
Catch Me If You Can! Convicted Binary Options Fraudster Launched Startup Fund to support other Convicted Cybercriminals!
In September 2020, Israeli Gal Barak was sentenced to four years in prison for investment fraud and money laundering by a court in Vienna. He was released on parole in 2021 and has since founded the Vantage fund in Israel, which aims to finance convicted cybercriminals and their startups. However, German prosecutors also charged Barak as a principal of the cybercrime organization E&G Bulgaria. The case is currently before the European Court of Justice.