The EFRI’s mission is to advocate consumers and small investors in the fight against scammers and cybercrime. For this purpose, we have founded the EFRI NGO (Initiative zur Bekämpfung von Cyberkriminalität an Konsumenten und Kleinanlegern in Europe ZVR 1493630560 in Vienna. Pls, find more about this not-for-profit organization here. Fraud victims can register as members.
Together, we will fight against the cybercriminals and hold the enablers which enable the fraudsters who stole your life savings accountable. Together we have a loud voice and can be heard by the EU and national authorities. Together we can ensure that cybercrime is more effectively combated in the EU.
By now, hundreds of thousands of retail investors and consumers worldwide have been harmed by investment scams. The situation is terrible in the EU. The respective authorities can only prosecute scammers within their respective jurisdictions. In contrast to the United States, there is no FBI in the EU, i.e. no central prosecution authority at the EU level.
Scammers know that the EU is better than the United States to defraud retail investors and consumers. That is why the number of victims and the losses is exploding. Law enforcement, prosecutors and regulators in the various jurisdictions are watching helplessly, leaving the victims alone. Supranational institutions and organizations are needed to prosecute scammers effectively and efficiently. That is why EFRI is required. EFRI tries to support victims in their fight for justice and refunds from the scammers and their enables.