Elfriede Sixt | FinTelegram News

Tag: Elfriede Sixt

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.

July 30, 2020

Vienna Cybercrime Trials – First Witness Day and Witness Bribery

Today the third day of the Vienna Cybercrime Trials against the Israeli Gal Barak took place in Vienna. The prosecutors charge Barak of being the principal of the cybercrime organization E&G Bulgaria which operated a worldwide scam broker and money-laundering network with big fraud brands like XTraderFX, SafeMarkets, Golden Markets, CryptoPoint or OptionStars. The verdict is expected in early September 2020. Until then, several more days of hearings will take place. Today, many witnesses have been heard. In parallel, a friend of Baraks' tried to bribe a potential witness to testify in his favor.

July 24, 2020

Wirecard cybercrime case turns into a lethal EY scandal

The Wirecard cybercrime case is developing more and more of a lethal scandal for the auditor EY. Over the years, EY may have systematically failed to ask critical questions and to carry out proper auditing activities. For years, unqualified audit opinions were issued and fueled the Wirecard hype. Such an unqualified audit opinion was apparently also planned for 2019, despite the many publicly known facts and despite the KPMG report already available. This was disclosed to the Financial Times by a whistleblower.

July 8, 2020

Vienna Cybercrime Trial – Barak’s attorney blames ‘stupid’ and ‘greedy’ victims for their losses!

The first day of trial in a landmark cybercrime trial against suspected Israeli scam broker operator Gal Barak. The trial began punctually at 9.30 am in Vienna. The trial was also observed by the Austrian lawyer of Barak's Russian partner, Vladislav Smirnov. In addition, EFRI Principal Elfriede Sixt was in the courtroom as representative of the aggrieved small investors. The process is under international observation and is seen as a reference model for further cybercrime processes in the EU.

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 5, 2020

Compliance violations make Wirecard liable for injured investors says expert

In our European edition of FinTelegram News, today published a further analysis of the results of the KPMG special audit report. It is currently no longer a secret in the Fintech and financial scene that Wirecard, which is listed on the German DAX, has a serious problem with the not even very critical KPMG report. From the point of view of our FinTelegram Research Team as well as from the point of view of the investor protectors of the European Funds Recovery Initiative (EFRI), it is clear on the basis of the findings of the KPMG report that Wirecard has not properly fulfilled its KYC/AML obligations.

May 1, 2020

Breaking News – Payvision founders Rudolf Booker, Cheng Liem Li, and Gijs op de Weegh resigned!

Payvision founder and CEO Rudolf Booker was the subject of numerous reports on FinTelegram. At least since 2015, he had navigated his Payvision into the..

March 4, 2020

German Handelsblatt published a new report on Wirecard and the EFRI money-laundering complaint

Felix Holtermann and Christian Schnell of the German Handelsblatt reported on the money-laundering report filed against Wirecard by the European Funds Recovery Initiative (EFRI). In a detailed article titled "The past catches up with Wirecard" the background of the global scam industry and the respective involvement of payment processors is explained.

August 30, 2019

EFRI Support for funds recovery lawsuit against 23Traders and its perpetrators in Tel Aviv

FinTelegram’s mission is to protect investors and support defrauded retail investors and victims of investment scams. To this end, FinTelegram co-founded the European Funds Recovery..

August 21, 2019

Gal Barak – New court hearing for extradition and the EFRI petition

Tomorrow another court hearing will take place in Sofia to decide on the extradition of Gal Barak to Austria on the legal grounds of an..

August 19, 2019

EFRI Report on #BrokerScams in Europe and the #CyberScam S-Curve

The European Funds Recovery Initiative (EFRI), co-founded and proudly supported by FinTelegram, helps victims of cyberscams to recover their funds. In doing so, EFRI has..

August 14, 2019

EFRI #Cyberscam Campaigns go Europe – fighting #Cyberscams on European Level

For FinTelegram and the European Funds Recovery Initiative (EFRI) launched by FinTelegram under the leadership of the auditor and former Ernst & Young partner Elfriede..