SUMMARY FACT SHEET ENGLISH

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The Online Trading Frauds In A Nutshell

The online trading fraud schemes addressed by EFRI comprise the online trading platforms SafeMarkets, GoldenMarkets, Cryptopoint, XTraderFX, OptionStars, OptionStarsGlobal. All are orchestrated by the Israeli Gal BARAK und his Bulgarian co-conspirator Marina ANDREEVA.  The schemes’ headquarters are in Sofia, Bulgaria, with multi-lingual call centers (boiler rooms) spread across several countries.

The involved companies (PSPs,..), as well as the domains of the scheme are changing frequently to confuse customers and authorities. Currently, the schemes operate via the Estonia-based companies OPTIUMCOMMERCE OU, SolveKey OU and the UK companies GPay Ltd and AlmaMarket Ltd. Financial market supervisory authorities in many jurisdictions have warned against these schemes.

The EFRI funds recovery campaign aims at recovering the funds of defrauded investors from the beneficial owners.

Scam Type illegal Online Trading
Domain: www.safemarkets.biz, www.goldenmrks.com, www.xtraderfx.com
Operators: OPTIUMCOMMERCE OU, SOLVEKEY OU, Almamarkets Ltd, GPay Ltd, Matching Blue Consulting S.L.
Perpetrators:
Gal BARAK, Marina ANDREEVA, Kfir LEVY, Georgi KOMISAROV, Andrija ZIVKOVIC
Boiler Rooms Operators:
E&G Bulgaria
Payment Services Provider (PSP) PayVision, DreamsPay, PayRetailer, Jubiter Technologies, Pay Retailers Ltd, Entropay
Headquarters: Sofia, Bulgaria
CLLB: Berlin, Munich, Germany
FCA UK: SafeMarkets April 2018
FCA UK: GoldenMarkets May and December 2018
FCA UK: XTraderFX June and December 2018
CryptoPoint GPay
OptionStars New Markets SA
OptionStarsGlobal New Markets SA