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Tag: Global Payment Solutions

November 18, 2020

Investor Alert – Fund Recovery Scam caused the suicide of a German victim

In his late 70s, a German investor had lost all his life savings of around €400,000 to the scams of German Uwe Lenhoff. In his desperation, the investor was approached by a Fund Recovery scam promising him to recover the funds. But first, they said, they need a few thousand Euros initial payment. The old man had borrowed the money for the initial payment from a friend. The Fund Recovery scammers also took this money from him. In his desperation, the 80-year-old took his own life last week.

October 21, 2020

Vienna Cybercrime Trials and the disturbing Balkan Papers

The Israeli scammer and cybercrime principal Gal Barak was sentenced to four years in prison and restitution payments at the beginning of September 2020 at the start of the Vienna Cybercrime Trials ("#VCT"). Further charges against his co-conspirators will follow in various EU jurisdictions. Barak and his partner Uwe Lenhoff have also operated their illegal boiler rooms and payment processors in the Balkans. The Balkan Investigative Reporting Network has recently published the Balkan Papers related to the #VCT.

September 26, 2020

BaFin issues cease and desist order against TheCapitalStocks and RoyaltyFinance

The German regulator BaFin has warned against the broker scams TheCapitalStocks (www.thecapitalstocks.com) and RoyaltyFinance (www.royaltyfinance.io) which are allegedly operated by Kleinman Enterprise Ltd in St. Vincent & the Grenadines. Already in August 2020, the Italian CONSOB warned against these scams. Both are white label solutions of the Bulgarian Global CRM Solution Platform.

FinTelegram

September 1, 2020

FMA warns against IFX Banc and Global Payment Solutions

On September 1, 2020, the FMA issued an investor warning against IFX Banc (www.ifxcapitals.com and www.ifxbanc.com) which is allegedly operated by Global Payment Solutions LLC in Podgorica, Montenegro. A quickly conducted review by FinTelegram revealed that the Bulgarian Ankor Group Investment Ltd is also stated as the operator. Once again, the Cypriot Praxis Cashier System Ltd of Amit Klatchko appears as a payment processor along with the Estonian AllGlobalPay.

July 28, 2020

Vienna Cybercrime Trials – Defendant Barak confirms involvement of his wife and Payvision role

The second day of the Vienna Cybercrime Trials against Gal Barak, the alleged Israeli principal of an international cybercrime organization and operator of numerous broker scams, brought remarkable findings. The prosecutors confronted Barak with payment transactions of the various companies of Barak's cybercrime organization. At the center of these transactions was the notorious GPay Ltd. And, oh yes! Barak was not the boss, he said. He just liked the offices in Sofia.

July 7, 2020

Gabi the Georgian – The DDoS Warrior is the Pink Elephant in Vienna Cybercrime Trial

On 8 July 2020, the trial against the alleged Israeli scammer Gal Barak begins in Vienna. However, Barak was only one of three partners in a global cybercrime organization to which E&G Bulgaria was related. The notorious Israeli scammer, hacker, and DDoS warrior Gery "Gabi" Shalon is the boss of this organization and the pink elephant in the Vienna trial.

June 28, 2020

Well-known Belgrade Lawyer Attacked and Defamed

The victim of these attacks in Belgrade is not unknown on the international scammer scene. Marko Vujosevic, 39, is a well-known lawyer in Belgrade and a partner in the law firm Vujosevic & Partner. Allegedly Vujosevic was attacked by several thugs. In addition, large posters (see featured image) have been put up in various places in Belgrade in which Vujosevic is described as a thief, forger, and crook.

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.

December 4, 2019

What the extradition of alleged Israeli broker scam perpetrator Gal Barak to Austria means for European fight against scams and cybercrime

Finally, it happened! Tens of thousands of scam victims in the EU have been waiting for this for months. EFRI has sent petitions to the..

August 10, 2019

#CyberScam Analysis – What we can learn from the Lee Elbaz trial for the analysis of other cyberscam organizations like E&G Bulgaria

The findings of the US authorities in the broker fraud case involving Yukom Communications and its now convicted CEO Lee Elbaz should help us to..

FinTelegram

August 7, 2019

Gal Barak extradition – another court meeting scheduled today in Sofia

In Sofia today the Austrian authorities are making a new attempt in court to extradite the Israeli Gal Barak to Austria. As is well known,..

June 28, 2019

Wolf of Sofia – Bulgarian report on alleged kill orders issued by Gal Barak

The Bulgarian press published a big report about kill orders the Wolf of Sofia, Gal Barak, allegedly issued. According to the information available to FinTelegram,..