Gery Shalon | FinTelegram News

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Fake News

October 24, 2021

Hop Rocks or how to distribute fake financial news!

Hop Rocks is one of the hundreds of digital marketing agencies facilitating scammers and cybercrime activities. The venture was founded in 2019, has its headquarters in Dubai, UAE, and an office in Sri Lanka. On the website, one looks in vain for the details about legal entities or people behind Hop Rocks. Most recently, fake news website operators have hired the agency to place their amounts on reputable online news sites. One of the agency's clients is Gery Shalon's cybercrime organization.

October 21, 2021

The Wandering Fraud & an update on the GetFinancial Case!

Simona Weinglass provided an update on the GetFinancial Case and the respective law enforcement actions in Israel, which have been initiated by German prosecutors. Allegedly, 15 people have been questioned by the police, four are said to be extradited to Germany. Court documents show that the cybercrime organization ran the scams GetFinancial, IntegraOption, SolidCFD, TradeSolid, BitCapitalMarkets, MyCoinbanking, Procapitalmarkets, Profitstrade, FXPace, Acceptrade, and Gainfintech using the platforms SpotOption and Tradologic.

October 20, 2021

German law enforcement allegedly arrested GetFinancial scammers in Israel!

This morning it was announced via Israeli media that up to 20 arrests have been made in Israel at the request of the German prosecutor's office. Allegedly, 4 to 6 Israelis are to be extradited to Germany to face charges of binary options and broker fraud. According to the latest information, it is said to be an action by the prosecutor's office in Bamberg, Germany, in connection with the GetFinancial scam. We do not have a definite confirmation yet. The international law enforcement operation is said to have taken place in Israel and Georgia, where the organization is also said to have operated boiler rooms.

October 20, 2021

R4I – Have you heard about the WALP Entertainment?

We did not know about WALP Entertainment S.R.L. until recently. The company supposedly is registered in Costa Rica and is massively involved in crypto gambling. This offshore entity also operates the unlicensed crypto gambling site Pasino (www.pasino.com) and the unregulated crypto payment processor FaucetPay (www.faucetpay.io). WALP Entertainment is also the issuer of the Feyorra (www.feyorra.com) crypto token, which is positioned as a payment token for the gambling industry. Pasino advertises on one of Gery Shalon's websites.

October 18, 2021

R4I – SmartApe, the Russian-Israeli hosting company for cybercriminals!

Many evil people hate FinTelegram. For a good reason. These people are cybercrime activists who steal money from consumers through illegal websites and get rich doing it. Many of these bad people are Israelis who use the considerable potential of their highly-gifted FinTech pundits to steal money in the cyberfinance space. FinTelegram writes about these people. We are hated and slandered for this, for example, by people around Gery Shalon, Gal Barak, or Vladislav Smirnov, who run defamatory websites via the hoster SmartApe.

October 12, 2021

Prosecutors filed the indictment against Israeli cybercrime lieutenant Jacki Fitelzon

We already reported a few weeks ago about the upcoming indictment of Israeli Tal-Jacki Zecharia Fitelzon. The 44-year-old guy was a lieutenant of the cybercrime organization E&G Bulgaria of Gal Barak, the "Wolf of Sofia." The latter was sentenced to four years in prison in Vienna in September 2020. The Central Office Cybercrime Bavaria (ZKB) has filed charges against Fitelzon for defrauding 335 German victims of approximately €8.7 million. Fitelzon must now face a trial in Munich. Further charges surrounding E&G Bulgaria will follow.

September 16, 2021

Gery Shalon – The Plea Deal and the forfeited fortune of a cybercrime mastermind

In 2015, U.S. prosecutors charged the Georgia-born Israeli citizen Gery "Gabi" Shalon in a twenty-three count Superseding Indictment. He was charged with computer hacking, securities fraud, aggravated identity theft, illegal online gambling, illegal money transmitting business, and money laundering. Most of the files are still unsealed. What is known now is that in April 2017, Shalon has pled guilty to all 23 counts and made a plea deal with prosecutors that included transferring all seized funds and assets to the United States. We are talking about a real big fortune. We are talking about a real big fortune including a $74.7M bank account.

August 31, 2021

Cyprus Boiler Rooms in Belgrade II – Parogan, Olympus Prime, and Asgard

Israeli online entrepreneurs have annexed two cities in Europe - Limassol and Belgrade. The boiler room scene in Belgrade, the Manhattan of the Balkans, is still vibrant. We started our series with perhaps the most notorious boiler room operator in Belgrade, the Cyprus resident Armin Ordodary. With his Bizserve DOO, he runs a boiler room whose agents attack customers in Europe with various scams. Cypriot Nikos Andreou is also active in Belgrade through his boiler rooms Parogan and Olympus Prime. As is Pantelakis Kyriakou. But let's properly unfold the story.

August 21, 2021

Background Report – International cybercrime, Bet90, and the dirty Maltese connections!

It was perhaps the largest cybercrime organization in Europe, but certainly, it was in Germany. The public prosecutor's office announced that the cybercrime case surrounding the German Uwe Lenhoff, who died in prison, had produced more than 200,000 victims in Germany alone. Lenhoff and Dutch real estate investor Dirk-Jan Bakker established Veltyco Group PLC, which is listed on the London Stock Exchange. After Lenhoff's death, the company was renamed B90 Holdings PLC and operates the Bet90 sportsbook platform , licensed by the MGA. Bet90 has been funded with money stolen from the victims in this very same cybercrime case.

August 17, 2021

Israeli-German-Dutch scam network allegedly produced more than 200,000 victims in Germany

In September 2021, the Israeli cybercrime kingpin Gal Barak was sentenced to four years in prison for investment fraud and money laundering in Austria. German prosecutors, led by Nino Goldberg, also want to charge Gal Barak, see him convicted and sentenced to prison. Barak appealed against the indictment; the case is currently before the European Court of Justice. Barak's former boiler room manager Tal-Jacki Fitelzon has already been indicted. Barak's former partner in crime, Uwe Lenhoff, died in prison last year, but his co-conspirators will be indicted. Barak and Lenhoff allegedly produced more than 200,000 victims in Germany!

August 6, 2021

Interesting! Nasdaq-listed GreenBox POS acquires notorious Bulgarian Transact Europe

GreenBox POS is a California-based FinTech company specializing in payment solutions on the blockchain. The company has been listed on Nasdaq with the symbol GBOX since February 2021 and currently has a market capitalization of around $450M. Transact Europe is a Bulgarian financial institution with an intense past in the largely fraudulent binary options industry. Transact Europe was one of the facilitating payment processors of Gal Barak and his Bulgarian E&G Bulgaria. GreenBox POS is to acquire Transact Europe for $30M in cash.

July 16, 2021

Cybercrime Trials – Gal Barak’s wife acquitted but more charges to come!

E&G Bulgaria allegedly defrauded tens of thousands of consumers in Europe out of more than €200 million with its scams According to law enforcement agencies in Germany, Austria, and Switzerland, the principals of this organization were Israelis Gal Barak and Gery Shalon and their Russian partner Vladislav Smirnov. Barak was sentenced in Austria in September 2020 to four years in prison and restitution payments in the millions for investment fraud and money laundering. His wife, Marina Barak, who was also charged, was acquitted; the prosecutors appealed.