Tag: EFRI

The Regional Court of Cologne has sentenced German B2G principal Rainer Treuer to two years and four months for unauthorized payment-services activity linked to the notorious B2G payment network. The judgment confirms what FinTelegram warned years ago: B2G was not a harmless consultancy outfit but a payment-collection machine moving victim funds through German bank accounts and onward to foreign recipients.

At first glance, Payvision may look like an old scandal from the binary-options era. It is not. A newly reviewed EFRI dossier argues that Payvision did not merely sit in the background as a payment processor, but allegedly helped build, adapt, and preserve the payment rails that kept the Lenhoff/Barak fraud factories running. That matters now because the fallout is still alive: EFRI is pursuing claims in Amsterdam, criminal-file materials continue to be re-evaluated.

The French Supreme Court (Cour de Cassation) has just recently firmly established the liability of payment processors like WorldPay and Seroph Holding (AlgoCharge) for facilitating unauthorized binary options schemes. As restitution payouts loom, this critical ruling sets a formidable due diligence standard that could ripple across the EU, offering renewed hope for victims pursuing institutional giants like ING's Payvision.

The newly published Payvision chats could become the most damaging documentary evidence yet in Europe’s long-running broker scam scandal. According to EFRI and the cited criminal case files, Payvision did not merely process transactions for Lenhoff and Barak-linked fraud networks — it allegedly helped them solve payment problems, reroute settlements, and survive banking disruption, all while generating lucrative fee income.

For FinTelegram and the European Funds Recovery Initiative (EFRI) launched by FinTelegram under the leadership of the auditor and...

The hot fight against Cybercrime This summer is not only hot in terms of temperatures at record levels. The fight...

Tonight another threat has been sent to the various email addresses of FinTelegram and EFRI and to the persons...

Gal Barak fights FinTelegram and the editor. With lawyers, technical assaults and kill orders. In choosing its means, the Israeli cyberscam entrepreneur is not squeamish.

Today was not actually a good day for the shares of the crisis-ridden Veltyco Group on the London Stock...

In recent weeks, the European Funds Recovery Initiative (EFRI) has received legally effective Power of Attorney (POA) from hundreds...

The story of the German Uwe Lenhoff, his public UK company Veltyco Group PLC and the cybercrime organization associated...

In January 2019, with the arrest of Uwe Lenhoff, founder of Option888 we started our first EFRI-campaign. In February...