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Tag: Vladislav Smirnov

July 16, 2021

Cybercrime Trials – Gal Barak’s wife acquitted but more charges to come!

E&G Bulgaria allegedly defrauded tens of thousands of consumers in Europe out of more than €200 million with its scams According to law enforcement agencies in Germany, Austria, and Switzerland, the principals of this organization were Israelis Gal Barak and Gery Shalon and their Russian partner Vladislav Smirnov. Barak was sentenced in Austria in September 2020 to four years in prison and restitution payments in the millions for investment fraud and money laundering. His wife, Marina Barak, who was also charged, was acquitted; the prosecutors appealed.

June 25, 2021

Unbelievable! German court denies justice for German victims of Gal Barak

Israeli Gal Barak was one of three principals of the cybercrime organization E&G Bulgaria. Barak's Bulgarian wife, Marina Barak (formerly Marina Andreeva), served as chief financial officer. Gal Barak was arrested in early 2019 and sentenced to four years in prison for investment fraud and money laundering in Vienna, Austria, in September 2020. He was to be extradited to Germany for further charges but was silently released nearly six weeks ago and vanished to Israel in a private jet.

June 14, 2021

R4I – Connectum, Walletto, and the money laundering connections to Russian Binex Group

The former CEO and beneficial owner of FCA-regulated Connectum Limited, Latvian Edgars Lasmanis has joined Walletto UAB, a regulated Lithuanian e-money institution, as chairman of the supervisory board. He has held this role since October 2017, according to his LinkedIn profile. Lasmanis resigned as director and CEO of Connectum in January 2021, according to UK Companies House. Connectum, in turn, has had a central role in the money laundering of Binex Group LP around the E&G Bulgaria cybercrime organization of Gal Barak, Gery Shalon, and Vladislav Smirnov.

May 26, 2021

The background story of Austrian Meinl Bank and its now arrested CEO

Austria's Meinl Bank was notorious for its role in the international money laundering scene. In September 2020, FinTelegram reported that a significant portion of the Suspicious Activity Reports (SARS) revealed by the FinCEN Leaks involved Austrian Meinl Bank and its subsidiary Meinl Bank Antigua. In addition, the OCCRP report titled The Vienna Bank Job revealed that the bank laundered hundreds of millions from Ukraine. Furthermore, cybercrime activists such as Russian Vladislav Smirnov also used Meinl Bank for his business. Meinl Bank has since closed; its former CEO, Peter Weinzierl, was arrested yesterday in the UK.

May 13, 2021

Vienna Cybercrime Trial – The Know-Nothing Accountant; Part One!

The Bulgarian Marina Barak is a brilliant and charming woman. She holds a degree in economics and worked in the financial field in London. Besides her native Bulgarian, she speaks perfect English and undoubtedly has a talent for numbers and organization. From at least 2016 to 2019, she was the chief financial officer and chief accountant of the cybercrime organization E&G Bulgaria EOOD in Sofia, Bulgaria. Her husband, the Israeli Gal Barak, was one of the organization's principal and operated illegal and fraudulent broker brands along with boiler rooms in Bulgaria, Serbia, Georgia, Ukraine, or Bosnia and Herzegovina with his Israeli leadership team.

April 22, 2021

Chasing Scam Facilitators – The Vienna Cybercrime Trials, SpotOption, and PandaTS

Israeli Gal Barak was sentenced in September 2020 to four years in prison and millions in restitution payments for investment fraud and money laundering in the Vienna Cybercrime Trials. Barak also faces charges in Germany. He was the head of the cybercrime organization E&G Bulgaria, which operated broker scams such as XtraderFX, SafeMarkets, Golden Markets, or OptionStarsGlobal. Payvision was its main payment facilitator, and PandaTS, the white label provider, which Barak charges with similar arguments as the U.S. SEC does in its SpotOption fraud complaint.

March 15, 2021

Vienna Cybercrime Trials – Former Cybercrime CFO Marina Barak opts for “I was in love” strategy

In his opening statement, the prosecutor claims that Marina Barak, along with her husband Gal Barak, was the key person in the cybercrime organization E&G Bulgaria. For example, she assigned the shifts in the boiler rooms, kept the personnel files, and organized the money laundering. She was also responsible for appointing partly homeless people as directors at the Legal Entities to operate the scam brands. According to the prosecution's findings, Marina Barak continued the scam operations after her husband's arrest.

March 11, 2021

Vienna Cybercrime Trials against former CFO Marina Barak start next week!

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.

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 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 2, 2020

Shalon Case – U.S. Prosecutors seek a 20-year prison term for Russian hacker!

Andrei Tyurin has been a co-conspirator of the Israeli Gery "Gabi" Shalon who carried out the biggest financial hack in U.S. history. In Sept 2019 Tyurin a/k/a “Andrei Tiurin,” pled guilty to computer intrusion, wire fraud, bank fraud, and illegal online gambling offenses in connection with this hacker attack. Allegedly, Tyurin was paid $19 million for his work, scheming with Shalon to destroy evidence that might lead to their apprehension. Prosecutors are seeking a prison term between 15 to 20 years.