Ruchi Rathor is a Money Laundering Scammer?

Ruchi Rathor is a woman who runs a company that receives many complaints and bad reviews. But why is this the case? She has a bogus story like that to support it. To learn more about it, let’s approach it closer:

Who is Ruchi Rathor?

Ruchi Rathor, a British national with Indian ancestry, is a well-known businesswoman in the payments industry. She was a founding member and the brains of the defunct iPayTotal, which vanished along with millions of its businesses.

Over the past few years, whistleblowers have repeatedly revealed to us that Rathor and her staff create fictitious LinkedIn profiles to appear trustworthy. On her LinkedIn profile, she presents herself as a founder, investor, and strong woman in the payments industry, frequently updating her page.

A screenshot of her February 2022 LinkedIn profile reveals that she identified herself as the creator of iPayTotal, Payomatix, and CryptoMatix. iPayTotal and CryptoMatix were later removed from her LinkedIn profile.

Those who were once associated with the defunct high-risk payment processor iPayTotal appear to have established a substantial network of successor businesses. 

OctaPay was initially a successor but has now disappeared once more. iPayTotal co-founder Ruchi Rathor, an Indian-British, is currently connected to Paypound, Payomatix, and the cryptocurrency payment processors Cryptomatix and Kryptova. 

iPayTotal operates as a financial software supplier through businesses in Portugal and India. Ruchi Rathor is still driving these high-risk payment projects with strong linkages to Africa.

Key Data

African financial service providers are closely partnered with Ruchi Rathor and her Indian business partners, Anurag Pratap Singh and Anirudh Pratap Singh Rathor. They carry out their operations through legal entities registered in a wide range of jurisdictions. Since a long time ago, Rebecca Baker has performed as Ruchi Rathor.

Ruchi Rathor: About Payomatix

Anurag Pratap Singh, the co-founder of the infamous iPayTotal, is a partner in the company known as Payomatix with Ruchi Rathor and Anirudh Pratap Singh Rathor. Launched in early 2022, the high-risk payment business has no less ambitious goals than to transform the Indian payments sector completely.

Given the financial mess, it made with iPayTotal (profile) and its associated businesses, that nearly sounds like a dangerous threat. To show themselves as a large and trustworthy firm, Ruchi and her Indo-British team used to create bogus people and social media accounts.

She undoubtedly has extensive experience with high-risk transactions and is fully aware of how to exploit merchants’ difficulties in this market.

Key Data

Ruchi Rathor: Part of Another Scandal

Connectum, a payment company subject to FCA regulation, was a well-known scammer and money-launderer for the shady Israeli broker industry. It handled money for Gal Barak, an Israeli who was convicted of cybercrime, and his organization.

Connectum has collaborated closely with the infamous Indo-British Ruchi Rathor-led high-risk payment system Hawex for at least a few months. Russia controls Hawex. Informants have given us data revealing Hawex merchants charged through Connectum.

Relationship between Ruchi Rathor and the Connectum Scam

Connectum accepts Mastercard and Visa as Principal Member Acquirers. The majority owner of Connectum up to October 2020 was the Latvian Edgars Lasmanis. He was replaced by the politically exposed person (PEP) from Cambodia, Sokha Heng, who is also the spouse of the former secretary of state for the Transport Ministry, Ing Bun Hoaw. Over 75% of the company’s shares, according to UK Companies House, are in her control.

Millions of dollars in unlawful earnings from E&G Bulgaria’s frauds were moved to the savings accounts of the organization’s offshore entities through Connectum between at least 2017 and 2019 through money laundering techniques.

Connectum previously used funds at Latvian JSC Rietumu Banka & Deutsche Handelsbank for these transfers.

About The Hawex

A member of the FCA-approved e-Money Institution Paystree Limited, Hawex is an electronic money agent (EMD Agent) with the FCA.

Kirill Baldakov, a Russian, held control over the UK-registered Hawex Group Ltd until March 2022. It has been maintained since October 2022 by the Russian and Indian-British Ruchi Rathor-owned Hawex Investment LLC, based in Dubai. 

Jevgenijs Marenics, a Latvian, is listed as the director for the UK-based company. According to Connectum’s Similarweb statistics (right) for the past three months, the FCA-approved payment processor appears to handle a large amount of business with Russia.

