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!
The Austrian prosecutors are the first the brought charges against the alleged cybercrime principal Israeli Gal Barak. The process starts on 8 July 2020 in Vienna. The focus will be on the beneficial owner and principal of the cybercrime organization surrounding E&G Bulgaria EOOD. Barak has been charged with investment fraud and money laundering.