Fraud alert:
The international criminal and scammer Pavel Kashuba from Belarus behind coinspaid and alphapo.
The CoinsPaid Scam and money laundering — Episode 3 — Labor laws ? Who cares !
In this third article, we will shed some light on the practices of CoinsPaid regarding labor law in the European Union and elsewhere. Using “remote working” as a tool to attract skilled workers has a cost : increased complexity and additional spendings related to themanagement of human resources spread in various countries. Having to comply with all the local laws is a daunting challenge.
CoinsPaid had a simple answer to that : who cares ! By not respecting most local regulations where their employees are based, CoinsPaid is not only
violating labor laws virtually in every place they have collaborators but are also undermining a fair competition in the industry thus breaking one of the cornerstone principles of the European Union free market. Finally, we will try to understand how CoinsPaid is psychologically abusing political refugees from Belarus and Russia to keep working for them and why an expert we talked to is considering this as simple Human Trafficking.
This series of investigative articles describes how “Dream Finance OÜ”, an Estonia based company doing business as “CoinsPaid” and managed by the Berlin resident, Ukrainian Crypto Influencer, Maksim Krupyshev, is laundering hundreds of millions of euros per year with the help of a pan-european network of Belarussian expatriates, working for offshore and (mostly) illegal gambling sites while hardly respecting local labour and tax regulations.
Each article will delve in one facet of this well structured criminal endeavour and explain the role of each key character spanning from an old French female aristocrat living in Tallinn and dealing with the company’s public relations to a mythomaniac Belarusian tennis fan based in Cyprus heading the finance department. We will also try to understand why the Estonian authorities, who are well aware of the activities conducted by CoinsPaid, are remaining
passive.