Class Action against Payvision/ING !
Are you a Victim of Xtraderfx, Optionstars, Safemarkets, Golden Markets?
At the end of January 2019, Gal Barak, the owner of several investment scam websites, including XtraderFX, OptionStars/OptionStarsGloball, Safemarkets, and Golden Markets, was arrested by
Are you a Victim of Option888, Xmarkets, Tradovest, Zoomtrader?
Uwe Lenhoff, a German national, was arrested on 25 January 2019 in Tyrol, Austria, and faced multiple charges related to fraud. He was identified as
We Identify Financial Crime Enablers!
€775m AML Scandal, Zero Accountability for Hamers
On 3 December 2025, the Court of Appeal in The Hague granted the Dutch prosecutor’s request to stop the criminal prosecution of ING’s former CEO
Qivalis: How EU Banks Undermine the Digital Euro Project
When ten of Europe’s largest banks announce a joint venture to issue a new euro stablecoin, the industry celebrates it as innovation, digital sovereignty and
Meta Scam Ads: What EU and US Authorities Have Done so far
Scam advertising on Facebook and Instagram is not a niche problem—it’s a systemic consumer-protection risk, with cross-border impacts and real financial harm. Recently, Reuters published
EU Commission Fines X €120m: DSA Ad Transparency, Scam Ads
On 5 December 2025, the European Commission imposed a €120 million fine on X (formerly Twitter) for breaches of transparency obligations under the Digital Services
EU Victims’ Rights Reform: A Missed Chance For Online Fraud Victims
The revision of the EU Victims’ Rights Directive announced on 10 December 2025 is presented as a major step forward for crime victims in Europe,
European Funds Recovery Initiative
About EFRI
EFRI identifies and targets financial crime enablers and seeks restitution on behalf of its members from the fraudsters and the enablers of the scams.
The legal entity behind this initiative is a non-profit organization registered in Vienna, Austria (EFRI Association).
You can read the charter of the non-profit association here.
Since March 31, 2025 EFRI is a qualified entity according to the §1 of the Austrian QEG and empowered to bring cross border collective redress actions. Pls read more here:
We strongly believe that a large group of victims fighting against the fraudsters and asking for help from the authorities in a structured way can help to stop this type of fraud in Europe.
Mission Statement
The purpose of EFRI is to support victims of cybercrime and to promote cybersecurity in the user segment of consumers and small investors.
With increasing digitalisation, the extent of cybercrime is also increasing massively. The activities of many initiatives to increase cybersecurity focus primarily on the technical and organisational aspects of companies. EFRI, on the other hand, concentrates on protecting consumers from online fraudsters through technical, organisational, communicative and legal measures.
We think that the protection of Consumers and Small Investors is a must for the development of a sustainable cyber society.
The activities of EFRI focus on the following areas:
Supporting victims of cybercrime to overcome the psychological effects of the crime and to prevent them from being victimised again;
Identifying financial crime enablers supporting the scams and addressing them for refunds on behalf of the victims;
Coordination and contact point for authorities, non-government organisations and private initiatives for data exchange and warnings regarding scams and investment fraud;
Public early warning system against scammers and investment fraud in cooperation with media partners and operators of social media;
Development of a cybercrime database for statistical analysis.
