Ilan Tzorya | FinTelegram News

Tag: Ilan Tzorya

May 26, 2024

Forensic Cybercrime Evidence: Legal Analysis on Gladius Network LLC vs. Krypton Blockchain Holdings Ltd!

A 2018 lawsuit in the U.S. filed by Gladius Network LLC against Krypton Blockchain Holdings Ltd. presents significant insights into the intricate web of business relations, cybercrime allegations, and investment disputes involving high-profile cybercrime activists. This case further substantiates the involvement of Gery Shalon, aka Garri Shalelashvili, and his Russian partner Vladimir Smirnov as the true beneficial owners behind the companies associated with Israeli national Ilan Tzorya.

Court Cases

May 26, 2024

The Seychelles Court Case: Another Evidence for the Involvement of Shalon and Smirnov in the EG Bulgaria Cybercrime Case!

In March 2022, the Seychelles Supreme Court dismissed a lawsuit involving Oldypak Capital LP and GV Holdings Limited against Tempox Holdings Limited (formerly Tradologic HK Limited), Ilan Tzorya, and DTI Group Inc. This case further implicates the beneficial owners of the plaintiffs, Gery Shalon and Vladislav Smirnov, in the massive cybercrime operation surrounding E&G Bulgaria and Tradologic.

January 19, 2023

Novox Group: The Hidden Binary Options Scam Enabler And The Guilty Plea!

Novox Capital, once a CySEC-regulated company, operated some "regulated" binary options brands. Additionally, Novox provided services to numerous scam schemes and offered them a regulatory umbrella: Option888 of Uwe Lenhoff, OptionStars of Gal Barak, and many others. The beneficial owners of the Novox Group were the cousins' Shay Hillel and Yehoram Hillel. They were also the main shareholders of the broker software company Tradologic. Novox and the Hillels are also at the center of the various trials.

December 26, 2022

Interesting! The Vanished Binary Options Scam Facilitator Novox Capital And Its Legacy!

More trials against binary options scam operators or their facilitators coming up in the first half of 2023. The former beneficial owners of the (then) CySEC-regulated Novox Capital Ltd are also in the spotlight: the Israelis Shay Hillel, Yehoram Hillel, and their partner and frontman Israel Bash. They are currently not charged however the prosecution alleges that their Novox Capital had been massively involved in running and facilitating vast binary options scams. Gal Barak and his cybercrime organization E&G Bulgaria were a close partner and client of Novox Capital.

February 6, 2022

Wanted for court service – Mark Tepterev and his Russian-Estonian hosting provider SmartApe

Israeli Gal Barak, sentenced in September 2020 to four years in prison for investment fraud and money laundering, was a ringleader of the cybercrime organization E&G Bulgaria. He was released from jail on probation. He currently runs defamatory websites in which he slanders FinTelegram, EFRI, and his former partner. An EU court has ordered the hoster SmartApe to delete the articles, but the court order has not been served yet. We are therefore looking for the whereabouts of its director Mark Tepterev.

January 17, 2022

Exposed! FCA-regulated MoneyNetInt involved in big-style money-laundering!

The trial against the ringleaders of the cybercrime organization E&G Bulgaria is currently underway in Munich, Germany. Gal Barak was already sentenced to four years in jail in Vienna in Sept 2020. Almost unnoticed, the preparation of charges against several ringleaders of the cybercrime organization around the late Uwe Lenhoff and the Veltyco Group is currently underway in Saarbrücken. Criminal records show that MoneyNetInt was massively involved in Lenhoff's money laundering.

December 15, 2021

Cybercrime war – Who is the real Wolf of Sofia?

In September 2020, an Austrian court sentenced Gal Barak, the Wolf of Sofia, to four years in prison for investment fraud and money laundering. He was recently released on parole and is currently staying in Israel, where he gave an interesting interview to Calcalist in August 2021. He spoke openly about the fraud and manipulation with his scam brands XtraderFX, OptionStarsGlobal, SafeMarkets, and Golden Markets. According to Barak, everyone in the organization was aware of the fraud.

December 5, 2021

Analysis – More indictments against the E&G Bulgaria Mafia family

Maor Sioni has referred to Gal Barak's cybercrime organization E&G Bulgaria as his family. In proper mafia parlance. Sioni was one of the family's executives. Another executive, Tal-Jacki Fitelzon is currently standing trial in Munich, Germany. The indictment accuses him of being a ringleader of the cybercrime organization E&G Bulgaria, which allegedly defrauded tens of thousands of consumers worldwide out of more than €200 million with its scams. Jacki has already pleaded guilty to this charge as a ringleader of the Mafia family.

