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!
The Payvision Chats: When Payment Infrastructure Becomes Fraud Infrastructure
Newly obtained chat records raise a central question for Europe: when does payment infrastructure cease to be neutral and become part of the machinery that
Why the UK Fraud Strategy 2026–2029 Won’t Be Enough to Stop Online Fraud
The UK’s new Fraud Strategy 2026–2029 is an important and overdue step – but on its current design it is unlikely to stop global scam
Why the UK Fraud Strategy 2026–2029 Won’t Be Enough to Stop Online Fraud
The UK’s new Fraud Strategy 2026–2029 is an important and overdue step – but on its current design it is unlikely to stop global scam
Uniswap Case: Why the Judgment Does Not Give DeFi Blanket Immunity
Crypto coverage is already treating the Uniswap dismissal as another big win for the sector. That reaction is understandable, but it overreads the judgment. On
CJEU Case C-70/25: Advocate General Says Banks Must Refund Phishing Victims Immediately
On 5 March 2026, Advocate General Athanasios Rantos delivered his Opinion in Case C-70/25, Tukowiecka, a case that could become highly important for victims of
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.
