Recently it came to my attention that numerous Revenge websites posing as consumer complaint review sites were popping up all seeming to be styled after RippOffReport.com, one of the most unscrupulous sites on the web.
What was even more interesting was the repeated posting by one of Washington States most prolific criminals, Julian Yves Cauvin AKA: Julian James. It's no surprise Mr. Cauvin was posting his usual lies about me and this site, but it was surprising that these sites are actually flagging this site as a scam site not to be trusted.
After looking into it a bit further I've learned these sites are all based out of Sofia Bulgaria, the fake watch capital of the world. Bulgarians dumped thousands if not millions of these fakes on unsuspeting ebay shoppers for years, until AllReaders.net exposed them in great detail. Today you will see only a few such fakes being sold on ebay.
This site does expose actual fakes, scams, and criminals operating on the net. I do not allow people to post slanderous, libelous statements that are obviously all about revenge and not truth. These sites do exactly that, and they profit from it through advertisers. They also glean personal information from you while your rambling on about the person or business you've declared war on.
AllReaders.net has never in its 16 years of existence profitted from or sought to profit from the information posted on it. In fact, its done at my own expense and will always continue to be.
This site recieves roughly 3,000 visits a month from unique visitors and I have received countless emails over the years thanking me. It's unfortunate Bulgarians don't pursue more honest means of prosperity, but it is what it is.
So if you actually believe sites such as these, located in Bulgaria, want to assist US consumers avoid and report fraud, then by all means post your complaints on them. Just remember, if you lay with dogs you will get fleas.
After a bit of research I've concluded, in my opinion, the Bulgarian sites listed below may be all owned by RipOffReport.com, who's owneris a complete idiot and a total piece of shit.
Scroll Down to Read More About Bulgarian Scammers on the Net.
Bulgaria is Not Just in the Fake Watches, Clocks, and WW2 Antiquity Business Anymore
Should Say "Lies Make Money"
Revenge Site DEFAULTERS.COM
The Scam of NO-SCAM.com
The Many Faces of Nicholas Z
So You Tell Me, Does RipOffReport Own All Of These Bulgarian Websites?
Site Mentioned on NO-SCAM.com as Being Legit
Found on Google Search
Idiotic Q&A On These Scam Sites
Interesting Promo for Ripoff Report
Unfortunately, in all their brilliance, they veered off course when they posted these Q&A comments which are clearly biased and libelous as they are not posted by third parties nor based in facts. This site never attempted to contact me for a response.
This Comment is Absurd. You see tons of positive reviews about AllReaders.net because this site actually works to help the public and assist them in not falling prey to the millions of scam artist working the web all day every day. I have never paid or offered to pay any website a dime for removing anything on their site about me. It will be a cold day in hell before lowlife scam artist running websites will profit from me. You put me on your site, I'll put you on mine. Difference is, I will stick to the facts and never put anything on my site that I can't prove in a court of law.
Learn More About Bulgarian Scam Artist Running Websites
Bulgarian scammer jailed for £41.6m fraud
25 September 2019
Source: Crown Prosecution Service
A Bulgarian phishing expert who created website scripts designed to look just like the real websites of legitimate companies to help criminals defraud victims out of an estimated £41.6 million has been jailed for nine years.
Svetoslav Donchev, 37, was extradited to the UK to face the online scamming fraud charges, and pleaded guilty to five offences at Southwark Crown Court today (Friday, 20 September).
Donchev created website scripts which were designed to look like the real websites of legitimate companies. However, they would be hosted on another server in the control of a cybercriminal who would then lure victims to it by sending ‘phishing’ emails suggesting that accounts needed to be verified or that victims were due a refund.
When the victim then completed the forms by inputting their personal financial information, the details were either logged or sent by email to the cybercriminal who would then use these for fraud or to sell them on the dark web. Donchev also provided them with software that disguised their phishing sites from being identified as ‘risky’ by web browsers.
