Enforcement Actions | FinTelegram News

January 31, 2019

Announcement: No Reporting on European Enforcement Actions Until Further Notice

FinTelegram always urged authorities to take actions against cybercriminals in the very best interest of investors protection. Evidently, there are some enforcement actions going on..

January 31, 2019

European Enforcement Action in Bulgaria Against Global Cybercrime Organization (Visual)

The enforcement actions of Bulgarian, German and Austrian police authorities in Bulgaria and other countries against the operators of illegal broker and binary options sites..

January 29, 2019

BREAKING – Massive Enforcement Action Against European-wide Illegal Broker Scheme

We just learned from our Bulgarian friends that police has raided several offices of illegal brokers, boiler rooms, and flats in Bulgaria. It seems to..

January 16, 2019

FBI May Hold 15,000 Israelis Criminally Responsible Over Binary Options

Israeli Haaratz reported today that the FBI wants to rigorously work through the binary option fraud schemes. The U.S. authorities would not only attack the..

December 30, 2018

Option888 Case: Montenegro Atlas Banka Involved In Money Laundering

The illegal Binary Options platform Option888 has worked with a variety of payment services providers (PSP). One of them is the Montenegro-based Global Payment Solutions..

December 15, 2018

U.S. Authorities Accuse Coinflux CEO Of Crypto Money Laundering – 14 Romanians Arrested

According to the news outlet Mediafax the Romanian police arrested Vlad NISTOR, CEO of Coinflux – a small Romanian crypto exchange – and 14 other..

December 10, 2018

U.S. DOJ LAUNCHES VICTIMS NOTIFICATION PROGRAM

The U.S. Department of Justice is taking a new approach to informing victims of pending fraud cases with many victims about the progress of the..

December 5, 2018

BAFIN AND GERMAN POLICE WARN AGAINST ONLINE TRADING FRAUD

Reads as if it’s a national effort to fight online trading fraud. Finally! Even the German authorities are now likely to find the rip-off of..

November 14, 2018

THE FUNDS RECOVERY PROBLEMS WITH ONLINE INVESTMENTS

Funds recovery: FinTelegram frequently receives requests from defrauded investors for support to recover their funds. We love to help and appreciate every single request. The..

October 23, 2018

HOW TO TACKLE THE MONEY LAUNDERING ISSUE IN THE CRYPTO SPACE!

In its press release of 19 October 2018, the Financial Action Task Force (FATF) calls on its members to take rapid and coordinated action on..

October 11, 2018

BINEX GROUP, DREAMSPAY, AND THEIR FRAUDULENT EXPANSION

We have been covering the cybercrime activities of the Wolf of Sofia, Gal BARAK, and its partners Marina Barak (previously Marina ANDREEVA), Gery SHALON, and Vladislav SMIRNOV since 2018. Our reporting was instrumental in breaking up this cybercrime organization. As a result, gal Barak was arrested in early 2019 and sentenced to four years in prison in September 2020 for investment fraud and money laundering. In addition, his wife Marina is currently on trial. The Binex Group was a centerpiece of their organization to launder money stolen from scam victims.

Enforcement Actions