For over four years, we have meticulously examined criminal files to decipher the operations of Barak and Lenhoff´s criminal organisation and the involvement of Payment Service Providers (PSPs) in these schemes. In recent months, as we collected information for the ongoing civil proceedings against Payvision and Deutsche Bank, we have
EUFRS.ORG is a scam impersonation, so please take care and avoid any interaction. Scammers also use these impersonation emails, more to come soon; (pls do not react): [email protected]; EFRI Recovery <[email protected]> We filed a criminal complaint with the local prosecutor in Austria. If you wish to join the criminal case
The package of legislative proposals On 21 July 2021, the European Commission presented a package of legislative proposals aimed at combating money laundering, terrorist financing, and sanctions evasion. This proposed AML/CFT package consisted of four draft legislative acts: The EU “single rulebook” Regulation (“AMLR”) : contains provisions on conducting customer
Adverse decision of the Koblenz regional court for a Wirecard investor! On December 22, 2023, the regional court in Koblenz, Germany, ruled that Commerzbank AG – one of Germany’s largest banks – is not liable for recommending investments in Wirecard, despite being aware of irregularities within the Wirecard group (Az.
With the decision of January 10, 2024, III Zr 57/23, the Federal Supreme Court finally rejected a claim brought by a Wirecard shareholder for damages against BaFin (BGB § 839 para ntence 1 Ca; WpHG § 106 ff (F: until December 31, 2021). The Federal Supreme Court ruled that the measures
Crypto assets, hailed as a remarkable innovation, have become a perfect vehicle for fraud. Crypto assets opened the door to a shockingly high level of fraud. The lack of regulatory oversight about crypto assets contributes to the issue. Crypto assets have a different status in different jurisdictions. Even with recovery
Ruthlessness reaches a new high! Despite ongoing criminal proceedings for culpable money laundering, despite pledging to the Dutch prosecutor to remedy compliance shortcomings under the oversight of DNB, and despite being fully aware of the dirty business Payvision B.V. was in, ING Bank N.V. — one of the world’s largest
Payvision BV, a 100% entity of ING Bank NV (one of the biggest bank in Europe) was identified by the Austrian law enforcement agency as being the main payment processor for a vast criminal organization headed by Gal Barak, Gery Shalon, Uwe Lenhoff and others. Payvision willfully, and ruthlessly violated
Over the past four years, we have communicated with hundreds of victims of online trading scams. We’ve analysed their banking documents and prepared criminal complaints on their behalf. Additionally, we’ve reviewed hundreds of pages of court files. At this point, we believe we have a comprehensive understanding of how online
Often, when victims transfer cryptos to investment scammers or pay ransoms to hackers, the funds end up in a Binance wallet. This trend has been noticeable since the crypto exchange’s inception in 2017, suggesting that the platform has been accommodating to criminals. We have been closely monitoring the business’s activities
