When we started to collect the deposit slips of the many victims that registered with us, some registered and unregistered (illegal) payment service providers continuously kept showing up. One often showing up illegal payment processor was B2G GmbH, Cologne (HRB 89485) a German company owned and managed by Rainer Treuer and Oleg Shvartsman.
At 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 than two decades. We summarized our findings of Wirecard´s money laundering activities in a money laundering complaint filed in January 2020. They played a
All investment scams out there show a similar pattern. The victim´s trading account shows massive gains and growing balances during the initial phase. When the victims start to request the withdrawal of the funds, communication with trading people gets complicated. No email communication is possible any longer. Unagreed trades result in negative
The EFRI’s mission is to advocate consumers and small investors in the fight against scammers and cybercrime. For this purpose, we have founded the EFRI NGO (Initiative zur Bekämpfung von Cyberkriminalität an Konsumenten und Kleinanlegern in Europe ZVR 1493630560 in Vienna. Pls, find more about this not-for-profit organization here. Fraud
As discussed in our latest blog post, EFRI continues to file money-laundering complaints against scam facilitating payment processors based on the documentation provided by victims. We think that only if the European banks or the acquiring organizations stop to enable the money flow from the victims to the fraudsters the ongoing
Our Approach EFRI identifies the enablers of the scams and asks them for refunds! We organize the fund recovery process more like a membership model. We set up separate social media groups for victims of the different scams and guide the victims on how to approach relevant authorities. All
EFRI is the abbreviation for European Funds Recovery Initiative. The legal entity behind this Initiative is a not-for-profit organisation (EFRI-Association) registered in Vienna, Austria. Here you can read the statutes of the not-for-profit organization. Read More
