Tag: WB21 Group

German public-broadcaster reporting has linked financial entrepreneur Michael Gastauer—known for the WB21/Black Banx storyline—to a large-scale law-enforcement raid in Bavaria. While official details remain scarce, the case raises a hard compliance question: How can globally marketed “banking” narratives, cross-border payment claims, and opaque structures persist without transparent supervisory answers?

German prosecutors have not yet brought charges against the crypto-fraud scheme OneCoin and its principals, but are now taking action against the German payment processors involved. This is a somewhat strange approach and legally contestable. The public prosecutor's office in Bielefeld has brought charges against three people for money laundering for the OneCoin scam. which is not yet legally binding. German payment processors processed more than €360 million for the OneCoin Ponzi scheme.