Police investigators were led to Donchev when they discovered an email address in computer files of convicted cyber hacker Grant West. When he was arrested in his home in Pleven, Bulgaria, where he lived with his parents, Bulgarian and Metropolitan Police investigators found folders on his computer revealing the extent of his criminal activities.
They established that he had created website scripts for up to 53 UK based companies, or companies with a UK footprint. They estimated there were a potential half a million victims as a result of his criminal activity.
Sarah Jennings, CPS prosecutor, said: “Donchev’s criminal activity facilitated the compromise of hundreds of thousands of victims’ personal details and banking credentials by the theft of their personal banking details. Phishing scams cause enormous stress, upset, inconvenience and loss to users and customers of websites. They also result in huge losses to the organisations and companies affected.
“Donchev would not steal the bank details himself. He would supply the tools for others to do so. He may have felt removed from the scams themselves, but the thorough police investigation and this successful prosecution shows that we will track down all those involved in online scams, extradite them if they are abroad, and put them before the UK courts.”
Bulgarian crypto scam lures investors with fake FCA accreditation
The UK Financial Conduct Authority (FCA) is warning consumers to be extra vigilant as cryptocurrency scammers are falsely claiming to have FCA accreditation.
In a statement from yesterday, the FCA warned Bulgaria-based blockchain startup Next Coin Market is misleading UK-based investors by linking to a fake website that suggests the company has been fully authorized by the FCA, despite having received no such accreditation.
“We believe Next Coin Market is an illegal organization based in Bulgaria, claiming to be an FCA authorized firm offering cryptocurrencies to UK consumers, the statement reads.
“We have become aware they are sending consumers a link to a fake website, which gives the impression they are authorized by the FCA, when they are not,” the UK regulator continued. “This is criminal activity.”
Naturally, anyone that has been approached by Next Coin Market should flag it with the FCA. If you were unfortunate enough to fall for the scam, the FCA recommends contacting a fraud helpline like Action Fraud.
It obviously doesn’t take much time or effort to place a fake FCA logo and claim to be accredited. Claiming false affiliation is one of the oldest tricks in the book.
In the case of the FCA, you can always double-check whether the firm in question is regulated by cross-referencing the FCA‘s Financial Services Register. If the scam company isn’t listed, it’s best to steer clear.
This instance isn’t an isolated case either, it’s been happening all over the world. Belgian authorities have been keeping a track of cryptocurrency scam websites, many of which claim fake affiliation to recognized industry authorities and regulators.
In September 2018, Belgian watchdogs had documented 28 new scam websites to add to its list of 70 sites targeting would-be investors. By the end of October this list had grown to 99 websites, and smashed past 100 by December.
Even the US Securities and Exchange Commission (SEC) had some fun, all in the name of education, when it launched a fake initial coin offering (ICO) to warn investors about the dangers of dodgy cryptocurrencies.
It seems this type of scam is a growing favorite among Bulgarian fraudsters. Last November, $3 million worth of illicitly obtained cryptocurrency was seized from a Bulgarian cartel after an investigation that began in June 2018.
Department of Justice
Office of Public Affairs
FOR IMMEDIATE RELEASE
Tuesday, January 12, 2021
Owner of Bitcoin Exchange Sentenced to Prison for Money Laundering
A Bulgarian national who was convicted by a federal jury for his role in a transnational and multimillion-dollar scheme to defraud American victims was sentenced today to 121 months in prison.
Acting Assistant Attorney General David P. Burns of the Justice Department’s Criminal Division, U.S. Attorney Robert M. Duncan Jr. of the Eastern District of Kentucky, and Resident Agent in Charge John Oldham of the U.S. Secret Service made the announcement.
U.S. District Court Judge Robert E. Weir sentenced Rossen G. Iossifov, 53, formerly of Bulgaria, for conspiracy to commit a Racketeer Influenced and Corrupt Organizations Act (RICO) offense and conspiracy to commit money laundering.
