Bulgaria - a money-laundering hub

BULGARIA – An EU scam and money-laundering hub

Gal and Marina BARAK’s Bulgarian money-laundering organization On 1 September 2020, the by now infamous Wolf of Sofia, the Israeli citizen Gal BARAK was found guilty of serious fraud and money laundering as operator and beneficial owner of the cybercrime organization of E&G Bulgaria, based in Sofia, Bulgaria. During the

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Hong Kong a center for scammers

Hong Kong is a great place for scammers!

  Amid the COVID-19 pandemics, dozens of millions of people are locked down in their home office or must apply social distancing rules. Hence, their social activities are limited to social media and messenger services. The perfect environment for financial fraud is right now reaching new dimensions. Acting cross-border is

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EBA steps up with anti money laundering

EU steps up in anti-money laundering!

The money laundering scandals of recent years in the European Union have shown that the European Union’s banking sector, particularly, remains highly vulnerable to cross-border money laundering. Some late scandals like the #Wirecard scandal in Germany and the #Kobenhavn Andelskasse scandal or the Danske Bank scandal in Denmark made the

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WHICH Push Payments

All about Authorized Push Payments!

Did you transfer money to a scammer by using online-banking tools? If yes, pls read this: So scammers convinced you to send money via online banking to an account controlled by the scammers. As you gave instructions to your bank and authorized them to send the money to a different

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Have you been SCAMMED?

Have you been scammed?

So you just noticed that your “best buddy” – a boiler room guy who has told you that he is probably one of the most experienced online traders ever – is no longer reachable for you. Neither he nor anyone else from the frenzy online trading website reacts to your

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AAvoid downloading Anydesk

Avoid downloading ANYDESK!

During the hearing of the witnesses in the Vienna Cybercrime Trials last week (please read more here on FinTelegram), it got evident that the remote software tool AnyDesk was involved in all fraud cases. More or less all Gal Barak’s victims told the judge that the boiler room agents heavily pushed them to download

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EFRI´s letter to the FATF

EFRI`s LETTER TO THE FATF!

As you read this blog post, the #Wirecard tsunami sweeps over Germany and destroys the reputation of the capital market and its institutions. The responsible authorities (mainly #BAFIN) and involved companies (especially EY Germany) are blaming each other and are trying to overcome the issue. The frightening truth is that Germany

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B2G criminal complaint

EFRI`s B2G criminal complaint

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.

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