As of today (June 29th, 2020) 820 victims from investment scams registered with EFRI with a loss of more than 34 mio Euro.

As each victim delivered its deposit slips to us, we have been able to establish a summary what countries are the most favourable places for illegal payment service providers to offer their services fo the investment scammers. The winner evidently is Germany with more than 33% of the stolen money being transferred to illegal payment service providers there.

Within Germany Wirecard (not surprising) and Deutsche Bank (also not surprising) have been the most active enablers for fraudulent companies.

For both companies we filed money laundering complaints with the authorities in Germany. #Wirecard went bust by now, pls read here for more details on our contribution to the fall out of the fraudulent company.

Guys, this summary will be the basis for the next steps to undertake to hold the authorities responsible for doing nothing and to ask for refunds.

Will keep you updated. In case of any questions pls contact us.

  1. Jaroslav says:

    Perhaps we will be able to convince EU supervisors that money laundering has long been underestimated and that consumer protection must come first!

  2. Pingback:Follow the Money | EFRI

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