A bomb threat against the Palace of Justice in Sofia has hindered the scheduled court hearing for the extradition of Gal Barak requested by Austria. This will allow Gal Barak and his partner Marina Andreeva to continue to operate their Scam Broker network in Sofia. After his arrest, Gal Barak was released for health reasons into house arrest in his apartment in Sofia. And he continues to run the business together with his partner and fiance Marina Andreeva.
A Rat Race it is
However, it seems to be a race against time. You can hear from Gal Barak’s inner circle that his network has some liquidity issues. He has to deal with a lot of issues and his cybercrime organization is confronted with a lot of criminal complaints and lawsuits. Among others, Matching Blue Consulting S.L. is being investigated in Spain. This is the company that operated the scam broker Golden Markets, a big scam that has been warned of by several financial supervisory authorities such as UK FCA. The inner circle, Gal Barak, Marina Andreeva, and Kfir Levy, have a lot to do. Money is needed to keep the cybercrime network up and running.
Well, and this may really be a bit disturbing, there is a €5 Million lawsuit filed by the former business partners in Global Payment Solutions Podgorica DOO. Allegedly, Gal Barak issued a kill order against them to avoid further proceedings. As he allegedly issued also a kill order against the FinTelegram people.
Finally, Payvision, the long-time payment partner has put all payments on hold since the arrest of Uwe Lenhoff, Gal Barak’s partner. And then DreamsPay had to close down its website.
The Offshore Issue
In the last few months since Gal Barak‘s arrest, his CFO Marina Andreeva has been trying to secure money from all sides and launder it through the organization’s offshore companies. Some of these offshore companies operate through the Bulgarian trust company Offshore EOOD (www.offshore.bg) of Maria
- BRIGHT IDEAS LTD
- GPAY LTD
- GLOBAL ADVERTISING PARTNERS LTD
- AFFKADA LTD
- ROCKARAGE LTD
- DYNAMIC SOLUTIONS LTD
- KEY MARKETS LTD
- MARKETS MARGIN LTD
- START MARKETS LTD
Each of the listed company is associated with broker scams. GPay Ltd, for example, is not only the operator of the
In the interest of investor protection for the Bulgarian authorities, it seems urgently necessary not only to decide on the extradition of Gal Barak but also to consider arresting Marina Andreeva. Otherwise, fraud against EU citizens will continue via this cybercrime network.
But where is the money?