News – Page 2

November 16, 2020

BULGARIA – An EU scam and money laundering hub

The money laundering system of the Gal BARAK Cybercrime organization On 1 September 2020, a first verdict was reached at the Vienna Criminal Court within..

November 10, 2020

Hong Kong – a great place for scammers!

Amid the COVID-19 pandemics dozens of millions of people are locked down in their home office or must apply social distancing rules. Hence, their social..

November 9, 2020

SCAM ALERT: Scammers are using the EFRI logo to defraud people!

Harvey is not real! – he is just a little guy trying to be a shark! We got emails from fraud victims out there asking..

October 23, 2020

Scammers and their bankers (Part I): PAYVISION, a huge Payment Service Provider for the scamming industry:

PAYVISION B.V., registered in Amsterdam, is a payment service provider founded in 2002 by Rudolf BOOKER and his partners to provide payment services for online..

September 9, 2020

GAL BARAK – former CEO of Bulgarian and Serbian boiler rooms and beneficial owner of a major international binary option and Forex fraud scheme sentenced to 4 Years in prison in Vienna, Austria.

On 1 September 2020, Gal BARAK, a citizen of Israel, 33, was sentenced to 4 years in prison at the Regional Court of Vienna, by..

August 25, 2020

EFRI`S UNITED AGAINST INVESTMENT FRAUD WEEK!

Only a very small number of victims of online investment fraud (including boiler room fraud, ponzi and pyramid schemes) report their fraud cases to the..

August 12, 2020

All about Authorized Push Payments!

Did you transfer money to a scammer by using online-banking tools? if yes, pls read this: So scammers convinced you by making false pretenses to..

August 10, 2020

You just realized that you got SCAMMED!

So you just noticed that your “best buddy” – a boiler room guy, who has told you that he is probably one of the most..

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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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.

Category: News