Scammers and their bankers III – The legal entity monopoly played by PAYVISION to bypass regulatory frameworks
No scams without payment facilitators The investment scam tsunami currently sweeping Europe, would not be possible without willingly participating Payment Service Providers (PSPs). We are convinced that the scammers’ fraudulent business is made possible, in part, by their lengthy, personal and close relationship with the management of the payment processors. Details about the extent and […]
Scammers and their bankers (Part I): PAYVISION, a huge Payment Service Provider for the scamming industry:
PAYVISION B.V., registered in Amsterdam, is a payment service provider founded in 2002 by Rudolf BOOKER and his partners to provide payment services for online shops. PAYVISION has been granted a licence as Payment Institution under the Payment Services Directive (PSD) for the Dutch Central Bank. The PSD is an EU regulation to aide the […]
GAL BARAK – former CEO of Bulgarian and Serbian boiler rooms and beneficial owner of a major international binary option and Forex fraud scheme sentenced to 4 Years in prison in Vienna, Austria.
On 1 September 2020, Gal BARAK, a citizen of Israel, 33, was sentenced to 4 years in prison at the Regional Court of Vienna, by the Senate of lay judges chaired by Judge Christian Böhm for serious commercial fraud and money laundering (pursuant to section 147 (3) StGB and section 165 STGB in conjunction with […]
We launch our #VictimsVoice campaign
On 8 July 2020, the cybercrime trial of the alleged scammer and principal of a European cybercrime organization, Israeli Gal BARAK, started in Vienna. The public prosecutor accuses Gal Barak of investment fraud with his broker sites like XTraderFX, SafeMarkets, Golden Markets, OptionStars, Golden Markets, or CryptoPoint. EFRI represents more than 225 European victims with stolen funds of more than 6.7 million Euros from this scammer.