A whistleblower asked us if Payvision or its founder Rudolf Booker was also named a defendant in the German indictments against Gal Barak and his accomplices. The question is justified because tens of millions of the victims of Barak’s broker scams have deposited via Payvision. The criminal files show that as Payvision‘s CEO at the time, Booker knew that Barak was running scams and defrauding customers. But to our knowledge, he is not listed as a defendant in the German indictment.
In the previous German and Austrian indictments against Gal Barak and his lieutenants, Payvision or Rudolf Booker were not named as defendants.
However, we have already reported recently that Payvision were not able to finalize the 2021 financial statements because there are criminal investigations in the Netherlands against the company and its former managers. We can only assume that the Dutch police are investigating the company for money laundering and facilitating cybercrime activities.
It is not yet known whether the law enforcement authorities in Holland and Germany exchange information about their findings. The German prosecutors around Nino Goldbeck are very well aware of Payvision‘s involvement in Gal Barak‘s cybercrime activities.
We are also aware that the European Fund Recovery Initiative (EFRI) and its attorneys are pursuing lawsuits by victims in various jurisdictions against Payvision and its parent company ING.
