Law Enforcement | FinTelegram News

August 19, 2020

Money laundering – Ukrainian cyber police crushes crypto laundromat with Binance support

Increasingly, cybercrime organizations, scammers, and hackers are using cryptocurrencies for their illegal transactions and the associated money laundering. In Ukraine, the local cybercrime unit smashed a crypto laundromat which allegedly laundered $42 million. Three suspects have been arrested in a law enforcement action in June 2020. Experts from the crypto exchange Binance helped the Ukrainian police in this.

Law Enforcement

June 5, 2020

Investor Alert – Prosecutors seized accounts of Austrian pawnbroker GoLending

Regulatory Fine In October 2019, the Austrian Financial Market Authority FMA imposed a fine of EUR 10,000.00 on the pawnbroker GoLending AT GmbH (“GoLending“) for..

May 14, 2020

The EFRI Mission – Involving Regulators and Prosecutors to Recover Funds for Defrauded Investors

The European Funds Recovery Initiative (EFRI), co-founded by FinTelegram, is specialized in the recovery of funds of investors who have been defrauded by investment scams. Furthermore, EFRI sees itself as an advocate for investors and investor protection. Currently, EFRI has been granted a Power of Attorney by more than 800 victims which have been defrauded of more than EUR 34 million. The approach applied by EFRI differs in several aspects from the activities of lawyers and other organizations in the recovery business. Also because EFRI is organized as an initiative and association of victims.

March 11, 2020

BeAlgo & AlgoTechs broker scam – EFRI registers victims for European law enforcement investigations

In many jurisdictions, the authorities are currently investigating the fraudulent binary options & broker scams. The mills of justice are known to grind slowly but they grind. In addition, FinTelegram and the European Funds Recovery Initiative (EFRI), which we co-founded, ensure that the authorities continue their investigations and receive useful information. This was also the case with the huge BeAlgo and AlgoTechs broker scams. This scam has cheated thousands of small investors out of many millions.

February 4, 2020

Cybercrime survey – Awareness is rising in Europe

Life in our cyber society is characterized by digitalization and the Internet. Financial transactions are also handled via the Internet, as are purchases and partner searches. The ubiquitous smartphone is the new center of human life. Unfortunately, today's cyber society has also brought a new form of crime - cybercrime. Studies show that people are now more likely to become victims of cybercriminals than traditional criminals.