Tag: Gal Barak
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Recap: The Demise Of The Wolf Of Sofia And His Afterlife!
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The Israeli Gal Barak and his German partner Uwe Lenhoff were arrested in early 2019. They were the leaders of two closely cooperating international cybercrime organizations, which is said to have looted around €100 million annually via illegal online trading platforms. Bulgaria war their headquarters. The arrest of Barak and…
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Introducing Payvision Founder Rudolf Booker!
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The Dutch Rudolf Booker was the founder and CEO of Payvision, an Amsterdam-based paytech. He was born on March 25, 1975. His father is a real estate investor based in Amsterdam. His mother is remarried to real estate billionaire Frits Goldschmeding with a net worth of $ 5.6 billion, according…
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EFRI’s Fight Against Payvision And Its Former Management To Compensate Scam Victims!
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The European Funds Recovery Initiative (EFRI) filed a criminal complaint against Payvision and its former management, Rudolf Booker, Gijs op de Weegh, Cheng Liem Li. According to EFRI, the Amsterdam-based Fintech and licensed payment processor Payvision has been knowingly and willingly facilitating cybercrime and scams. Thus, Payvision would be liable…
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ING Subsidiary Payvision And Its Founder Prosecuted For Alleged Money Laundering And Cybercrime Facilitation!
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According to a report by De Nederlandsche Bank (DNB), criminal investigations have been launched against Payvision, the Dutch media outlet FD reports. The Amsterdam-based ING subsidiary allegedly deliberately neglected money laundering controls for years. The Dutch regulator DNB reportedly warned ING about the deficiencies several times but saw little improvement.…
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Former Binary Options Scammer Launched A Startup Fund For Convicted Cybercriminals!
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In September 2020, Israeli Gal Barak was sentenced to four years in prison by a court in Vienna for investment fraud and money laundering. He was released on parole in 2021 and has since launched the Vantage Fund in Israel to fund convicted cybercriminals and their startups. However, German prosecutors…