Enforcement Actions | FinTelegram News

Category: Enforcement Actions

March 18, 2021

Eurojust announced another enforcement action against European cybercrime organization

Eurojust announced that it had coordinated a follow-up enforcement action against a cybercrime organization that defrauded mainly German-speaking online investors via legal entities operating from Bulgaria, Ukraine, and other countries. Their binary options, crypto, and forex scams promised huge profits on their websites and consequently defrauded at least 350 victims of approximately €8,5 million. In the enforcement action, five suspects were arrested in Bulgaria. In the same case, in Dec 2020 in Ukraine, €50 million in luxury cars and goods were seized, and in April last year, nine suspects were arrested.

December 19, 2020

Kosovo call centers attack Germany with lottery and broker scams

Until the spring of 2019, the LottoPalace scam website attacking German-speaking victims. A few weeks after the German scam mastermind Uwe Lenhoff was arrested, the..

September 24, 2020

Vienna Cybercrime Trials – Passionate law enforcement teams meet whistleblowers and EFRI

The Vienna Cybercrime Trials ("#VCT") have been an important step in the fight against scammers, cybercrime, and money laundering. The #VCT findings have also facilitated investigations and prosecutions in other jurisdictions and other scam cases. The first arrests in connection with the #VCT were made by EU arrest warrants issued by Austrian authorities. Thanks to the help of whistleblowers and FinTelegram. Now, leading EU investigative media like SZ report about the "Fall of the Wolf."

September 9, 2020

#VCT – Gal Barak sentencing effective, millions for victims, and an explanation

On September 1, 2020, at the Vienna Cybercrime Trials, the court found the accused Israeli Gal Barak guilty of (cyber) investment fraud and money laundering and sentenced him to four years in prison. In addition, the victims were granted the funds confiscated by the authorities. Law enforcement has been able to track and seize these funds thanks to a FinTelegram whistleblower. After Gal Barak, his wife Marina Barak has also been served with an indictment.

Enforcement Actions

July 20, 2020

US judge’s son killed and husband shot at home in shooting attack

A gunman disguised as a FedEx driver shot and killed the son of U.S. District Judge Esther Salas, 51, and wounded her husband at their New Jersey home on Sunday, law enforcement confirmed to The Washington Post. The judge was not injured in the shooting. The FBI, U.S. Marshals, and local authorities are investigating.

May 2, 2019

Cybercrime Network – Gal Barak’s Fellow Shareholders Distance Themselves From Wrongdoings

Two of the principals of a global cybercrime organization, Gal Barak and his partner Uwe Lenhoff, were arrested in January/February 2019 as part of an..

March 30, 2019

Binary Options – Open Letter To Wealth Recovery International

Dear Wealth Recovery International Team,Dear Tami Hamm, we understand that you are upset and desperate after your Wealth Recovery International partner Austin Smith had to..

March 29, 2019

Envion Case – Swiss Regulator FINMA Ascertains ICO Illegal Activity

In July 2018, the Swiss Financial Market Supervisory Authority FINMA initiated enforcement proceedings against Envion and its Initial Coin Offering (ICO). The investigation was completed..

March 10, 2019

Finally! Bulgarian OneCoin Heads Indicted And Arrested

U.S. authorities have arrested Konstantin Ignatov, one of the leaders of the crypto scam OneCoin on Wednesday. His older sister, Ruja Ignatova, has been indicted..

March 3, 2019

Request For Information – VCapital Podgorica, Stox Market, And Related Brokers

Exposing of illegal broker schemes leads FinTelegram through many countries and jurisdictions. Certainly, the global illegal broker scene is governed by the Israeli protagonists around..

March 1, 2019

Investor Warning – Gal Barak Arrested But His Illegal Broker Schemes Continue Fraud

The Austrian Financial Market Authority (FMA) today warned investors against the illegal broker platform XtraderFX. Again! This illegal broker scheme is part of the network..

February 26, 2019

Financial Crime: Austrian Police Reported Massive Blow Against Illegal Broker Schemes

The Austrian police announced a successful European enforcement action against illegal broker schemes operated by the Israeli Gal Barak and his E&G Bulgaria. Gal Barak..