Interview Part II: Decipering cybercrime and scams!
Q 6. How did BitRush develop into the Lenhoff cybercrime case? Although knowing about the money laundering claims, Joachim Kalcher, the then technical chief operator of Bitrush Corp teamed up with Uwe Lenhoff. He evidently continued to pursue his idea of using the crypto payment system of Bitrush to launder the illicit proceeds of Uwe Lenhoff although BitRush Corp could not be used for the […]
Interview Part I: First, they laughed, then they threatened, and finally, they got arrested!
We did an interview last week with Fintelegram: Pls read below: The European Fund Recovery Initiative (EFRI) was founded in 2018 by the CPA Elfriede Sixt in a joint effort with FinTelegram and lawyers. EFRI represents more than 1,000 scam victims by now with around 60 million euros damages. Besides assisting victims, EFRI brought criminal charges through lawyers against scammers and […]
A historic chance to reduce illegal content on online marketplaces!
Out of about 1.100 victims registered with EFRI more than 620 (about 57%) victims told us that they got lured into investments scams by fake or misleading ads on Facebook. This correlates with the findings of the British Action Fraud from end of May 2021[1], summarizing that in a 12-month period, 5,039 reports of investment […]
The Danish FSA and its relaxed approach regarding Københavns Andelskasse and Clearhaus A/S
As of January 21, 2021 UNZER (formerly Heidelpay) announced its acquisition of two Danish payment companies: Clearhaus A/S an acquiring company (payment institution supervised by the Danish FSA and QuickPay in Aarhus in Denmark – subject to the approval of the relevant supervisory authorities. As EFRI represents 77 victims who have deposited their life savings […]
What about the S and the G in ESG?
It became a modern trend in the financial sector that each organization likes to provide sophisticated wordings about the importance of sustainable finance and the application of Environmental, Social, and Governance (ESG) criteria in their day to day business and asset allocation. Above all big banks and financial institutions heavily publish about their high ESG […]
HSBC – a dirty bank as an accomplice of big style Cybercriminals!
EFRI, an association based in Vienna, Austria, set up in spring 2020, by now represents more than 1,052 European consumers who were defrauded by cybercriminals. As of writing the victims lost over EUR 59.2 million in the form of investment scams also referred to as boiler room scams. HSBC, one of the world’s largest banks, […]
Our request for EBA to finally start to push the De Nederlandsche Bank/DNB to do a proper job!
The result of the European Court of Auditors special report 13/2021 As of June 28,2021 the European Court of Auditors issued its special report 13/2021 about its investigation on the efficiency and effectiveness of the money laundering fight within the European Union with the headline EU efforts to fight money laundering in the banking sector […]
Deutsche Handelsbank closes down its payment services business
Since more than two years we have been delivering information about bank accounts of Deutsche Handelsbank used for scamming peoples to the German authorities. Already when we have been working on the #Wirecard money laundering complaint (back in January 2020) it was evident that some of the scammers used both Wirecard and Deutsche Handelsbank (both […]
Our criminal complaint against Rudolf BOOKER, Gijs OP DE WEEGH, Cheng LIEM and PAYVISION B.V.
The criminal files regarding Gal BARAK, Marina BARAK and others are extensive by now – more than 1.000 files with hundreds of pages…. victims´reports, bank statements, eavesdropping protocols, reports from interrogations,… it was a long-lasting read and exhausting work to go through these files. But as a matter of fact we think that by now […]
EFRI´s request to open infringement proceedings against several European countries for not yet implementing properly the Directive on the Rights of Victims (Directive 2012/29/EU)
By going through the existing Directive for the Rights of Victims (DIRECTIVE 2012/29/EU) and also by working through the Directives already in existence for the protection for consumers in the European Union we realized that these Directives have prescribed everything what is needed to protect consumers and to care for victims of fraud already for […]