Category: EFRI

EFRI the dragon killer against VISA and MasterCardE
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April 4, 2025

EFRI vs VISA & MasterCard – The Crusade Against Payment Crime Enablers Begins

EFRI, now an officially recognized Qualified Entity under Directive (EU) 2020/1828, has launched its first direct strike in a new phase of its campaign against financial crime enablers. On April 4, 2025, EFRI submitted identical letters to both VISA and MasterCard, accusing them of enabling mass fraud through negligence, systemic failures, and blind tolerance toward high-risk acquirers like Payvision B.V.
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EFRI fights for victims of cybercrime with official support of EUE
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April 2, 2025

EFRI Declares War on Financial Crime Facilitators with New EU Mandate

The European Funds Recovery Initiative (EFRI) has reached a new milestone in the fight against cybercrime and financial fraud. Effective March 31, 2025, EFRI has been recognized as a Qualified Entity (QE) under Directive (EU) 2020/1828 by Austrian authorities—empowering it to file collective redress actions across the European Union. This is more than a legal upgrade.
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EFRI urges European Banking Authority to act in the ING and Payvision caseE
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December 15, 2023

EFRI Clashes with Banking Authorities Over ING And Payvision Scandal: Time for Transparency and Action!

EFRI certainly is a beacon of hope for victims of cybercrime. Currently, is locking horns with the European Banking Authority (EBA) over the alarming ING and Payvision scandal. This face-off isn't just another bureaucratic tiff; it's a full-blown crusade for justice and transparency. Payvision, once a proud subsidiary of the banking giant ING, has been unmasked as nothing short of a professional money laundering entity.
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Background information on the OptionsXO binary options trialR
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February 24, 2023

Request 4 Information: EFRI Is Looking For Scam Victims Facilitated By Payvision

Card payments are the most important and popular online payment systems. Only by checking the billing descriptors (set by the acquirer) can you identify the processing acquirer. EFRI identified the following billing descriptor used by Payvsion when processing the card transactions for Gal Barak and Uwe Lenhoff. EFRI is looking for scam victims that lost money via Payvision. Here are the identifying billing descriptors.
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Payvision wih T1 Payments in the financial crime sceneD
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February 24, 2023

Disgraced ING Subsidiary Payvision, Its Regulatory Troubles, And Victims Complaints!

It is now well known in the international fintech scene that Payvision, founded by Rudolf Booker in 2002 in Amsterdam, was a dubious high-risk payment processor that facilitated not only porn and gambling merchants but also broker scams. Many scam victims have deposited and lost their money through Payvision. The victim protection organization EFRI claims that Payvision knowingly and intentionally facilitated scams to boost its volume and profits.
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ING and Payvision prosecuted for alleged money launderingB
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November 4, 2022

Blame Game: ING CEO Calls Payvision A Mistake And Envisages Settlement!

In a recent press conference, ING CEO Steven van Rijswijk referred to the Payvision money laundering case. He said that the bank is not concerned about a possible settlement. "We have a strong capital position," Van Rijswijk said. He was open about the mistakes made when the fintech company was bought in 2018. "Obviously, that deal hasn't been a success," he said lightly. A few days ago, Payvision founder Rudolf Booker blamed ING for the Payvision collapse.
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Payvision founder Rudolf Booker is selling his superyacht KissD
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July 21, 2022

Disgraced Payvision Founder Rudolf Booker Sells His Yacht!

Autoevolution reports that Payvision founder Rudolf Booker is selling his $32-million superyacht, Kiss. What makes Kiss special is that its stunning looks and luxurious amenities can easily compete with those of superyachts that are twice its size. According to Boat International, the owner had many specific requests that were no easy task from a technological point of view. One of them was the hull’s unique metallic black color.
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Payvision the Dutch WirecardT
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July 13, 2022

The Fraud Facilitator Case – EFRI Members Sue Payvision In Landmark Precedent Case!

Unfortunately, the international payment processor industry is crowded with bad actors facilitating cybercrime and laundering their money. Payvision was one of them. Founded by Rudolf Booker in 2002, Payvision has been facilitating cybercrime organizations like E&G Bulgaria and their broker scams. Gal Barak and other ringleaders have been convicted of investment fraud and money laundering by courts in Germany and Austria. It was found that Payvision was one of the key facilitators who knowingly and willingly participated in the fraud. Payvision should be liable to the victims and fully compensate the victims. EFRI is coordinating the corresponding lawsuits.
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Rudolf Booker and elegis law firm are threatening EFRI and Elfriede SixtP
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April 26, 2022

Payvision founder Rudolf Booker and his desperate legal intimidation and defamation to silence EFRI!

Scam victims started to bring legal claims against ING subsidiary Payvision before the courts. Instead of dealing professionally with these claims, Payvision and its founder and former CEO Rudolf Booker started a tsunami of legal intimidation and defamatory campaigns to silence EFRI. A new climax was reached when Booker learned that Sixt was a speaker at the upcoming Financial Economic Crime event in Brussels. He retained a Belgian lawyer to send intimidating and defamatory threats to the event organizer and other event speakers to prevent Sixt from speaking.
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EFRI decipering cybercrimeI
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December 19, 2021

Interview with EFRI principal – Decipering cybercrime and scams! Part II

This is the second part of the great interview with EFRI co-founder and principal Elfriede Sixt. She explains the background of the development of EFRI and FinTelegram. In addition, she describes the threats and defamations of cybercrime activists who try to destroy the reputation. The fight against cybercrime and scammers has become a life mission for Elfriede Sixt, as she explains.
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EFRI principal Elfriede Sixt interview on cybercrime and dark webI
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December 17, 2021

Interview with EFRI principal – First, they laughed, then they threatened, and finally, they got arrested!

The European Fund Recovery Initiative (EFRI) was founded in 2018 by the auditor and CPA Elfriede Sixt in a joint effort with FinTelegram and lawyers. EFRI represents more than 1,000 scam victims with around 60 million euros damages. Besides assisting victims, EFRI brought criminal charges through lawyers against scammers and their enablers and facilitators. EFRI is probably the most hated institution for the worldwide scammer and cybercrime scene. Elfriede Sixt talks about her experiences in the fight against cybercrime.
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EFRI Petition to fight cybercrimeS
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November 25, 2021

Sign the EFRI Petition now to make the Internet a safer place!

The Internet is everywhere; it offers so many possibilities past generations never had even dreamed of. But yet it's an unsafe environment, prone to manipulation, a threat to our financial and mental health, and a constant assault on our data and privacy. Evidently, the praised digital potential comes at a high price. Based on 25 years of experience, Politicians are challenged to create a regulatory framework that protects the rights of individuals from technology giants, fake reality crafters, and cybercrime organizations. The EFRI Petition to the EU Commission wants to achi
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