Tag: Marina Barak

Here's an update on the E&G Bulgaria cybercrime case involving Israelis Gal Barak and Gery Shalon. FinTelegram has been instrumental in uncovering and providing crucial whistleblower information, which led to Barak's arrest in early 2019. While Barak and several of his associates have already been sentenced, further charges are anticipated, potentially implicating Gery Shalon as the true mastermind behind Barak's operations.

In Germany, the proceedings against the former lieutenants of the Israeli scammer Gal Barak, who has already been convicted in Austria for investment fraud and money laundering, continue. The Bamberg public prosecutor's office informed the victims of SafeMarkets, OptionStarsGlobal, and XtraderFX that charges have been brought against the Israelis Kfir Levy, Chen Ganon, and the Bulgarian Stoyan Ivanov Bedrov and how victims can participate in the proceedings!

German prosecutors issued an arrest warrant for Israeli Chen Ganon last year. The arrest warrant was suspended on bail. There is already an indictment and the trial will follow shortly. Ganon was one of the lieutenants of convicted cybercrime mastermind Gal Barak. As the manager in charge of the SafeMarkets scam Ganon was responsible for thousands of victims worldwide from whom millions were stolen. Ganon ran the boiler room behind SafeMarkets in Sarajevo, Bosnia-Herzegovina.

We reported last week on the decision of the Court of Justice of the European Union (CJEU) in the case of Gal Barak. The CJEU stated that Barak and his accomplices could be charged in any EU member state where they defrauded citizens with broker scams. Thus, according to the information available, the German prosecutor's office around Nino Goldbeck will move forward quickly with the indictment of Gal Barak and his wife, Marina Barak. A trial in Germany could begin in the fall.

We reported yesterday on the decision of the Court of Justice of the European Union (CJEU) in the Gal Barak case. In 2020, he was convicted and sentenced for investment fraud and money laundering in Austria; additional charges are possible in other jurisdictions. In Germany, Gal Barak and his wife, Marina Barak, are to be charged as ringleaders of the cybercrime organization E&G Bulgaria. Barak had entered a ne bis in idem plea. Apparently unsuccessfully. Thus, German prosecutors can proceed with their charges.

ING's current subsidiary Payvision will close in 2023. The reason for this was the massive involvement of Payvision in cybercrime and money laundering activities under its founder and former CEO Rudolf Booker. Booker sold Payvision to ING for around €350 million in 2018. How unabashedly Booker did business with cybercrime organizations as CEO is shown files from the criminal proceedings against convicted fraudster Gal Barak. Here is a remarkable scene from the criminal file!

Israeli Gal Barak, as principal of the E&G Bulgaria cybercrime organization, was sentenced in Vienna in September 2020 to several years in prison and more than €4 million in restitution. He was released on parole in the fall of 2021 and reportedly returned to Israel by private jet. There he established the Vantage Fund for convicted cybercriminals. His lieutenant Maor Sioni recently got married in Israel. Gal Barak plus his E&G Bulgaria gang were invited and pictured.

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.

Gal Barak was sentenced in Sept 2020 as the mastermind of cybercrime organization E&G Bulgaria to several years in prison and some €4 million in restitution payments to victims of the scams. He has been on parole for a few months. In an interview with the Israeli Calcalist, Barak claimed that he would have compensated his victims as ordered by the court. That is a lie, he has not compensated any of his victims. Instead, he evidently used the stolen millions to establish a $20 million cybercrime fund.

The E&G Bulgaria Cybercrime Scheme is dealt with by German prosecutor Nino Goldbeck in Bamberg. The German prosecutor informed that the boiler room agent Sasa Siler has also been charged for allegedly defrauding German-speaking victims with OptionStarsGlobal, XTraderFX, or Trade Capital. The mastermind behind E&G Bulgaria was the Israeli Gal Barak with his wife Marina Barak and their partners Gery Shalon and Vladislav Smirnov.

Israeli Gal Barak was sentenced as head of the Bulgarian cybercrime organization E&G Bulgaria in September 2020 to several years in prison and more than €4 million restitution payment. His Bulgarian wife, Marina Barak, was the CFO of this cybercrime organization. The German Prosecutor's Office names her as one of the ringleaders. Incomprehensibly, however, Marina Barak was acquitted by an Austrian judge. The prosecution has now filed a 47-page appeal, seen by FinTelegram.

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.