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Tag: B2G

February 9, 2021

BaFin’s Cease and Desist Order against illegal payment processor Egramming is final

The illegal German payment processors are very popular among the worldwide scammer community. Companies like B2G of Rainer Treuer and his Russian partner Oleg Shvartsman have processed tens of millions of scammers like Gal Barak or Uwe Lenhoff and contributed to the fraud of tens of thousands of small investors. In October 2020, BaFin issued a Cease and Desist Order against the German Egramming, which allegedly facilitated the crypto scam Capital Coin Exchange, among others. The order is final now!

September 24, 2020

Vienna Cybercrime Trials – Passionate law enforcement teams meet whistleblowers and EFRI

The Vienna Cybercrime Trials ("#VCT") have been an important step in the fight against scammers, cybercrime, and money laundering. The #VCT findings have also facilitated investigations and prosecutions in other jurisdictions and other scam cases. The first arrests in connection with the #VCT were made by EU arrest warrants issued by Austrian authorities. Thanks to the help of whistleblowers and FinTelegram. Now, leading EU investigative media like SZ report about the "Fall of the Wolf."

August 21, 2020

BaFin issues cease and desist order against payment processor Global Data Conduct

The German regulator has issued a Cease and Desist Order against the illegal payment processor Global Data Conduct GmbH, a company registered in Cologne, Germany. This German company at least acted as facilitator for the broker Scam TradesFX, received bank transfers from client victims and forwarded them to the scammers. The sole managing director of the company is Anatolijs Dedenko, who lives in Düsseldorf.

August 4, 2020

Open Letter to AnyDesk – Producer of terribly efficient cybercrime tools

Germany is something of a strategic base for international cybercrime and money laundering. It has been known not only since the collapse of the former FinTech star Wirecard that Germany makes considerable contributions to the prosperity of the international cybercrime and scammer scene. Dozens of illegal German payment processors like B2G, TrustSecure, or StronIT are facilitating scams in plain sight of law enforcement. The German software company AnyDesk Software GmbH provides a highly efficient remote access software to empower fraudulent boiler room agents.

August 4, 2020

Open Letter to AnyDesk – Producer of terribly efficient cybercrime tools

August 3, 2020

BaFin issues another Cease and Desist Order to illegal payment processor TrustSecure

The unauthorized and thus illegally operating German payment processor TrustSecure GmbH has been operating since 2017. Initially, the company was founded at the end of 2017 as SCRI-Alpha 961 GmbH as an asset management company. Already in January 2018, the company was renamed to Trustsecure GmbH and Serghei Grodetchi with official residence in Düsseldorf was appointed as managing director. The BaFin issued another cease-and-desist order to TrustSecure in the context of the broker scams FDM Trade Online and TradesPrime.

July 12, 2020

German FinTech Turf -Michael Gastauer and Black Banx

Until recently, Germany had a good reputation in the financial sector although its banking industry has significant structural problems. All the more reason to be proud of Wirecard. The DAX-listed German fintech managed by the two Austrians Markus Braun and Jan Marsalek seemed to be the superstar in the booming market of next-generation payment processors. Until it collapsed. But there are several dubious German fintechs and payment processors that are active in the worldwide cybercrime scene. Michael Gastauer and his group of companies should be mentioned here.

June 27, 2020

Cybercrime Court Case – German B2G and the stolen client funds in the E&G Scheme!

The Austrian prosecutors are the first the brought charges against the alleged cybercrime principal Israeli Gal Barak. The process starts on 8 July 2020 in Vienna. The focus will be on the beneficial owner and principal of the cybercrime organization surrounding E&G Bulgaria EOOD. Barak has been charged with investment fraud and money laundering.

June 25, 2020

German Prosecutors confirm probe into illegal payment processor B2G

The office of the responsible German public prosecutor's office has confirmed the investigations against B2G and the acting persons Rainer Treuer and Oleg Shvartsman. The company and the people are suspected to have facilitated scams and cybercrime ventures as an illegal payment processor.

June 23, 2020

Illegal German payment processor B2G in the crosshairs of international justice

The illegal German payment processor B2G GmbH with the two managing directors, the Germain Rainer Treuer and his Russian partner Oleg Shvartsman, is in the focus of the investigations of Law Enforcement in several jurisdictions within and outside the EU. This is no surprise, as B2G as a payment processor has facilitated the worst broker scams such as Option888 or Blue Trading.

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.

July 15, 2019

Update on EFRI funds recovery campaigns and facilitating payment services providers

In recent weeks, the European Funds Recovery Initiative (EFRI) has received legally effective Power of Attorney (POA) from hundreds of client-victims of various broker schemes...