Tag: Peter Lewisch

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!

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.

Gal Barak was extradited to Austria and was awaiting his trial. He was charged with investment fraud and money laundering. Hence, one concludes that his defense counsel is particularly sensitive to the issue of money laundering and potential asset misappropriation. Wrong thought. We are talking about the Israeli citizen Gal Barak and his also charged wife, the Bulgarian citizen Marina Barak.

Today the third day of the Vienna Cybercrime Trials against the Israeli Gal Barak took place in Vienna. The prosecutors charge Barak of being the principal of the cybercrime organization E&G Bulgaria which operated a worldwide scam broker and money-laundering network with big fraud brands like XTraderFX, SafeMarkets, Golden Markets, CryptoPoint or OptionStars. The verdict is expected in early September 2020. Until then, several more days of hearings will take place. Today, many witnesses have been heard. In parallel, a friend of Baraks' tried to bribe a potential witness to testify in his favor.

The first day of trial in a landmark cybercrime trial against suspected Israeli scam broker operator Gal Barak. The trial began punctually at 9.30 am in Vienna. The trial was also observed by the Austrian lawyer of Barak's Russian partner, Vladislav Smirnov. In addition, EFRI Principal Elfriede Sixt was in the courtroom as representative of the aggrieved small investors. The process is under international observation and is seen as a reference model for further cybercrime processes in the EU.