Enforcement Actions | FinTelegram News

Category: Enforcement Actions

March 24, 2023

FCA Frozes Bank Account Of Regulated Independently East Over Misappropriated Client Funds!

The UK Financial Conduct Authority (FCA) has announced that it has taken action against Independently East Ltd, which it supervises. The regulator revoked permission to conduct regulatory activities and blocked the company's bank accounts. An investor's deposits were not used to purchase financial products as agreed but were transferred to the personal bank account of one of the directors, i.e., the funds have been misappropriated.

July 11, 2022

Cartu Brothers With Legal Troubles in Israel!

Whistleblowers have confirmed to us several times that law enforcement is looking for the Cartu Brothers. Recently, David Cartu and Jonathan Cartu were reportedly arrested in the United Arabe Emirates (UAE) on the basis of a Red Notice. Interpol issued Red Notices for fugitives wanted either for prosecution or to serve a sentence. A Red Notice is a request to law enforcement worldwide to locate and provisionally arrest a person pending extradition, surrender, or similar legal action.

January 2, 2022

Cybercrime billionaire Gery Shalon ordered to pay €413 million to U.S. Government!

Gery Shalon has certainly redefined financial cybercrime and took it to the next level. He started his dark career the with illegal online gambling business. In 2012, he expanded into online investment fraud, securities manipulation and cryptocurrencies. He was indicted in 2015, pled guilty in 2017, and has to pay more than $413 million to the U.S. Government for his cybercrime offenses. He is believed to have assets of about $2 billion.

November 29, 2021

Whistleblower Campaign – Gal Barak wanted for failed restitution payments!

In September 2020, an Austrian court sentenced the Israeli citizen Gal Barak to four years in prison and a payment of around €4.2 million for investment fraud and money laundering. He was the boss of the cybercrime organization E&G Bulgaria. Of that, €2.5 million has already been seized by authorities from the bank accounts of Gal Barak and his companies. Barak should have paid another €1.7 million within 14 days to the 212 victims represented by EFRI in the trial. Barak failed to pay and fulfill the court order properly. Further legal action against Barak is therefore imminent.

November 19, 2021

Goodbye! Notorious Israeli crypto scheme operator Moshe Hogeg arrested!

The Israeli Police arrested the notorious crypto scheme operator Moshe Hogeg, who also owns the Beiter Jerusalem soccer club, and seven other people on suspicion of involvement in alleged massive fraud related to cryptocurrencies. Law enforcement said that Hogeg and the other suspects stole millions of dollars. In addition, Hogeg is also suspected of sexual offenses. Most recently, a model had claimed that she was raped by him at the age of 17, The Times of Israel reported.

October 20, 2021

Breaking News – 20 people arrested in Israel on German request

The Israeli online news platform News 13 reported that some 20 people had been arrested on charges of binary options fraud in a joint law enforcement operation of Israeli and German authorities. Six of the detained allegedly will be remanded in custody for a request for extradition to Germany. Later today, six of the suspects will be brought to the Jerusalem Magistrate's Court for a hearing on the extension of detention for the purpose of requesting their extradition to Germany.

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..