This is a real breakthrough in the EU authorities’ investigation of the operators of the Israeli Scammer network. One of the masterminds behind the scam network around E&G Bulgaria and the schemes XTraderFX, SafeMarkets, Golden Markets or OptionStarsGlobal, the Israeli Gal Barak, will be extradited to Austria.
For months, the Austrian authorities have been working on the extradition of Gal Barak via the competent court in Sofia, Bulgarian. Most recently, Gal Barak had married his Bulgarian life companion and scam partner Marina Andreeva (now Marina Barak). Barak apparently wanted to prevent the extradition and underline his connection to Bulgaria.
The criminal investigation revealed that Marina Barak acted as Chief Financial Officer of the fraud plans and coordinated money laundering. She is also one of the suspects alongside her husband Gal Barak.
After the arrest of the German scam operator Uwe Lenhoff at the beginning of 2019, Gal Barak is the second success of the Austrian authorities in the fight against scams and the Bulgarian scam. While Barak’s Israeli partner Gery “Gabi” Shalon is indicted in the United States for the hacking of JP Morgan and other financial institutions as well as for securities fraud and money-laundering, Barak’s Russian partner Vladislav Smirnov has not yet been bothered by the authorities.