Tag: Tal-Jacki Fitelzon

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.

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.

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.

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!

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

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.

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.

On day #1 of the Munich Trial, the 44-year old Israeli Jacki Fitelzon offered a guilty plea including a full and comprehensive confession in exchange for a moderate sentence. Prosecutor and the defense attorney agreed on a sentencing between 78 to 84 months prison time. The final decision is up to the judge. In addition, the defense attorney offered that all the claims of the victims represented by EFRI would be recognized. The prosecutor started with his questions before the trial was adjourned to next Friday.

The trial against 44-year old Israeli Tal-Jacki “Jacki” Fitelzon started today in Munich. He was a lieutenant of the cybercrime organization E&G Bulgaria of Gal Barak, the “Wolf of Sofia,” who was sentenced to four years in prison in Vienna in September 2020. The German prosecutors have filed charges against Fitelzon for defrauding 335 German victims of approximately €8.7 million. Fitelzon’s German law firm has informed the court that he would plead guilty. EFRI represents the victims in this trial!

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.

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!

The 44-year old Israeli Tal-Jacki "Jacki" Zecharia Fitelzon was a lieutenant of the cybercrime organization E&G Bulgaria of Gal...