LATEST UPDATES
Broker Scams Update – Sofia Court to Decide on Gal Barak’s Extradition and Frozen Funds in Montenegro
Extradition Proceedings Against Gal Barak Move Forward Gal Barak, an Israeli national residing in Bulgaria, is facing extradition to Austria
Lavish Lives Funded by Fraud: The Multi-Million Dollar Fortunes of Yukom Scammers Yossi Herzog and Kobi Cohen
Background: Yukom Communications and Global Investor Losses U.S. authorities have attributed more than $140 million in damages to the Yukom
The Gal Barak Case: Bulgarian Media Expose Investor Losses, Luxury Assets, and Political Influence
Widening Scandal: From Austria to Bulgaria The investigation into Gal Barak, the Israeli national accused of orchestrating extensive broker scams
Legal Accountability in Boiler Room Scams: U.S. Sets a New Standard
Introduction: Beyond the Masterminds – Who Else Is Responsible? When investigating complex criminal enterprises like the vast Israeli-run binary options
Broker Scam Investigations in Germany: Suspect List Revealed
Cross-Border Investigations into Lenhoff-Barak Network Advance The multi-jurisdictional investigation into large-scale broker scams connected to German national Uwe Lenhoff and
Breaking News: Israeli Scam Operator Gal Barak to Be Extradited to Austria
A Major Development in Europe’s Battle Against Financial Fraud Between 2012 and 2018, global losses from binary options scams are
REGULATORY UPDATES
The B2G Legacy: How a German Payment Processor Became a Cybercrime Hub
Overview: The Rise and Fall of B2G GmbH Established in 2016 in Cologne, Germany, B2G GmbH was launched by Rainer Treuer (see LinkedIn) and Oleg
Money Laundering Complaint Submitted Against Deutsche Handelsbank and PPRO Group EFRI Targets Key Financial Facilitators in Cybercrime Scandals
The European Fund Recovery Initiative (EFRI), a Vienna-based non-profit organization dedicated to assisting fraud victims, has officially filed a money
Kosovo-Based Call Centers Target German Seniors with Lottery and Broker Scams
Background: From LottoPalace to Cross-Border Raids Up until spring 2019, the fraudulent LottoPalace website was actively scamming German-speaking victims. Shortly
Vienna Cybercrime Trials – Official Verdict Issued in Gal Barak Case
What Are the Vienna Cybercrime Trials? The term Vienna Cybercrime Trials (VCT) is not an official legal designation but rather
Scammers’ Feud in Belgrade Amid Vienna Cybercrime Trials
Shooting Incident Targets Key Figure in Fraud Network Reports from media sources in Belgrade, Serbia, confirm a shooting attack early
BaFin Confirms Final Cease and Desist Order Against Illegal Processor Egramming
German Payment Processors Still a Haven for Scammers Unauthorized payment processors based in Germany continue to be widely used by
Tracking Scam Enablers: Vienna Cybercrime Trials, PandaTS, and SpotOption Under Fire
Gal Barak and the E&G Bulgaria Operation In September 2020, Israeli national Gal Barak was sentenced to four years in