Related Reports - EFRI identifies financial crime enablers to curb cyberfraud

Criminal trials around Barak´s and Lenhoff´s criminal organizations.

The criminal organization around Gal and Marina Barak, Uwe Lenhoff, Gery Shalon, Vlad Smirnov and their service providers (call centers, marketing affiliates, payment service providers) defrauded tens of thousands of innocent retail investors with their fraudulent websites (optionstarsglobal, xtraderfx, safemarkets, cryptopoint, goldenmarkets, zoomtrader, option888, xmarkets, tradovest, tradeinvest90) during the years

July 24, 2023 No Comments

WARNING! Be careful, scammers are cloning EFRI!

We do not send out cold calling emails ! We were just informed that victims received the email below from [email protected]. Pls be aware that we DID not send this email. Pls be careful and to not get back to them.

July 6, 2023 No Comments

Criminal charges for investment scammers 2023

As there is no central register for criminal charges brought against scammers in Europe and it gets really burdensome to remain updated, we will try to summarize our knowledge about the criminal trials and criminal proceedings ongoing here. TradeSolid, SolidCFD, IntegraOption, FXIntegra, TechOption, GetFinancial, ProCapitalMarkets, GainFinTech, MyCoinBanking, AccepTrade, ProfitsTrade, CoinsBanking

May 31, 2023 No Comments

Dutch Legal Action against Payvision BV started!

Around 300 victims from all over Europe, coordinated and supported by EFRI, have been requesting restitution payments for their losses since they learned about the reckless and willful involvement of Payvision in Barak and Lenhoff´s online scams. Legal claims in Austria and Germany are already pending. Additionally, a larger group

April 25, 2023 No Comments

UK companies are a plague, reforms are badly required!

Graham Barrow has been highlighting the misuse of the UK Companies House for years now. Today he announced on Linkedin that as of yesterday, 18 April 2023, 11,069,109 companies are registered with the UK Companies House Register. Out of these 11 million registered entities, only 5,227,447 are active. Founded in

April 19, 2023 No Comments

Will the Consumer Duty solve the UK payment industry issue?

In July 2022, the British FCA (Financial Conduct Authority) confirmed that it would be introducing a higher standard of customer protection, requiring regulated firms (including payment institutions and e-money companies) to put their customers’ needs first. The new “Consumer Duty” rule consists of three elements: New consumer principle. The new

April 19, 2023 1 Comment

ING´s checkered money laundering track record!

There are rumors that ING is eager to do a new settlement agreement with the Dutch authorities for the Payvision money laundering case. ING is quite experienced in doing settlement agreements for money laundering cases letting the shareholders pay the fine. But considering ING´s checkered money laundering track record it

April 17, 2023 No Comments

BBC and the inefficieny of the European law enforcement!

Simone Weinglass and BBC did a great job in identifying the issues of the law enforcement in Europe! The Milton Group is a transnational cybercriminal organization! In autumn 2022 it got public that in a concerted action, European authorities succeeded in striking a blow against the “Milton Group” after years

April 14, 2023 No Comments

Acquirers are liable for enabling the Wolf of Sofia´s scams

Why are acquirers to be held accountable for illegal activities The digitalization pushed by governments worldwide and praised for its benefits in efficiency and productivity comes with high risks for consumers. Online fraud is by now the most commonly experienced crime. In England and Wales, fraud accounts for approximately 41%

April 9, 2023 No Comments

Poor performance of the Danish Financial Complaint Board!

Legal purpose of Financial Ombudsmen in Europe! According to Directive 2013/11/EU of the European Parliament and of the Council of 21 May 2013 on Alternative Dispute Resolution for consumer disputes and amending Regulation (EC) No 2006/2004 and Directive 2009/22/EC Alternative Dispute Resolution (ADR) like the Danish Financial Complaint Board are

April 3, 2023 2 Comments