Wolf of Sofia | FinTelegram News

Tag: Wolf of Sofia

August 21, 2023

German Prosecutor Of The Wolf Of Sofia Was Awarded The Highest Honor! What About The Whistleblowers?

Nino Goldbeck became known to FinTelegram readers as the chief prosecutor of Gal Barak, a/k/a, Wolf of Sofia, and his cybercrime organization in Germany. The Association of German Criminal Investigators recently awarded Goldbeck its highest honor, "Bul le mérite." However, the honor of crashing the Wolf of Sofia's cybercrime organization belongs not only to Goldbeck but also to an enabling whistleblower who exposed the fraud via FinTelegram. Here is the true story.

February 4, 2022

Why the European Court of Justice must make the right decision in the Gal Barak case!

Gal Barak was sentenced to 4 years imprisonment in Austria for defrauding Austrian victims with total damage of about 3 million euros. After 11 months of home arrest and 13 months of prison stay in Vienna, his sentence was suspended as of the end of January 2021. In early June 2021, Gal Barak left Vienna was flown out by a private jet to Israel. To date, none of his victims has received any money back. Barak's lawyers appealed against a German indictment. The case is to be decided by the European Court of Justice.

November 23, 2021

Munich Trial Day #1 – Jacki Fitelzon plead guilty; agreed to a 78+ months prison time but …!

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.

November 23, 2021

Munich Trial against Gal Barak’s boiler room manager starts today

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!

October 26, 2021

Breaking News – Gal Barak’s drug-addicted cybercrime lieutenant Jacki Fitelzon pleads guilty!

The 44-year old Israeli Tal-Jacki “Jacki” Zecharia Fitelzon was a lieutenant of the cybercrime organization E&G Bulgaria of Gal Barak, the “Wolf of Sofia.” The..

October 12, 2021

Prosecutors filed the indictment against Israeli cybercrime lieutenant Jacki Fitelzon

We already reported a few weeks ago about the upcoming indictment of Israeli Tal-Jacki Zecharia Fitelzon. The 44-year-old guy was a lieutenant of the cybercrime organization E&G Bulgaria of Gal Barak, the "Wolf of Sofia." The latter was sentenced to four years in prison in Vienna in September 2020. The Central Office Cybercrime Bavaria (ZKB) has filed charges against Fitelzon for defrauding 335 German victims of approximately €8.7 million. Fitelzon must now face a trial in Munich. Further charges surrounding E&G Bulgaria will follow.

September 24, 2020

Vienna Cybercrime Trials – Passionate law enforcement teams meet whistleblowers and EFRI

The Vienna Cybercrime Trials ("#VCT") have been an important step in the fight against scammers, cybercrime, and money laundering. The #VCT findings have also facilitated investigations and prosecutions in other jurisdictions and other scam cases. The first arrests in connection with the #VCT were made by EU arrest warrants issued by Austrian authorities. Thanks to the help of whistleblowers and FinTelegram. Now, leading EU investigative media like SZ report about the "Fall of the Wolf."

April 24, 2019

Illegal Brokers – Don’t blame us boiler room managers, we did not attack German-speaking victims, just the English speaking ones

Gal Barak is sick, really sick, physically. Pretends his law firm. Therefore, the court hearing in Sofia scheduled for 22 April 2019 was canceled. The..

April 20, 2019

Gal Barak – The ‘Cat of Sofia’, His Defense Line And His Victims

EFRI cooordinator Elfriede Sixt interviewed by bTV Elfriede Sixt, co-founder and coordinator of the European Funds Recovery Initiative (EFRI) spoke with Desislava Rizova, the Bulgarian..

March 26, 2019

Gal Barak, The Wolf Of Sofia And The Bulgarian Corruption

As in the Hollywood blockbuster with Leonardo DiCaprio in the lead role of Wolf of Wallstreet, Gal Barak bribes and cheats politicians, officials, and business..

March 18, 2019

Cybercrime – Sofia Court Postponed Decision To Extradite Gal Barak To Austria

The Israeli Gal Barak is the head of E&G Bulgaria which has operated a number of illegal broker schemes such as SafeMarkets, XTraderFX, Golden Markets..

February 24, 2019

Gal Barak – The Wolf Of Sofia And Another Israel-Serbia Connection

The Israeli Gal Barak, the so-called Wolf of Sofia, has been exposed as the beneficial owner and operator of E&G Bulgaria and its many illegal..

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.