as Payabl. Like Wirecard, the payment processor focuses on the high-risk segments of porn, gambling and online retail.