VCT | FinTelegram News

Tag: VCT

January 27, 2021

Good news for Payvision – Selina welcomes the disgraced payment processor

The Dutch high-risk payment processor Payvision is deeply involved in the swamp of broker scams around the Vienna Cybercrime Trials. It allegedly wilfully and knowingly facilitated broker fraud and money laundering. The presumption of innocence applies. Today's announcement of a partnership with the global hospitality platform Selina has to be appreciated. The idea is to provide Selina clients with ultimate payment experiences while traveling. Not an easy business model in the COVID-19 pandemic but hello, positive news though.

January 25, 2021

Vienna Cybercrime Trials – Marina Barak trial scheduled for March 15 with a new presiding judge

The Israeli fraudster Gal Barak is currently serving his four-year sentence handed down by the court in early September 2020 in the #VCT proceedings. He was one of the principals of the E&G Bulgaria cybercrime organization and found guilty of investment fraud and money-laundering. The German prosecutor's office also wants to charge him and has requested extradition. The trial against his wife, Marina Barak, is scheduled to start on March 15, 2021.

January 19, 2021

Trinity Files – The U.S Case of Gery Shalon, Vienna Cybercrime Trials, and Russian connections

The Georgian-born Israeli Gery "Gabi" Shalon is arguably the mastermind of the world's largest cybercrime organization, stretching over the U.S., Europe, Russia, Georgia, Israel into Asia. The Israeli accountant Ziv Orenstein was one of Shalon's deputies in the U.S. There, they operated illegal gaming schemes and performed the largest cybercrime attack ever on the U.S. financial industry. While waiting for his U.S. trial Shalon continues to operate his cybercrime ventures.

January 17, 2021

Payvision and Vienna Cybercrime Trials – Let’s scam the scammers and the EFRI Campaign

Oh yes, the alleged German cybercrime mastermind Uwe Lenhoff was a very good acquaintance of Payvision founder and CEO Rudolf Booker. They spent skiing vacations together in Austria and communicated a lot. Thanks to the frequent and very open communication between Lenhoff and Booker, their business details can be found in the criminal files. They show how high-risk payment processors work.

January 17, 2021

High-Risk Payment Processors Series and the dark side of finance

Undoubtedly, high-risk payment processors (#HRPP) are at the very center of cybercrime and scams. Very often, they facilitate consumer fraud and related money laundering. In early September 2020, Gal Barak was sentenced to four years in prison for investment fraud and money laundering in the Vienna Cybercrime Trials (#VCT) for operating a global scam broker network. A breakthrough in the fight against cybercrime. the forensic analysis of banking and financial data by law enforcement, the trial findings, and the court's reasoning in the verdict also allow investigating the anatomy of high-risk payment processors.

January 11, 2021

Breaking News -German prosecutors filed extradition request for cybercrime principal Gal Barak

Gal Barak was sentenced to four years imprisonment and restitution payments for investment fraud and money laundering as a principal of the Bulgarian cybercrime organization E&G Bulgaria in the Vienna Cybercrime Trials (#VCT) opening in early September 2020. It was already clear at the time that other countries would also press charges against Barak if he were found guilty. Barak is currently still in prison in Austria. Germany intends to file charges against him and has sent an extradition request to the Austrian authorities.

January 8, 2021

Gery Shalon Case – Russian home office hacker Andrei Tyurin sentenced to 12 years prison term

The Russian hacker Andrei Tyurin was sentenced in Manhattan federal court to 144 months in prison for his role in the largest financial hacker attack in US history, which was masterminded and coordinated by the Georgia-born Israeli cybercrime supervillain Gery "Gabi" Shalon. Tyurin has pleaded guilty to the charges and allegedly earned more than $19 Mio for his job. Tyurin controlled hacking activities through a computer infrastructure on five continents from his home office in Moscow.

December 30, 2020

Breaking News – Law Enforcement Action Day targeting Boiler Room Operators in Kiew

In September 2020, Israeli Gal Barak was sentenced to four years in prison and millions in restitution payments in the Vienna Cybercrime Trials (#VCT). He..

December 16, 2020

Investor Warning – Boiler Rooms associated with MegaTradeFX, MarketCapital, or SolidCapital

Austrian Financial Market Authority (FMA) issued an investor warning against the broker scam SolidCapital (www.solidcapital.io), allegedly operated by Royal Gates Ltd, St. Vincent and the Grenadines. The scam works with Anydesk and Boiler Rooms with the phone number +442037692938 (one of many). This phone number is connected to other scams like MegaTradeFX or MarketCapital. As a payment processor at SolidCapital, we noticed BridgerPay again.

December 15, 2020

Investor Warning – Boiler Rooms associated with MegaTradeFX, MarketCapital, or SolidCapital

December 15, 2020

Investor Warning – Boiler Rooms associated with MegaTradeFX, MarketCapital, or SolidCapital

December 9, 2020

Money-laundering complaint filed against Deutsche Handelsbank and PPRO Group

Since its inception in 2018, the NGO European Fund Recovery Initiative (EFRI) has filed several crucial money-laundering complaints against banks and payment processors with the competent authorities in various jurisdictions. Without the intentional or negligent facilitation by these institutions, investment fraud and scams would not be possible in the first place. EFRI has now filed a money laundering complaint against Deutsche Handelsbank and the PPRO Group along with extensive evidence.

TikTok Takedown: America’s Digital Iron Curtain or Silicon Valley’s Secret Weapon?

The recent ruling by the U.S. Court of Appeals for the District of Columbia Circuit has sent shockwaves through the social media industry, upholding a law that could effectively ban TikTok in the U.S. The ruling cited national security concerns. This decision marks a significant escalation in the ongoing tension between the U.S. government and Chinese-owned tech companies.

Truong My Lan: A Tycoon’s Fall from Grace and Vietnam’s $44 Billion Financial Scandal!

The dramatic downfall of Truong My Lan, one of Vietnam’s most prominent property magnates, has sent shockwaves through the country's financial and political systems. The 68-year-old former billionaire is at the center of one of the largest financial frauds in history, a scandal that has not only exposed vulnerabilities in Vietnam’s economy but has also highlighted the intricate relationship between business and politics in the country.

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.