Kfir Levy | FinTelegram News

Tag: Kfir Levy

March 23, 2022

Former Gal Barak Lieutenant Chen Ganon also prosecuted in Germany

Chen Ganon was one of the former lieutenants of the convicted principal of the cybercrime organization E&G Bulgaria, Gal Barak. He was the manager in charge of the broker scam SafeMarkets and has managed the boiler rooms in Belgrade and Sarajevo. Until recently, only the Austrian law enforcement prosecuted Ganon. Now the Bamberg prosecutor's office also prosecutes Ganon in Germany.

January 26, 2022

Cool! German prosecutors forfeited and auctioned the scammers’ luxury cars!

Gal Barak‘s Lieutenant Jacki Fitelzon was most recently sentenced to 82 months in prison in Munich. Fitelzon pleaded guilty as charged to being part of..

January 19, 2022

The driver’s testimony! How the arrest of the Wolf of Sofia happened!

Update: we have been informed that Ben Gettemans was not only the personal driver of Gal Barak but also a money mule of E&G Bulgaria...

January 13, 2022

Cybercrime activist Jacki Fitelzon sentenced to an 82-months prison time

The sentence was even a bit harder than we expected. On January 12, 2022, the verdict against the Israeli citizen Jacki Fitelzon was handed down in the court in Munich. The Israeli was one of the co-conspirators of Gal Barak, the so-called Wolf of Sofia. Fitelzon had pleaded guilty to the charges and has now been sentenced to 82 months in prison for commercial and gang fraud. It was also confiscated €760,000. The sentence is not yet final. Fitelzon asked to be transferred to a rehab facility, which the court ordered!

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 10, 2021

Cybercrime war – German prosecutors arrested some 30 suspects worldwide, and counting!

The trial of Israeli citizen Tal-Jacki Fitelzon is currently underway in Munich. He was one of Gal Barak's lieutenants in his cybercrime organization E&G Bulgaria. Three former boiler room employees of E&G Bulgaria had already been sentenced to 33, 48, and 54 months in prison in Germany. According to one of the responsible public prosecutors, Bavaria-based Nino Goldbeck, some 30 suspected cybercrime activists sit currently in prisons in pre-trial detention worldwide at the request of German and Austrian law enforcement.

December 8, 2021

Finally! The indictment against German payment processor and laundromat B2G!

To be exact, the prosecutors filed charges against the individuals behind the illegal payment processor B2G. We have reported extensively in recent years about the Cologne registered B2G GmbH and its principals, the German Rainer Treuer and former Russian secret agent Oleg Shvartsman. B2G was one of the very big notorious German laundromats and scam facilitators in the binary option era. Among others, they laundered money for Gal Barak and E&G Bulgaria and dozens of other scams.

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.

December 2, 2021

Watch Out BaFin! Notorious high-risk payment processor Fibonatix goes Berlin!

This is perhaps not too good news for the German regulator. Fibonatix, founded by the Israeli Tal Miller, is a notorious high-risk payment processor. It has been facilitating dozens of broker scams. Fibonatix was also one of the payment processors of Gal Barak's cybercrime organization E&G Bulgaria. Barak confirmed that in addition to Payvision, Fibonatix was laundering stolen funds. Fibonatix, regulated as a payment institution by the FCA since 2018, announced the opening of an office in Berlin. It plans to serve the put a specific focus on the DACH region!

November 29, 2021

Video showing the arrest of cybercrime activist Kfir Levy in the Philippines

Israeli citizen Tal-Jacki "Jacki" Fitelzon is currently on trial in Munich. He is accused of being a ringleader of Gal Barak's cybercrime organization E&G Bulgaria. On the first day of the trial in Munich, Jacki Fitelzon pleaded guilty and confirmed that E&G Bulgaria was a criminal organization. His co-conspirator, Israeli Kfir Levy, was arrested in the Philippines in October 2021 at the request of German prosecutors. Here is the video of his arrest while he was in a restaura

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.

November 27, 2021

Analysis – Prosecuting scam networks as criminal organizations

We have been analyzing the cybercrime investigations and indictments of the Austrian and German law enforcement agencies. Most recently, the public prosecutors' offices in Bamberg, Rostock, and Cologne caused a stir with action days in Israel, Cyprus, Ukraine, Serbia, Bulgaria, and other jurisdictions. The respective law enforcement agencies investigate different cases but share their findings and coordinate their actions and charges. They do not prosecute individual scams but work on the hypothesis of criminal organizations.