Our criminal complaint against PAYVISION B.V. and its former management

EFRI filed a criminal complaint against PAYVISION B.V. and its former management, Rudolf BOOKER, Gijs OP DE WEEGH, Cheng LIEM LI.

The criminal files for Gal BARAK and Marina BARAK are extensive, based on these papers we drafted the criminal complaint against PAYVISION B.V. (a ING subsidiary) and its former management.

More than 1.000 files with hundreds of pages, victims’ reports, bank statements, eavesdropping protocols, reports from interrogations. It was a long-lasting read and exhausting work to go through these files.

We think that by now, we know how these investment scams/boiler room scams work and understand the roles of the different accomplices.

A combination of aggressive marketing campaigns with unscrupulous boiler room employees and wilful cooperating payment service providers results in significant harm for hundreds of thousands of unsuspecting European consumers.

The fate of the SCAMMERS

And we are convinced that all accomplices to the financial crime have to be held liable:

Gal BARAK has already been found guilty as of September 1, 2020. He is jailed in Vienna, Austria and will hopefully be soon delivered to the German authorities for even more justice for his fraud.

Marina BARAK, Gal BARAK’s accomplice in laundering the stolen money, will hopefully be found guilty in Vienna on the next trial day (Monday, May 10 2021).

The German prosecutors have already indicted some of the most aggressive boiler room employees. Moraliyski Dimitar Pentschev alias James Mor(r)a will soon have his trial at the Landesgericht Würzburg.

We want to hold the licensed/regulated European payment service providers liable. They have been keen to support the scammers. Without them, the fraud would not have been possible to such an extent.

PAYVISION’s role in the scams

PAYVISION B.V. – a licensed European (Dutch) Payment Service Provider – has for years handled transactions for high-risk merchants such as porn (e.g., PORNHUB), gambling or trading (binary options, forex, CFD).

In addition, however, PAYVISION has also participated in fraud schemes of international criminal organizations in violation of the legal provisions imposed on the company as a regulated payment service provider (mainly on money laundering) and in violation of the requirements of credit card companies to its licensees.

PAYVISION – founded and run by BOOKER, Gijp van de WEEGH, Cheng LIEM Li – has intentionally, knowingly, and willingly provided services to other unscrupulous financial service providers, such as T1 Payments LLC (see section 88f) and Allied Wallet (see section 109ff).

Summarizing we are convinced that PAYVISION was knowingly and willingly involved in the multiple frauds of European and U.S. citizens and that the fraudsters managed to steal tens of thousands of consumers for their life savings over the years through the deliberate help of PAYVISION, proof pls refer to:

Information from the criminal facts of LENHOFF/BARAK at the Criminal District Court of Vienna (730 Js 1545/18).
statements of PAYVISION’s ex-CEO Rudolf BOOKER in the above criminal files.
Deposit confirmations (bank transfers and credit card billing) for other scams.
Information from public records of legal cases pending in the United States involving PAYVISION.

Get copies of the criminal complaints.

We have filed the German version (download here) of our criminal complaint against the ex-owners and ex-board of management of PAYVISION (by now they have left the company) with the relevant authorities in Germany and Austria on behalf of the Austrian and German victims. We will continue to file the Englisch version (download here) (updated as of August 31, 2021) with the other European countries’ relevant authorities.