BULGARIA – An EU scam and money laundering hub

sofia Bulgaria, Scam hub

The money laundering system of the Gal BARAK Cybercrime organization On 1 September 2020, a first verdict was reached at the Vienna Criminal Court within the framework of the so-called Vienna Cybercrime Trials ( #VCT). The Israeli citizen Gal BARAK was found guilty of serious fraud and money laundering as operator and beneficial owner of […]

Follow the money!

As of today (June 29th, 2020) 820 victims from investment scams registered with EFRI with a loss of more than 34 mio Euro. As each victim delivered its deposit slips to us, we have been able to establish a summary what countries are the most favourable places for illegal payment service providers to offer their […]