Author: Elfriede Sixt

AnyDesk produces terribly effective scammer weaponI
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August 4, 2020

Investor Alert: Please DO NOT download ANYDESK!

During the hearing of the witnesses in the Vienna Cybercrime Trials last week (please read more here on FinTelegram) it got evident how crucial for the fraud was the use of the remote software tool AnyDesk. More or less all Gal Barak`s victims told the judge that they were heavily pushed by the boiler room agents (i.e. the call center guys) to download this free-of-charge software tool thus enabling the fraudsters to remote access the PC of the victims and to purportedly "assist" them.
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EFRI Letter to FATFE
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August 2, 2020

EFRI`s LETTER TO THE FATF!

As you read this blog post, the #Wirecard tsunami sweeps over Germany and destroys the reputation of the capital market and its institutions. The responsible authorities (mainly #BAFIN) and involved companies (mainly #EY Germany) are blaming each other and are trying to overcome the issue. The frightening truth is that Germany has a systemic problem with cybercrime and money laundering.
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Gal Barak in Court roomW
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July 16, 2020

We launch our #VictimsVoice campaign

On 8 July 2020, the cybercrime trial of the alleged scammer and principal of a European cybercrime organization, Israeli Gal BARAK, started in Vienna. The public prosecutor accuses Gal Barak of investment fraud with his broker sites like XTraderFX, SafeMarkets, Golden Markets, OptionStars, Golden Markets, or CryptoPoint. EFRI represents more than 225 European victims with stolen funds of more than 6.7 million Euros from this scammer.
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July 14, 2020

EFRI´s Wirecard Money laundering complaint

As the end of June 2020 Wirecard a DAX- listed Financial Service Company imploded. Wirecard has enabled fraudsters to receive and distribute illegal funds for..
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You got scammedD
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July 5, 2020

Don’t be a victim!

Anyone can be the victim of a scam. Scammers have the latest technology, a lot of money and often carry out their attacks based on demographic and psychological studies. Sometimes a brief inattention on a mobile phone is enough to fall into the trap. You have become a victim. But you don't have to be a victim. One must not remain a victim. One can defend oneself.
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Funds Recovery ScamsB
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July 5, 2020

Be aware of Recovery scams! Strictly avoid them!

The many investment scams out there show one very similar pattern: After the initial phase with huge wins and growing capital, the money is gone suddenly. While victims begin to realize that they have most likely lost their money they desperately try to find someone for help to get their money back, and very often they fall victim to the next fraud: recovery scams!
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EFRI Mission Fighting CybercrimeT
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July 2, 2020

The EFRI-Mission

Our European Funds Recovery Initiative (EFRI) was founded in Vienna at the end of 2018 against the background of the extensive Investment Scams going on..
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EU Cybercime prevention and EFRIW
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July 1, 2020

Wanted: Victims` Voice to Expose Shortcomings of EU Cybercrime prevention

The EU Parliament evidently is convinced that the rules and measures undertaken by the European Parliament against cybercrime (for retail investors) are sufficient and that there are no significant structural shortcomings in the implementation of the rules currently in place.
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Launder money with DBS
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July 1, 2020

Scam Trail – Follow the Money

EFRI has developed promisingly over the last two years thanks to its members and supporters. Together with our supporters, EFRI launched several campaigns against cybercrime in Europe. As of June 29th, 2020, 820 victims from investment scams registered with EFRI with a loss of more than 34 Mio Euro.
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