Feedback on the iPayTotal of Ruchi Rathor

There are 55 unfavourable reviews of iPayTotal that I can find, some of which call the business a swindle or a scam. 

The company’s exorbitant establishment price, sudden account cancellation after just a few months of analyzing, subpar customer assistance, and a difficult application process are among the most common complaints. 

This remark from a corporate representative on the iPayTotal TrustPilot UK profile serves as an illustration of extremely subpar customer service.

26% of the company’s 213 reviews have just positive or terrible ratings on TrustPilot, out of a possible 100.

iPayTotal of Ruchi Rathor is High-Risk Pricing

iPayTotal’s pricing structure is well-explained in Ruchi Rathor’s pricing sheet, which is very helpful to merchants. The corporation does not, however, make public the conditions of its high-risk merchant account contracts. Based on the nation of origin, type of business, and processing volume of each merchant, it does state that a setup fee of up to £4,500 may be assessed. 

Ruchi Rathor Reviews: Scams Exposed by Clients Related to Her Firm

We can assess the credibility of Ruchi Rathor by looking at the following unfavourable comments, which genuinely represent what she is and what she is not.

#1. Ruchi Rathor is a scammer

In the evaluation above it seems that a scenario has developed where a particular company of Ruchi Rathor, called iPayTotal, is accused of engaging in criminal activities. According to reports, they were involved in the loss of 50,000 pounds. The issue has been brought to the attention of UK authorities.

Due to the complexity of the issue, it appears that some people who claim to be headquartered in the UK may actually have connections to India. Ruchi Rathor, an Indian woman, is allegedly the real owner of the business. Possible victims are advised to exercise caution because it has been claimed that this person has been connected to various corporate fraud schemes.

#2. The Firm of Ruchi Rathor provided unsatisfactory

Due to an unfavourable investment experience, the reviewer expresses disappointment with Ruchi Rathor and her company in the comment they have left. The reviewer states they made a $50,000 investment with the company but ran into problems. In particular, the reviewer charges that the business is a fraud and has engaged in dishonest practices.

#3. The company of Ruchi Rathor is Unfaithful

Regarding the statement above, Following the expiration of their (the customer’s) contract, the business declared that an initial payment of $5,000 was necessary for distribution. Payments, however, unexpectedly stopped as they crossed this line. The corporation responded that a waiting period of six months was required since they hadn’t reached the disbursement threshold.

Even though it has been more than six months since the last successful payment, the agreed-upon payment has not yet been issued notwithstanding this justification. Due to this circumstance, the company has rethought its future participation with them and raised questions about their dedication to the stipulated conditions and payment requirements.

#4. The company of Ruchi Rathor is a “Black Hole”

It seems from the review above that a particular company’s service has caused some discontent. The reviewer expresses significant disapproval for the business and implies that they think the service is anything but ordinary. 

They claim that Ruchi Rathor’s business functions as a “black hole” that absorbs money with no way to get it back. The reviewer alleges that he or she was defrauded by 3000 GBP and highlights that even the website’s design has changed, which may reflect efforts to deflect criticism.

Regardless of whether this service is considered to be high-risk or relatively harmless for merchants, the reviewer warns against utilizing it. They contend that the problem goes beyond the caliber of the provided services and that the company’s activities instead constitute a deliberate drain of resources.

The reviewer claims to have records of talks, emails, refund promises, and taped phone calls connected to their experience. They add that they had a written guarantee of a return, particularly 3000 pounds, but that this guarantee was broken, leaving them feeling disappointed and duped.

2.5

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Conclusion

Simply put, it appears that Ruchi Rathor is engaging in fraudulent operations with clients while collaborating with her friends. They appeared to be utilizing dishonest means to further their own objectives, all the while putting on a false front and acting unethically as a business.

Ruchi Rathor is charged with planning a strategy where she and her group misled their clients in more detail. This seems to be an intentional move to support their commercial interests. However, it is claimed that these behaviours are destructive and dishonest. 

Additionally, it is alleged that Ruchi Rathor presents a false persona in an effort to win people over while also engaging in unethical business practices. The company comes seen as having shady procedures and false underpinnings, which is the general message being delivered.

Ruchi Rathor is a Money Laundering Scammer?

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