Background: Deconstructing a Fraudulent Ecosystem With the shutdown of the binary options platform SafeMarkets, attention is shifting toward examining the wider infrastructure behind it. SafeMarkets is…
The Complexity of Retrieving Lost Funds Scam-Or Project often receives requests from victims of online investment scams seeking help in recovering their funds. While we appreciate…
Background: Enforcement Actions Prompt Relocation In February 2019, coordinated enforcement actions by EU authorities in Germany, Austria, and Bulgaria led to the arrest of Israeli national…
Widening Scandal: From Austria to Bulgaria The investigation into Gal Barak, the Israeli national accused of orchestrating extensive broker scams across Europe, continues to escalate. Together…
Introduction: Beyond the Masterminds – Who Else Is Responsible? When investigating complex criminal enterprises like the vast Israeli-run binary options and broker scams, it becomes clear…
A Major Development in Europe’s Battle Against Financial Fraud Between 2012 and 2018, global losses from binary options scams are estimated to have reached up to…
The extradition of Israeli national Gal Barak to Austria marks a pivotal moment in Europe’s battle against online fraud. Barak, along with his German associate Uwe…
Background: Law Enforcement Strikes Against Cybercrime Duo In early 2019, Gal Barak, an Israeli national, and his German partner Uwe Lenhoff were taken into custody during…
The Vienna Cybercrime Trials (VCT) took an unexpected turn as Gal Barak, the Israeli national accused of orchestrating a transnational cybercrime organization under the umbrella of…
Legal Scrutiny Expands Across Germany and Austria Payvision and its former CEO Rudolf Booker are currently under formal criminal investigation in both Germany and Austria. These…
