An essential part of the U.S. indictment against Gery SHALON and his friends in the USA is the operation of an illegal payment processing schemes for their own and other criminal activities. The indictment mentions IDPay and
Vladislav SMIRNOV aka Vladislav KHOKHOLKOV is listed by Spamhaus as “BadCow” and is regarded as one of the leading spammers on this planet. He is said to have been a partner of the top hacker Leo KUVAYEV, who has now been convicted and imprisoned in Russia. KHOKHOLKOV is a real cybercrime veteran with a long track record. He allegedly was already involved in another SPAM Gang in the US some 15 years ago on KUVAYEV’s side.
After Gery SHALON’s the arrest Vladislav KHOKHOLKOV changed his name and now appears as Vladislav SMIRNOV. He is considered the top guy for illegal payment systems in the Russian-Israeli cybercrime scene. In recent years, SMIRNOV has been involved as PSP in the worldwide fraud around the binary options. He co-founded DreamsPay Technology s.r.o. in the Czech Republic and, via OLDYPAK CAPITAL LLP, is the majority shareholder of the Bulgarian broker software provider TRADOLOGIC. The latter was one of the leading binary platforms and according to TRADOLOGIS‘s own statements had 240 white label solutions with more than USD 700 million trading volume. Given this publicly recorded activities of “Vlad” SMIRNOV, one may suggest that he is a main actor in the binary option fraud industry.
Vladislav SMIRNOV is apparently the last piece of the JP MORGAN puzzle that the U.S. authorities have put together in recent years. And after completion of this puzzle one can clearly see that the stock manipulation system of Gery SHALON for the years 2012 to 2014 has been seamlessly transformed into the now illegal system of binary options. Investor manipulation as a business principle has remained the same.