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.
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.