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Tag: Kfir Levy

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.

November 19, 2021

Resurrection! Gal Barak’s cybercrime organization is back!

Gal Barak was the principal of the cybercrime organization E&G Bulgaria a/k/a E&G Finances, which operated numerous broker scams and boiler rooms. An Austrian court sentenced him in September 2020 to several years in prison and a restitution payment in the millions. The Bulgarian Dimitar Moralyiski a/k/a James Morro, a leading associate in one of the Bulgarian boiler rooms, was sentenced to 54-months of prison time. Recently, Barak was released on parole, and now E&G Finances is looking for employees. Specifically, Megi Velichkova has advertised the position of Sales Manager for E&G Finance on her LinkedIn profile.

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!

October 26, 2021

Germany’s War against cybercrime – Gal Barak Deputy Kfir Levy arrested!

German authorities are known for their slow thoroughness. The culture of the Germans is to plan and build complex things and then run the machine effectively. It took a few years to get the machine running even in the fight against cybercrime and scammers. But now the war machine is running. They declared war on the Israeli cybercrime scene. Reportedly, Gal Barak's deputy Kfir Levy has now also been arrested in the Philippines. At the request of the German authorities.

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.

May 13, 2021

Vienna Cybercrime Trial – The Know-Nothing Accountant; Part One!

The Bulgarian Marina Barak is a brilliant and charming woman. She holds a degree in economics and worked in the financial field in London. Besides her native Bulgarian, she speaks perfect English and undoubtedly has a talent for numbers and organization. From at least 2016 to 2019, she was the chief financial officer and chief accountant of the cybercrime organization E&G Bulgaria EOOD in Sofia, Bulgaria. Her husband, the Israeli Gal Barak, was one of the organization's principal and operated illegal and fraudulent broker brands along with boiler rooms in Bulgaria, Serbia, Georgia, Ukraine, or Bosnia and Herzegovina with his Israeli leadership team.

May 12, 2021

Vienna Cybercrime Trials – Gal Barak charged with giving false testimony and the Israeli fraud elite!

Gal Barak was sentenced in the Vienna Cybercrime Trials as one of the masterminds behind the cybercrime organization E&G Bulgaria to four years in prison and millions in restitution payments for investment fraud and money laundering. His Bulgarian wife Marina Barak faces the same charges and is currently on trial. Gal Barak gave false testimony at the trial of his wife and was consequently charged by the prosecution for that. As private prosecutors, the EFRI lawyer and its principal Elfriede Sixt accompany the trials representing the victims' voice!

March 18, 2021

Vienna Cybercrime Trials – Contempt of Court, no remorse, and no more answers!

The second day in the trial against Marina Barak (previously Marina Andreeva), the former CFO of the Israeli-Bulgarian cybercrime organization E&G Bulgaria was being held today. The judges continued their questioning. Moreover, her husband, Gal Barak, was also scheduled to testify. He was already sentenced in September 2020 as principal and CEO of E&G Bulgaria to four years in prison and is currently in prison in Austria. In the run-up, Gal Barak had unpacked and accused his former partners and employees like Ilan Tzorya or Boyan Popov.

March 15, 2021

Vienna Cybercrime Trials – Former Cybercrime CFO Marina Barak opts for “I was in love” strategy

In his opening statement, the prosecutor claims that Marina Barak, along with her husband Gal Barak, was the key person in the cybercrime organization E&G Bulgaria. For example, she assigned the shifts in the boiler rooms, kept the personnel files, and organized the money laundering. She was also responsible for appointing partly homeless people as directors at the Legal Entities to operate the scam brands. According to the prosecution's findings, Marina Barak continued the scam operations after her husband's arrest.

March 11, 2021

Vienna Cybercrime Trials against former CFO Marina Barak start next week!

Gal Barak was found guilty as charged in early September 2020 as the head of the cybercrime organization E&G Bulgaria for investment fraud and money laundering. He was sentenced to four years in prison. Also, millions of Euros frozen in Bulgarian bank accounts were confiscated for restitution payments. Barak is about to be extradited to Germany, where he is also charged with operating the fraudulent brokers. His partner and wife, Bulgarian Marina Barak, will stand trial as his accomplice and CFO of E&G Bulgaria. She is expected to plead not guilty.

Cash Cow Crypto: U.S. CFTC Enforcement Sets Records in FY 2024 with $17.1 Billion in Monetary Relief!

The U.S. Commodity Futures Trading Commission (CFTC) achieved a landmark year in FY 2024, securing over $17.1 billion in monetary relief, including $2.6 billion in civil penalties and $14.5 billion in restitution. The agency’s groundbreaking actions spanned digital asset (crypto) markets, voluntary carbon credits, and major compliance cases, highlighting its leadership in safeguarding market integrity.

U.S. DOJ’s Whistleblower Pilot Program: 250+ Tips in Just Months!

Whistleblowers are the only effective way to fight financial crime. The U.S. DOJ whistleblower pilot program has already proven effective, generating over 250 tips of potential misconduct since its launch in August, according to Principal Associate Deputy Attorney General Marshall Miller. According to a Reuters report, the initiative targets corporate malfeasance and encourages internal self-disclosure by companies.

Online Gambling: Lokinvestigation in Curaçao, its Maltese Connections, and How to Shut Down!

For many years, the far-far-away Curacao was the regulatory mecca of global online gambling. But that is over. The Lokinvestigation, spearheaded by opposition politician and forensic investigator Dr. Luigi Faneyte, reveals systemic failures and alleged corruption in Curaçao’s online gambling sector. With ties to Maltese investors and global financial networks, the report demands transparency but also carries political implications.

KTM’s Collapse: How Pierer and Blazicek Possibly Misled Investors and Profited Amid a €2.9 Billion Crisis!

The recent insolvency filing by KTM AG, Europe's largest motorcycle manufacturer, has unveiled significant managerial failures under CEO Stefan Pierer and Chairman of the Supervisory Board Josef Blasicek of Pierer Mobility AG. Despite clear indicators of financial distress, the company continued to distribute substantial dividends, misleading investors about its fiscal health. Here is an investor update on the KTM case.

Investor Briefing

Investor Briefing: Why Elon Musk’s SpaceX is valued at $350 Billion!

SpaceX, Elon Musk's private aerospace company, is reportedly in discussions to sell insider shares at a valuation of approximately $350 billion. This would be double what the company was reportedly selling shares at one year ago. In December 2023, Bloomberg reported SpaceX shares were being sold at a $175 billion valuation. Musk's closeness to Trump is apparently paying off.