The primary purpose of scams is to obtain victims’ money. With the “Follow the Money” approach becoming a well-known investigative tool for prosecutors, opaqueness and complexity in structuring the money flow from victims to scammers are critical for cybercriminals. The more opaque and complex a payment method is, the more
Kobenhavns Andelskasse: A Small Bank’s Role in Massive Financial Fraud Kobenhavns Andelskasse (a.k.a. Copenhagen Cooperative Fund or KBH Andelskasse), a small Danish-regulated bank, became a key enabler of international fraud by collecting and transferring hundreds of millions of euros in stolen funds to boiler room scammers in 2017 and 2018.
On 1 September 2020, Gal BARAK, a citizen of Israel, 33, also called – the Wolf of Sofia – 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 severe commercial fraud and money laundering
