Tag: Veltyco

A 33-year-old Kosovar was sentenced to an 18-month prison term in a trial in Austria after a seven-month pre-trial...

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.

Update: we have been informed that Ben Gettemans was not only the personal driver of Gal Barak but also...

The trial against the ringleaders of the cybercrime organization E&G Bulgaria is currently underway in Munich, Germany. Gal Barak was already sentenced to four years in jail in Vienna in Sept 2020. Almost unnoticed, the preparation of charges against several ringleaders of the cybercrime organization around the late Uwe Lenhoff and the Veltyco Group is currently underway in Saarbrücken. Criminal records show that MoneyNetInt was massively involved in Lenhoff's money laundering.

The sentence was even a bit harder than we expected. On January 12, 2022, the verdict against the Israeli citizen Jacki Fitelzon was handed down in the court in Munich. The Israeli was one of the co-conspirators of Gal Barak, the so-called Wolf of Sofia. Fitelzon had pleaded guilty to the charges and has now been sentenced to 82 months in prison for commercial and gang fraud. It was also confiscated €760,000. The sentence is not yet final. Fitelzon asked to be transferred to a rehab facility, which the court ordered!

This is the second part of the great interview with EFRI co-founder and principal Elfriede Sixt. She explains the background of the development of EFRI and FinTelegram. In addition, she describes the threats and defamations of cybercrime activists who try to destroy the reputation. The fight against cybercrime and scammers has become a life mission for Elfriede Sixt, as she explains.

In September 2021, the Israeli cybercrime kingpin Gal Barak was sentenced to four years in prison for investment fraud and money laundering in Austria. German prosecutors, led by Nino Goldberg, also want to charge Gal Barak, see him convicted and sentenced to prison. Barak appealed against the indictment; the case is currently before the European Court of Justice. Barak's former boiler room manager Tal-Jacki Fitelzon has already been indicted. Barak's former partner in crime, Uwe Lenhoff, died in prison last year, but his co-conspirators will be indicted. Barak and Lenhoff allegedly produced more than 200,000 victims in Germany!

GreenBox POS is a California-based FinTech company specializing in payment solutions on the blockchain. The company has been listed on Nasdaq with the symbol GBOX since February 2021 and currently has a market capitalization of around $450M. Transact Europe is a Bulgarian financial institution with an intense past in the largely fraudulent binary options industry. Transact Europe was one of the facilitating payment processors of Gal Barak and his Bulgarian E&G Bulgaria. GreenBox POS is to acquire Transact Europe for $30M in cash.

The largest Dutch financial newspaper Het Financieele Dagblad has continued the story with Payvision and ING with an impressive piece of investigative work. In addition to the data he received from FinTelegram and EFRI, Betlem did extensive research of his own and concludes in his two reports that Payvision was and is a horror project for ING. The founder team with Rudolf Willem Booker, Gijs op de Weegh, and Cheng Liem Li had to leave the company in April 2020.

The story of the German Uwe Lenhoff, his public UK company Veltyco Group PLC and the cybercrime organization associated...

The original article on Uwe Lenhoff and his cybercrime organization by Uwe Ritzer appeared in German the Sueddeutsche Zeitung...

The cybercrime organization of Uwe Lenhoff and Gal Barak with their illegal broker schemes would not have been possible...