Ongoing Legal actions!
Are you a Victim of xtraderfx, optionstars, safemarkets, goldenmarkets?
At the end of January 2019, Gal Barak, the owner of several investment scam websites including xtraderfx, optionstars/optionstarsglobal, safemarkets, and Golden Markets, was arrested by
Are you a victim of option888, xmarkets, Tradovest, zoomtrader?
Uwe Lenhoff, a German, was arrested on 25th of January 2019 in Tyrol, Austria and faced multiple charges related to fraud. He was identified as
EFRI Identifies Financial Crime Enablers!
Københavns Andelskasse: Former CEO Convicted in Denmark’s AML Scandal!
In an interesting verdict from the Copenhagen City Court, Bo Stengaard, the former CEO of Københavns Andelskasse, has been handed a four-month suspended prison sentence
Nested services: Another blind spot in the Liability chain!
In the world of crypto fraud, a new facilitator has quietly emerged: Nested Services – sometimes referred to as the “money mule equivalent” of the
EFRI is now qualified to bring collective redress actions
Why Gutting the CFPB Endangers Consumers!
Financial Fraud evidently is no Crime in the Netherlands!
Our Petition: A Call to Act for the Dutch Authorities!
Aufruf an Opfer von BARAK und LENHOFF: Gemeinsam für Gerechtigkeit!
The Danish version of (ineffective) AML enforcement!
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.
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.
