Tag: Elfriede Sixt

ING terminates Payvision and EFRI sends open letterE
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July 1, 2022

EFRI Sends Open Letter To ING CEO And Dutch Regulator Over Payvision Procedure!

Founded by Rudolf Booker in Amsterdam some 20 years ago, Payvision was acquired by ING in 2018 at a valuation of €360 million. ING then discovered that Payvision was a high-risk payment processor that primarily served ethically unacceptable industries such as porn or gambling. In addition, Payvision was a facilitator and money launderer for broker scams. In 2020, ING sold the unethical business back to the Payvision founders for a symbolic euro. In 2021, ING announced that it had decided to close Payvision after an extensive review. Currently, this closure is being processed but Payvision victims are not compensated.
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We are looking for Ljudmila MohacsekP
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January 16, 2022

Please BaFin! You have to order Google to immediately stop publishing scam ads!

Google, like Meta, has been massively criticized for making a lot of money from advertising scammers. The UK FCA issued 1,200 warnings in 2020 about scams made by fake companies on Google and social media platforms. Consequently, in August 2021, Google UK & Ireland re-regulated the advertising of financial offers, allowing only FCA-regulated firms to advertise financial services, including crypto ads. On the other hand, on Google DE, fraud scheme operators can still buy ads without any restrictions.
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EFRI principal Elfriede Sixt interview on cybercrime and dark webI
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December 17, 2021

Interview with EFRI principal – First, they laughed, then they threatened, and finally, they got arrested!

The European Fund Recovery Initiative (EFRI) was founded in 2018 by the auditor and CPA Elfriede Sixt in a joint effort with FinTelegram and lawyers. EFRI represents more than 1,000 scam victims with around 60 million euros damages. Besides assisting victims, EFRI brought criminal charges through lawyers against scammers and their enablers and facilitators. EFRI is probably the most hated institution for the worldwide scammer and cybercrime scene. Elfriede Sixt talks about her experiences in the fight against cybercrime.
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Gal Barak wanted for failed restitution paymentsW
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November 29, 2021

Whistleblower Campaign – Gal Barak wanted for failed restitution payments!

In September 2020, an Austrian court sentenced the Israeli citizen Gal Barak to four years in prison and a payment of around €4.2 million for investment fraud and money laundering. He was the boss of the cybercrime organization E&G Bulgaria. Of that, €2.5 million has already been seized by authorities from the bank accounts of Gal Barak and his companies. Barak should have paid another €1.7 million within 14 days to the 212 victims represented by EFRI in the trial. Barak failed to pay and fulfill the court order properly. Further legal action against Barak is therefore imminent.
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The Israelii cybercrime organization E&G BulgariaV
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May 12, 2021

Vienna Cybercrime Trials – Gal Barak charged with giving false testimony and the Israeli fraud elite!

Gal Barak was sentenced in the Vienna Cybercrime Trials as one of the masterminds behind the cybercrime organization E&G Bulgaria to four years in prison and millions in restitution payments for investment fraud and money laundering. His Bulgarian wife Marina Barak faces the same charges and is currently on trial. Gal Barak gave false testimony at the trial of his wife and was consequently charged by the prosecution for that. As private prosecutors, the EFRI lawyer and its principal Elfriede Sixt accompany the trials representing the victims' voice!
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AnyDesk boiler room weapon producerO
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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.
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Gal Barak and his funny life as cybercrime principalV
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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.
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Wirecard and EYW
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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.
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Gal Barak and Peter LewischV
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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.
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B2G directors Rainer Treuer and Oleg ShvartsmanI
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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.
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Wirecared ComplianceC
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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.
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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 fraudulent binary options scene at the time, working closely with people like the German Uwe Lenhoff and the Israeli Gal Barak. Both are now in prison and awaiting indictment for forming criminal organizations and investment fraud. Lenhoff was even a distribution partner for Payvision and was to attract additional scam clients.
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