E&G Bulgaria | FinTelegram News

Category: E&G Bulgaria

March 11, 2021

Vienna Cybercrime Trials against former CFO Marina Barak start next week!

Gal Barak was found guilty as charged in early September 2020 as the head of the cybercrime organization E&G Bulgaria for investment fraud and money laundering. He was sentenced to four years in prison. Also, millions of Euros frozen in Bulgarian bank accounts were confiscated for restitution payments. Barak is about to be extradited to Germany, where he is also charged with operating the fraudulent brokers. His partner and wife, Bulgarian Marina Barak, will stand trial as his accomplice and CFO of E&G Bulgaria. She is expected to plead not guilty.

January 25, 2021

Vienna Cybercrime Trials – Marina Barak trial scheduled for March 15 with a new presiding judge

The Israeli fraudster Gal Barak is currently serving his four-year sentence handed down by the court in early September 2020 in the #VCT proceedings. He was one of the principals of the E&G Bulgaria cybercrime organization and found guilty of investment fraud and money-laundering. The German prosecutor's office also wants to charge him and has requested extradition. The trial against his wife, Marina Barak, is scheduled to start on March 15, 2021.

January 19, 2021

Trinity Files – The U.S Case of Gery Shalon, Vienna Cybercrime Trials, and Russian connections

The Georgian-born Israeli Gery "Gabi" Shalon is arguably the mastermind of the world's largest cybercrime organization, stretching over the U.S., Europe, Russia, Georgia, Israel into Asia. The Israeli accountant Ziv Orenstein was one of Shalon's deputies in the U.S. There, they operated illegal gaming schemes and performed the largest cybercrime attack ever on the U.S. financial industry. While waiting for his U.S. trial Shalon continues to operate his cybercrime ventures.

January 11, 2021

Breaking News -German prosecutors filed extradition request for cybercrime principal Gal Barak

Gal Barak was sentenced to four years imprisonment and restitution payments for investment fraud and money laundering as a principal of the Bulgarian cybercrime organization E&G Bulgaria in the Vienna Cybercrime Trials (#VCT) opening in early September 2020. It was already clear at the time that other countries would also press charges against Barak if he were found guilty. Barak is currently still in prison in Austria. Germany intends to file charges against him and has sent an extradition request to the Austrian authorities.

January 10, 2021

Vienna Cybercrime Trials – The Written Verdict in the Gal Barak Case

The Vienna Crime Trials (#VCT) are not an official term but is used by FinTelegram to refer to the various court proceedings surrounding the E&G Bulgaria cybercrime organization. In September 2020, the Israeli citizen Gal Barak was convicted as the organization's mastermind. He was sentenced to a 4-year prison term, restitution payments, and already seized $2,5 Mio have been declared forfeited. According to the current information, there will be several indictments and court cases under #VCT.

November 6, 2020

Vienna Cybercrime Trials – Indictment against alleged cybercrime CFO Marina Barak effective!

In early September 2020, Gal Barak, the Wolf of Sofia, was sentenced to four years in prison and reparations payments for investment fraud and money laundering. The Israeli principal of the cybercrime organization of E&G Bulgaria is responsible for tens of thousands of scam victims. Now the charges against his partner and wife Marina Barak became legally effective. She is accused of money laundering. The trial will start early next year.

November 1, 2020

Payvision and the EFRI fight for victims’ money!

Without the collaboration of payment processors, scam operations and online fraud schemes would be very difficult if not impossible. Currently, EFRI, co-founded by FinTelegram, is fighting with the Dutch FinTech Payvision for restitution payments to the victims of scams of Uwe Lenhoff and Gal Barak who has been found guilty of investment fraud and money-laundering in the Vienna Cybercrime Trials ("#VCT").

October 21, 2020

Vienna Cybercrime Trials and the disturbing Balkan Papers

The Israeli scammer and cybercrime principal Gal Barak was sentenced to four years in prison and restitution payments at the beginning of September 2020 at the start of the Vienna Cybercrime Trials ("#VCT"). Further charges against his co-conspirators will follow in various EU jurisdictions. Barak and his partner Uwe Lenhoff have also operated their illegal boiler rooms and payment processors in the Balkans. The Balkan Investigative Reporting Network has recently published the Balkan Papers related to the #VCT.

September 30, 2020

Binary options – Millions of crime dividends transferred to perpetrators

The international investigations around the Vienna Cybercrime Trials with dozens of offshore companies bring new surprises almost daily. Until the arrest of one of its principals in early 2019, he led this cybercrime organization together with his wife Marina Barak, the Israeli Gery Shalon, and the Russian Vladislav Smirnov. The organization's purpose was the operation of binary options and broker scams. Millions of stolen funds were transferred to Online Prospect Ltd in Hong Kong, owned by the Israeli Simon Tetroashvili and the German Marc Ostheimer.

September 29, 2020

Binex Group and the Russian-Ukraine Connection in Vienna Cybercrime Trials

In the first of the Vienna Cybercrime Trials ("VCT"), the Israeli principal of the cybercrime organization operated via the Bulgarian E&G Bulgaria, Gal Barak, was sentenced to four years in prison in early September 2020. One reason for the relatively modest sentence was Barak's confession. Through his lawyers, Barak also submitted documents that massively incriminated his Russian partner Vladislav Smirnov and his Binex Group, making him de facto the mastermind behind the Barak scams.

September 25, 2020

Vienna Cybercrime Trials connected to JP Morgan hack and U.S. Indictment

Georgian-born Israeli Gery Shalon is the son of former Georgian MP and entrepreneur Shota Shalelashvili and the alleged mastermind in the largest financial hack in U.S. history (read DoJ press release). He was arrested in Israel in July 2015 and extradited to the U.S. There he stands in a kind of house arrest, waits for his trial, and is said to help U.S. authorities in their fight against Russia in a bid for leniency.

September 25, 2020

Vienna Cybercrime Trials – Following the Money to former Vienna Stock Exchange CEO

The Israeli Gal Barak was sentenced to four years in prison in the Vienna Cybercrime Trials ("#VCT"). The court ordered that the seized funds and assets be used for restitution payments to the victims. Currently, this is a few million and thus only a fraction of the stolen funds. Millions of the Gal Barak's scams were processed via the Austrian-Ukraine payment processor Fondy, which is controlled by the former head of the Vienna Stock Exchange Stefan Zapotocky.