EFRI | FinTelegram News

Category: EFRI

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.

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.

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.

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.

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.

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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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.

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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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

July 22, 2021

Disgraced Payvision founder Rudolph Booker loses motion for a preliminary injunction

Rudolf Booker was the co-founder and, until 2020, CEO of Payvision, a Dutch FinTech acquired by ING in 2018 at a valuation of €360M. Payvision..

May 19, 2021

Maltese Compliance Issue – Paytah accuses MFSA of acting in violation of the constitution

The regulated Maltese high-risk payment processor Phoenix Payments Ltd d/b/a Paytah, has sued its regulator, the Malta Financial Services Authority (MFSA). Paytah accuses MFSA of being judge, jury, and executioner. The payment processor took this unprecedented step after the Maltese regulator fined it EUR 32,400 and restricted the company's license. This is not a normal civil court case. Instead, Paytah brought the claim against MFSA at the Constitutional Courts level. This is a first in Malta. Paytah has also sued MFSA for damages.

May 12, 2021

Vienna Cybercrime Trials – Gal Barak charged with giving false testimony and the Israeli fraud elite!

Gal Barak was sentenced in the Vienna Cybercrime Trials as one of the masterminds behind the cybercrime organization E&G Bulgaria to four years in prison and millions in restitution payments for investment fraud and money laundering. His Bulgarian wife Marina Barak faces the same charges and is currently on trial. Gal Barak gave false testimony at the trial of his wife and was consequently charged by the prosecution for that. As private prosecutors, the EFRI lawyer and its principal Elfriede Sixt accompany the trials representing the victims' voice!