While proceedings in the Veltyco Cybercrime Scheme are ongoing in Saarbrücken, Germany, another case—E&G Bulgaria—is being pursued in Bamberg by German prosecutor Nino Goldbeck. According to…
International Fund Recovery Initiatives Intensify in Israel In late 2023, the Scam-Or Project launched a major initiative aimed at helping victims of broker-related fraud schemes recover…
A Coordinated Blow Against a Pan-European Crime Network In a significant multinational enforcement effort, Austrian, German, and Bulgarian authorities have dismantled a major criminal organization running…
Arrest of “The Wolf of Sofia” Gal Barak, an Israeli national, is known as the head of E&G Bulgaria, a company linked to multiple unauthorized online…
Unraveling Cross-Border Financial Operations from Montenegro to Bulgaria A Widening Web of Financial Crimes The sprawling financial operations of Uwe Lenhoff and Gal Barak, two central…
Interview with EU Victim Representative In a recent interview with Bulgarian journalist Desislava Rizova from bTV, Elfriede Sixt, a coordinator and financial crime analyst frequently consulted…
The Need for a Pan-European Strategy In the context of increasing cybercrime and investment fraud targeting EU citizens, a number of stakeholders have emphasized the urgency…
Overview of Investigations Regulatory bodies in Poland and other EU member states have initiated investigations into the operations of MoneyNetInt Ltd, a UK-registered payment service provider.…
Background: Coordinated Action Against Fraud In 2018, a European-based initiative was launched in cooperation with legal professionals and digital finance experts to support individuals affected by…
Introduction The extensive financial losses suffered by retail investors through illicit online broker schemes have been significantly enabled by certain payment service providers (PSPs). These entities,…
