Due to a fight within an international cyber criminal organization, internal documents from the vast fraud organisation around Gal Barak and Uwe Lenhoff got public in summer 2018. These documents once handed over to the Austrian enforcement agencies enabled them to arrest and prosecute Gal Barak and Uwe Lenhoff. Since then criminal trials in Austria and Germany are going on.
According to the criminal files for Barak and Lenhoff´s case, PAYVISION B.V. – a Dutch supervised payment institution and a 100% subsidiary of ING – enabled criminal organizations around Gal Barak and Uwe Lenhoff to rip off thousands of trustful European consumers by more than 200 mio € (these are best estimates taken from the criminal files and the indictements filed by the prosecutors).
It turned out that PAYVISION B.V. not only worked with Barak and Lenhoff´s criminal organization, Payvision BV also was the payment processor for 24option (criminal proceedings are going on in Cologne, Germany) for many years up to March 2020, and investment scam Algotechs/BEALGO (Allied Wallet – a payment facilitator, by now well known to the US enforcment agencies) and other questionable US companies (cannabis, porn, and so on).
Companies like PAYVISION B.V. are supposed to be gatekeepers for criminals. Instead PAYVISION B.V turned out to be the dooropener for cybercriminals for many years.
By now PAYVISION B.V. got closed down, criminal proceedings are going on against PAYVISION and BOOKER (founder and long-term CEO) in the Netherlands.
Victims and their claims against Payvision
EFRI represents by now around 300 victims from all over Europe with a loss of about 15 mio Euros (out of the 200 mio total loss).
In the past years we collected extensive material about the wrongdoings of PAYVISION B.V. We started litigation in Austria and in Germany, as this is our home turf, all theses cases are still pending.
We tried to find a reasonable out-of-court settlement with ING for Payvision´s unlawful actions for years. But up to now ING preferred to invest more money in expensive law companies fighting the victims and EFRI instead of offering a reasonable amount to the victims.
So in order to address the statute of limitation issue (A statute of limitations, known in civil law systems as a prescriptive period, is a law passed by a legislative body to set the maximum time after an event within which legal proceedings may be initiated) we had to start litigation in the Netherlands against Payvision and ING for willfully supporting criminal organizations. For us PAYVISION B.V. was part of the criminal organization and has to refund the victims for their loss. We also started litigation against the DeNedelandscheBank (DNB) as we requested the latest audit report about PAYVISION (they have been the supervising authority in charge of PAYVISION B.V. for many years).
So in case you also are a victim of Gal Barak and Uwe Lenhoff´s criminal organizations that run the websites: xtraderfx, safemarkets, goldenmarkets, optionstarsglobal, optionstars, Tradeinvest90, Tradovest, Option888, xmarkets, Lottopalace pls join in and send an email to [email protected].
In addition, if you are a victim of Algotechs/Bealgo you also transferred money via PAYVISION and bank accounts of ING, pls get in touch: [email protected].
We have been able to get a litigation funder on board who is prepared to fund the legal actions so no upfront fee has to be paid.