Category: Law Enforcement

Law enforcement actions against cybercrime organizations in Israel Cyprus and UkraineI
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January 28, 2022

International law enforcement action takes down cybercrime organization in Bulgaria

Evidently, Gal Barak's E&G Bulgaria was not the only cybercrime organization in Bulgaria. On 26 January 2022, the Bulgarian National Police and their international colleagues took down a cybercrime organization allegedly defrauding mainly German and Greek investors of at least EUR 10 million. They searched 24 locations, seized data, computer equipment, and arrested one suspect. Police officers interrogated 66 witnesses in Sofia and Burgas.  
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German law enforcement forfeited and auctioned luxury carsC
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January 26, 2022

Cool! German prosecutors forfeited and auctioned the scammers’ luxury cars!

Gal Barak‘s Lieutenant Jacki Fitelzon was most recently sentenced to 82 months in prison in Munich. Fitelzon pleaded guilty as charged to being part of..
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Law enforcement actions against cybercrime organizations in Israel Cyprus and UkraineB
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December 22, 2021

Breaking News: German law enforcement arrests two former boiler room managers

German law enforcement agents in Cologne have been investigating boiler room operator Rodeler DE GmbH, which operated CySEC-regulated broker 24option, since at least 2018. In this regard, law enforcement actions had already taken place in Israel in August 2021. Among other things, Israeli law enforcement agents raided offices of PandaTS and seized extensive data. On December 21, 2021, law enforcement announced that two former managers of the German boiler room were arrested.
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Cyprus becomes a cybercrime law enforcement training hubS
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December 13, 2021

Seriously? Cyprus plans to become a cybercrime training camp for law enforcement agents!

One thing is sure. Cyprus is a stronghold of international cybercrime and thrives on scam tourism. One could almost say that Cyprus is firmly in the hands of Israeli financial entrepreneurs and Russian money-laundering principals. Dozens of only Israeli-controlled CySEC-regulated investment firms (CIFs) have their registered offices and headquarters in Limassol. Moreover, cybercrime-facilitating marketing firms and payment processors like BridgerPay or Praxis Cashier call Cyprus home. Now Cyprus also wants to become a global hub for the fight against cybercrime. Really now?
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Law enforcement actions against cybercrime organizations in Israel Cyprus and UkraineC
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December 10, 2021

Cybercrime war – German prosecutors arrested some 30 suspects worldwide, and counting!

The trial of Israeli citizen Tal-Jacki Fitelzon is currently underway in Munich. He was one of Gal Barak's lieutenants in his cybercrime organization E&G Bulgaria. Three former boiler room employees of E&G Bulgaria had already been sentenced to 33, 48, and 54 months in prison in Germany. According to one of the responsible public prosecutors, Bavaria-based Nino Goldbeck, some 30 suspected cybercrime activists sit currently in prisons in pre-trial detention worldwide at the request of German and Austrian law enforcement.
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The EG Bulgaria mafia family of Gal Barak and Marina BarakA
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December 5, 2021

Analysis – More indictments against the E&G Bulgaria Mafia family

Maor Sioni has referred to Gal Barak's cybercrime organization E&G Bulgaria as his family. In proper mafia parlance. Sioni was one of the family's executives. Another executive, Tal-Jacki Fitelzon is currently standing trial in Munich, Germany. The indictment accuses him of being a ringleader of the cybercrime organization E&G Bulgaria, which allegedly defrauded tens of thousands of consumers worldwide out of more than €200 million with its scams. Jacki has already pleaded guilty to this charge as a ringleader of the Mafia family.
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Kfir Levy was arrested in ManilaV
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November 29, 2021

Video showing the arrest of cybercrime activist Kfir Levy in the Philippines

Israeli citizen Tal-Jacki "Jacki" Fitelzon is currently on trial in Munich. He is accused of being a ringleader of Gal Barak's cybercrime organization E&G Bulgaria. On the first day of the trial in Munich, Jacki Fitelzon pleaded guilty and confirmed that E&G Bulgaria was a criminal organization. His co-conspirator, Israeli Kfir Levy, was arrested in the Philippines in October 2021 at the request of German prosecutors. Here is the video of his arrest while he was in a restaura
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Prosecutors charge cybercrime organizationsA
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November 27, 2021

Analysis – Prosecuting scam networks as criminal organizations

We have been analyzing the cybercrime investigations and indictments of the Austrian and German law enforcement agencies. Most recently, the public prosecutors' offices in Bamberg, Rostock, and Cologne caused a stir with action days in Israel, Cyprus, Ukraine, Serbia, Bulgaria, and other jurisdictions. The respective law enforcement agencies investigate different cases but share their findings and coordinate their actions and charges. They do not prosecute individual scams but work on the hypothesis of criminal organizations.
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The Israeli Snitching Game around Gery ShalonA
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November 3, 2021

Action Days Update – The Snitching Game, fears, and a decisive arrest!

German law enforcement authorities have decided to hunt down and shut down the Israeli scammer scene worldwide. They target scam-facilitating broker platforms, payment processors, and marketing companies. In August 2021, German law enforcement raided PandaTS, early October, they raided offices in Bulgaria, Georgia, Cyprus, and Israel to crack down on an Israeli cybercrime organization and its scams. Four suspects have been arrested. One of them is Pavel Kotler, allegedly one of Gery Shalon's key finance guys. The Israeli Snitching Game is on.
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Law enforcement actions against cybercrime organizations in Israel Cyprus and UkraineP
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October 27, 2021

Press release of German prosecutors explaining law GetFinancial enforcement actions!

Today, the German Public Prosecutor's Office in Bamberg issued the press release on last week's law enforcement actions in Israel. On 19 October 2021, the Cybercrime Central Office of Bavaria (ZCB) conducted comprehensive law enforcement actions against members of a cybercrime organization, who are accused of having been active since 2015, especially from Georgia and Israel. They allegedly have defrauded persons in a large number of countries of millions of euros via cybertrading scams. A total of 7 arrest warrants were successfully executed in Georgia
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German police arrested GetFinancial scammers in IsraelA
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October 24, 2021

Another update on the GetFinancial Case with some more brands and names!

Yes, it's true. The GetFinancial scam wasn't the biggest scam of the cybercrime organization that German, Austrian and Israeli law enforcement cracked down on this week. During a law enforcement day in Tel Aviv, 20 people were temporarily detained and questioned. Four individuals are reported to remain in custody and be extradited to Germany. In connection with this cybercrime organization, the name of Israeli lawyer David Bar-El is repeatedly mentioned. Another update with more names.
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Law enforcement actions against cybercrime organizations in Israel Cyprus and UkraineT
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October 21, 2021

The Wandering Fraud & an update on the GetFinancial Case!

Simona Weinglass provided an update on the GetFinancial Case and the respective law enforcement actions in Israel, which have been initiated by German prosecutors. Allegedly, 15 people have been questioned by the police, four are said to be extradited to Germany. Court documents show that the cybercrime organization ran the scams GetFinancial, IntegraOption, SolidCFD, TradeSolid, BitCapitalMarkets, MyCoinbanking, Procapitalmarkets, Profitstrade, FXPace, Acceptrade, and Gainfintech using the platforms SpotOption and Tradologic.
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