November 23, 2021

Munich Trial Day #1 – Jacki Fitelzon plead guilty; agreed to a 78+ months prison time but …!

On day #1 of the Munich Trial, the 44-year old Israeli Jacki Fitelzon offered a guilty plea including a full and comprehensive confession in exchange for a moderate sentence. Prosecutor and the defense attorney agreed on a sentencing between 78 to 84 months prison time. The final decision is up to the judge. In addition, the defense attorney offered that all the claims of the victims represented by EFRI would be recognized. The prosecutor started with his questions before the trial was adjourned to next Friday.

November 14, 2021

Fighting cybercrime – Next trial in the ‘Wolf of Sofia’ Case starts!

Israeli Gal Barak is a nice and funny guy in private. But yet his business is scams and online investment fraud. He was one of the cybercrime organization E&G Bulgaria principals and was sentenced to four years in prison by a court in September 2020. He was the Wolf of Sofia! Remarkably friendly sentencing given the alleged €200 million his victims' losses amounts to. His Israeli lieutenants Tal-Jacki "Jacki" Fitelzon and Kfir Levy, are currently in pre-trial detainment in Germany. The trial against "Jacki" will start on November 22, 2021, in Munich. Others will follow suit. Another update!

April 22, 2021

Chasing Scam Facilitators – The Vienna Cybercrime Trials, SpotOption, and PandaTS

Israeli Gal Barak was sentenced in September 2020 to four years in prison and millions in restitution payments for investment fraud and money laundering in the Vienna Cybercrime Trials. Barak also faces charges in Germany. He was the head of the cybercrime organization E&G Bulgaria, which operated broker scams such as XtraderFX, SafeMarkets, Golden Markets, or OptionStarsGlobal. Payvision was its main payment facilitator, and PandaTS, the white label provider, which Barak charges with similar arguments as the U.S. SEC does in its SpotOption fraud complaint.

March 22, 2021

Vienna Cybercrime Trials – Payments, Payvision, and about not being a Chief Financial Officer

Today was day #3 of the Vienna Cybercrime Trials in the case of Marina Barak. Last week, her lawyer, Norbert Wess, had announced that his client would not answer any questions. Apparently, the statements of the law enforcement agent, who provided his testimony today, caused her "I am silent" attitude to change. Marina Barak was then again available for questioning by the court and the prosecutor. Today's focus was all about the financial processes, the payment processors, and the money-laundering of the cybercrime organization E&G Bulgaria.

How U.S. Law Enforcement Infiltrated The International Crypto Scene!

In an unprecedented move, the FBI infiltrated the crypto world with its own token, NexFundAI, to crack down on market manipulation. This case marks a significant shift in crypto enforcement, signaling that law enforcement is evolving its tactics to keep pace with the complexities of the digital asset space. As more fraudsters are exposed, the crackdown on wash trades and pump-and-dump schemes is just beginning.

Breaking: German Co-Founder of Crypto Fraud Scheme USI Tech On The Run!

USI Tech was one of the first MLM schemes to use cryptocurrencies to defraud its investors. FinTelegram has issued several warnings aginst the scheme. Horst Jicha has now gone fugitive, leaving behind a trail of defrauded investors and evading justice in the $150 million USI Tech fraud case. With Jicha on the run, the case serves as a chilling reminder of the risks in the volatile crypto world.

Binance Chief Financial Crime Compliance Officer Denied Bail in Nigerian Case!

Think twice before starting to work for the world's larger crypto exchange. As Binance’s financial crime compliance officer faces money laundering charges in Nigeria, questions mount over the company’s compliance safeguards and the risks involved in its global operations. The denial of bail for Tigran Gambaryan and the ongoing legal battle could have far-reaching implications for the company’s future.

Fintech

Solaris Bleeds Cash and Jobs: Can This High-Risk Fintech Survive, Let Alone IPO?

Solaris, a German fintech and neobank, has a long history of compliance troubles. Moreover, its ongoing financial losses and regulatory woes doubt its long-term profitability, even as it sheds jobs and restructures for survival. A potential IPO, as rumored by the German platform Gründerszene, seems speculative at best in light of its deep-rooted issues with compliance and financial stability.

Breaking: The Binance-Like $3.1 Billion Money Laundering Settlement of TD Bank!

TD Bank, one of North America's largest financial institutions, has been hit with a historic $3.1 billion settlement over money laundering violations. This case represents one of the most significant AML enforcement actions in U.S. history, both in terms of the financial penalties imposed and the severity of the admitted misconduct. Only Binance, with its $4.1 billion settlement, was even larger.