HSBC – a dirty bank as an accomplice of big style Cybercriminals!

HSBC Die Skandalbank ARTE

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, […]

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 […]

EFRI Case File – The Kobenhavn Andelskasse

To date, EFRI represents more than 910 European consumers who have been ripped off by investment scams, stealing  EUR 49,8 Mio of their lifetime savings. The harm done to hundreds of thousands of European consumers – mainly elderly people –  during the past years by investment and boiler room scams is nothing short of shocking. […]

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 activities are limited to social media and messenger services. The perfect environment for financial fraud which is right now reaching new dimensions. Acting cross-border is definitely an important part of […]

EFRI`s criminal complaint against B2G

When we started to collect the deposit slips of the many victims who registered with us, some registered and unregistered (illegal) payment service providers continuously kept showing up. One of these very often showing up illegal payment service provider was B2G GmbH, a German company owned and managed by Rainer Treuer and Oleg Shvartsman. B2G […]

EFRI´s Wirecard Money laundering complaint

As the end of June 2020 Wirecard a DAX- listed Financial Service Company imploded. Wirecard has enabled fraudsters to receive and distribute illegal funds for more then two decades. They played a crucial part for the explosion of Cybercrime in Europe. Our story with Wirecard started back in 2016 when the founder of Fintelegram met […]