Details about our organization
Details about the history and the legal details of EFRI you can find here.

Who are the members of EFRI?
More than 1.550 victims Investment fraud from all over the world with a total loss (stolen money) of more than EUR 60 million are members of our not-for profit organization.

How to become a member of EFRI?
We ask for a one-time membership fee of 75 € – payable via PayPal paypal.me/EFRIBT or via bank transfer  (pls contact us for more info ), in addition we ask for a power of attorney (for more details pls also send an email to [email protected]). In order to become a member of EFRI you have to sign the enclosed Power of Attorney. Pls be aware, that we never accept BTC-payments.

What does becoming a member of EFRI mean?
We will try to support you in coping with the mental and financial stress of getting victimized.

Specific support for recovery actions

EFRI supports individual legal actions (in criminal and civil court) by providing information and documentation. In case the indiviual recovers money successfully EFRI will ask for a some recovery of expenses (maximum of 10% of the amount recovere).

Collective Legal actions to recover funds
In case of any collective legal actions EFRI will work with litigation funders. These litigation funders will ask for a certain percentage rate in exchange for the financial risk they take by starting litigation.    In any case, everything will be discussed with the relevant members upfront.

What else to know about us?
We have established Telegram groups, we work with Facebook groups, publish postings on the EFRI website and most importantly we give regular updates via emails. EFRI has a (free-of-charge) co-operation agreement with the media and whistleblower website Fintelegram. Fintelegram acts as our media website that reports about our work and addresses the scammers which victims and our members report to us. Fintelegram has been able to establish a broad network of whistleblowers and has already achieved quite good results. Note: Payabl, a German-Cypriot Payment Service Provider has filed a SLAPP claim against Fintelegram and is forcing Fintelegram to de-publish reports. As a direct effect of the ongoing litigation we had to stop our media cooperation with Fintelegram.

What have we achieved so far?
With the contribution of Fintelegram/EFRI it was possible for the Austrian and German law enforcement agencies to expose the criminal organisation around Gal BARAK (the Wolf of Sofia), his wife Marina BARAK, Gery Shalon and Vlad Smirnov. GAL BARAK was found guilty of running the fraudulent investment scams: xtraderfx, optionStarsGlobal, safemarkets,.. (severe fraud and money laundering) and he was sentenced to 4 year prison in Vienna. More indictments are to come soon.

Do you want to cooperate with us?
You are a journalist interested in financial fraud or boiler room scams, a fraud fighter, a lawyer engaged in this business area, a consumer protection agency,… if you are interested in our work, pls do not hestitate to send an email to [email protected].