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 […]

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

Gal Barak in Court room

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.