A due diligence of VELTYCO Group PLC (nowadays: B90 Holdings plc) done by the founder of EFRI resulted in the arrest of Uwe LENHOFF and Gal BARAK and the blow up of their investment scams (option888, xmarkets, zoomtrader, xtraderfx, safemarkets, optionstarsglobal) as of the end of January 2019 (for more
A whistleblower informed us of rumors that the Dutch FIOD is still investigating the PAYVISION/BOOKER money laundering case. It’s conceivable that probing into Payvision’s long-standing involvement with scammers is a complex task. The personal connection between Booker, Payvision’s founder and long-term CEO, and Uwe Lenhoff, the beneficial owner of online
The cooperation between Payvision B.V., a Dutch-supervised payment service provider, and the cybercriminals Gal Barak, Uwe Lenhoff, and his accomplices (Gery Shalon, Vlad Smirnov, and others) began in 2013. The cooperation ended at the end of January 2019 with the arrest of Gal Barak and Uwe Lenhoff. When reading the
Letters sent out with a strictly confidential clause always tend to be interesting for many more people than the addressees. Last night, some Barak and Lenhoff victims represented by EFRI presumably received a refund offer from ING! As there are thousands of ING victims out there (a total of more
The criminal organization around Gal and Marina Barak, Uwe Lenhoff, Gery Shalon, Vlad Smirnov and their service providers (call centers, marketing affiliates, payment service providers) defrauded tens of thousands of innocent retail investors with their fraudulent websites (optionstarsglobal, xtraderfx, safemarkets, cryptopoint, goldenmarkets, zoomtrader, option888, xmarkets, tradovest, tradeinvest90) during the years
The phasing out process of PAYVISION ends today (June 30, 2022)! On October 28, 2021, ING announced that it would start phasing out the business activities of its subsidiary PAYVISION as a payment service provider (PSP) and acquirer. According to the announcement, this was done after a thorough evaluation of
EFRI filed a criminal complaint against PAYVISION B.V. and its former management, Rudolf BOOKER, Gijs OP DE WEEGH, Cheng LIEM LI, with the Dutch DNB and the Dutch FIOD. The criminal files for Gal BARAK and Marina BARAK are extensive; based on these papers, we drafted the criminal complaint against
We have been doing a deep-dive investigation in PAYVISION B.V. Amsterdam’s business activities. PAYVISION B.V. is a 100 per cent subsidiary of one of the world’s most reputable banks ING Groep N.V. We know that PAYVISION served scammers like Gal BARAK and Uwe LENHOFF wilfully, as described in our article
EFRI Founder Elfriede Sixt Interviewed by FinTelegram (Part I): The European Funds Recovery Initiative (EFRI) was founded in 2018 by CPA Elfriede Sixt, together with FinTelegram and a team of lawyers. Since then, EFRI has represented more than 1,000 scam victims, with total damages of approximately €60 million. In addition
For Part I of the interview with the EFRI founder, Elfriede Sixt, go here. Q 6. How did BitRush develop into the Lenhoff cybercrime case? Despite being aware of the money-laundering allegations, BitRush Corp.’s then Chief Technology Officer, Joachim Kalcher, teamed up with Uwe Lenhoff. He continued to push his
