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.
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.
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.