The case surrounding the first and largest EU-wide cybercrime case is becoming increasingly exciting. FinTelegram is being targeted more and more by the defense attorneys of the suspects due to our “biased” reporting. As reported by FinTelegram (and other international media) two masterminds of this cybercrime organization – the German Uwe Lenhoff and the Israeli Gal Barak – are currently in jail awaiting their indictments.
Their smart lawyers now accuse FinTelegram AND the authorities as the actual perpetrators. On the one hand, the facts about LENHOFF and BARAK`s crimes published by FinTelegram would be nothing but lies which the authorities relied upon without checking! On the other hand, the forced closure of the fraudulent brokerage platforms ordered by the authorities would be responsible for the losses of the victims. Ridiculous, isn’t it?
At this point, it is openly questioned who pays the bills of the expensive lawyers of Uwe Lenhoff and Gal Barak. In Austria, these lawyers include the Austrian law firm Dunst (Lenhoff) and CHSH Cerha Hempel Spiegelfeld Hlawati (Barak). Meanwhile. Lenhoff has been extradited to Germany and most likely already has hired additional (quite expensive) German lawyers.
The question to be asked is whether the fees of these lawyers have been paid from the funds of the obviously cheated victims. A legitimate question isn’t it. The general legal opinion of experts is that lawyers must also subject their clients’ fee payments to a KYC/AML audit.
The crucial question here is: since the lawyers must be aware that their clients’ funds are derived from illicit activities, who pays them? Probably good friends of the defendants. The legal representatives have certainly carried out the appropriate KYC and AML checks. FinTelegram will follow up on that.
The good news here is that FinTelegram employees have documented and reported all statements made by Lenhoff, Barak, and Co concerning illegal activities and money laundering. Uwe Lenhoff, for example, boasted to the FinTelegram publisher in 2016 in one of the most expensive hotels in London that he was extensively involved in money laundering from London. Eating his super-expensive “Eggwhite Omelette” he explained in great detail who his partners are and how this works. The FinTelegram publisher made this information available to the authorities and filed a money laundering complaint. And the situation was not that different with Mr Gal Barak. It wasn’t difficult to learn that both are working with scams and illicit money.
We hope that the lawyers engaged by all these fraudsters are careful about the origin of the money which is used to pay for their expensive services. We all hope that it is not the stolen victims´money which ends up in the deep pockets of the expensive lawyers defending potential fraudsters like Uwe LENHOFF and Gal BARAK.