Category: ticker

Gal Barak and his management team with Kfir Levy and Jacki FitelzonG
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October 26, 2021

Germany’s War against cybercrime – Gal Barak Deputy Kfir Levy arrested!

German authorities are known for their slow thoroughness. The culture of the Germans is to plan and build complex things and then run the machine effectively. It took a few years to get the machine running even in the fight against cybercrime and scammers. But now the war machine is running. They declared war on the Israeli cybercrime scene. Reportedly, Gal Barak's deputy Kfir Levy has now also been arrested in the Philippines. At the request of the German authorities.
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Zecharia Fitelzon pleads guiltyB
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October 26, 2021

Breaking News – Gal Barak’s drug-addicted cybercrime lieutenant Jacki Fitelzon pleads guilty!

The 44-year old Israeli Tal-Jacki “Jacki” Zecharia Fitelzon was a lieutenant of the cybercrime organization E&G Bulgaria of Gal Barak, the “Wolf of Sofia.” The..
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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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Richard Brockhume and Jubiter and CoinDeckJ
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October 22, 2021

Jubiter CEO Richard Brockhume explains the difficulties with scammers!

FinTelegram writes mostly negatively about companies and persons, which is owned to the fact that we are committed to protecting investors and consumers. Thus, we warn against scams and their facilitators. Most recently, the crypto payment processor Global DLT Exchange S.R.O. was in the focus of our reports. We spoke with Jubiter and CoinDeck CEO Richard Brockhume about it to better understand scam-related issues for crypto payment processors.
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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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German police arrested GetFinancial scammers in IsraelG
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October 20, 2021

German law enforcement allegedly arrested GetFinancial scammers in Israel!

This morning it was announced via Israeli media that up to 20 arrests have been made in Israel at the request of the German prosecutor's office. Allegedly, 4 to 6 Israelis are to be extradited to Germany to face charges of binary options and broker fraud. According to the latest information, it is said to be an action by the prosecutor's office in Bamberg, Germany, in connection with the GetFinancial scam. We do not have a definite confirmation yet. The international law enforcement operation is said to have taken place in Israel and Georgia, where the organization is also said to have operated boiler rooms.
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Law enforcement actions against cybercrime organizations in Israel Cyprus and UkraineB
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October 20, 2021

Breaking News – 20 people arrested in Israel on German request

The Israeli online news platform News 13 reported that some 20 people had been arrested on charges of binary options fraud in a joint law enforcement operation of Israeli and German authorities. Six of the detained allegedly will be remanded in custody for a request for extradition to Germany. Later today, six of the suspects will be brought to the Jerusalem Magistrate's Court for a hearing on the extension of detention for the purpose of requesting their extradition to Germany.
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Crypto payment processor faucetpayR
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October 20, 2021

R4I – Have you heard about the WALP Entertainment?

We did not know about WALP Entertainment S.R.L. until recently. The company supposedly is registered in Costa Rica and is massively involved in crypto gambling. This offshore entity also operates the unlicensed crypto gambling site Pasino (www.pasino.com) and the unregulated crypto payment processor FaucetPay (www.faucetpay.io). WALP Entertainment is also the issuer of the Feyorra (www.feyorra.com) crypto token, which is positioned as a payment token for the gambling industry.
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Three Wise Monkeys Strategy for Fintech StartupsR
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October 18, 2021

R4I – SmartApe, the Russian-Israeli hosting company for cybercriminals!

Many evil people hate FinTelegram. For a good reason. These people are cybercrime activists who steal money from consumers through illegal websites and get rich doing it. Many of these bad people are Israelis who use the considerable potential of their highly-gifted FinTech pundits to steal money in the cyberfinance space. FinTelegram writes about these people. We are hated and slandered for this, for example, by people around Gery Shalon, Gal Barak, or Vladislav Smirnov, who run defamatory websites via the hoster SmartApe.
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FCA warns against fund recovery scamA
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October 18, 2021

Attention! Don’t fall for the Active Refunds fund recovery scam!

Unfortunately, it is a sad truth that the majority of so-called fund recovery providers are either directly operated by scammers or work with dubious methods. We know that many fund recovery providers cooperate closely with scammers and receive victim data from them. This way, the already damaged victims of scams are ripped off once again and for good. The UK FCA has today warned against Active Refunds (www.activrefunds.com) falsely presenting itself as an FCA-regulated company.
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German prosecutors seized Arotrade and other domainsU
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October 15, 2021

Update on Europol law enforcement actions in Cyprus, Bulgaria, and Ukraine

On 6 October 2021, extensive law enforcement actions were coordinated by Europol and Eurojust in Cyprus, Bulgaria, and Ukraine. Please read our report here. These actions took place on the initiative of German prosecutors in Goettingen, Braunschweig, and Rostock and concerned the so-called "FX Leader Case." FX Leader was one of the alleged up to 170 scam brands operated by a cybercrime organization. During the action, a suspected high-ranking member was arrested in Limassol. Police seized numerous websites and domains.
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Estonian FIU and its improper dealing with crypto licensesN
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October 14, 2021

No more licenses! The end of Estonia’s weird crypto laundering strategy?

In June 2021, Matis Maeker resumed his post as the head of Estonia’s Financial Intelligence Unit (FIU). The agency is the regulator for the thousands of crypto licenses that have been issued over the last couple of years. t agency believes Estonia should scrap its current crypto regulations and start again, he said in an interview with the local news outlet Eesti Ekspress. In total, the FIU issued more than 3,000 licenses (report here). In 2020, some 1,800 licenses have been revoked. Currently, around 400 crypto licenses are still active, which is more than all other EU member states issued.
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