According to trial evidence, Iossifov owned and managed RG Coins, a cryptocurrency exchange headquartered in Sofia, Bulgaria. According to the evidence at trial, Iossifov knowingly and intentionally engaged in business practices designed to both assist fraudsters in laundering the proceeds of their fraud and to shield himself from criminal liability. At least five of Iossifov’s principal clients in Bulgaria were Romanian scammers, who belonged to a criminal enterprise known in court records as the Alexandria (Romania) Online Auction Fraud (AOAF) Network.
More specifically, according to court documents and evidence presented at trial, Iossifov and his co-conspirators participated in a criminal conspiracy that engaged in a large-scale scheme of online auction fraud that victimized at least 900 Americans. Romania-based members of the conspiracy posted false advertisements to popular online auction and sales websites — such as craigslist and eBay — for high-cost goods (typically vehicles) that did not actually exist. Once victims were convinced to send payment, the conspiracy engaged in a complicated money laundering scheme wherein domestic associates would accept victim funds, convert these funds to cryptocurrency, and transfer proceeds in the form of cryptocurrency to foreign-based money launderers. Iossifov was one such foreign-based money launderer who facilitated this final step in the scheme.
According to evidence at trial, Iossifov designed his business to cater to criminal enterprises by, for instance, providing more favorable exchange rates to members of the AOAF Network. Iossifov also allowed his criminal clients to conduct cryptocurrency exchanges for cash without requiring any identification or documentation to show the source of funds, despite his representations to the contrary to the major bitcoin exchanges that supported his business. Evidence submitted during trial and his sentencing hearing revealed that Iossifov laundered nearly $5 million in cryptocurrency for four of these five scammers in a period of less than three years. This represented over $7 million in funds defrauded from American victims. In return, Iossifov made over $184,000 in proceeds from these transactions.
Iossifov was convicted after a two-week trial in front of Judge Weir in Frankfort, Kentucky in September 2020.
Under federal law, Iossifov must serve 85 percent of his prison sentence.
Thus far, 17 members of the AOAF Network have been convicted for their role in this scheme, including Iossifov. Seven others have been sentenced, including Livui-Sorin Nedelcu to 82 months in prison, Marius Dorin Cernat to 50 months in prison, Stefan Alexandru Paiusi to 31 months in prison, Eugen Alin Badea to 40 months in prison, Florin Arvat to 30 months in prison, Alin Ionut Dobric to 37 months in prison, and Austin Edward Nedved to 96 months in prison. Three members are fugitives.
The investigation was conducted by the U.S. Secret Service, Kentucky State Police, Lexington Police Department, IRS Criminal Investigation and U.S. Postal Inspection Service, and supported by the Justice Department’s Organized Crime Drug Enforcement Task Force (OCDETF) and the International Organized Crime Intelligence and Operations Center (IOC-2). Assistance was provided by the Romanian National Police (Service for Combating Cybercrime), the Romanian Directorate for Investigating Organized Crime and Terrorism (Agency for Prosecuting Organized Crime), and the Supreme Prosecutor's Office of Cassation of the Republic of Bulgaria. The Justice Department’s Office of International Affairs and Money Laundering and Asset Recovery Section of the Criminal Division provided significant support. This case is being prosecuted by Senior Counsel Frank Lin and Senior Trial Attorney Timothy Flowers of the Criminal Division’s Computer Crime and Intellectual Property Section and Assistant U.S. Attorneys Kathryn M. Anderson and Kenneth R. Taylor of the U.S. Attorney’s Office for the Eastern District of Kentucky.
German police uncover €100 million online trading scam
Police from across Europe have smashed a massive online trading scam. A key suspect of the €100 million scam has been arrested in Bulgaria.
German investigators worked with law enforcement agencies from across Europe to smash a €100 million online trading scam, police announced on Tuesday.
A Bulgarian-based crime group created fake trading platforms for obscure financial instruments and cryptocurrencies, telling victims that the investments were safe and any major losses would be insured.
Victims were allegedly shown impressive earnings results to encourage further deposits, or, in the case of losses, were encouraged to further investment to cover the losses.
Meanwhile, the network allegedly funneled the proceeds into companies that laundered the money. The group operated call centers, websites and software companies to facilitate the scam, police said.
Police said the network used social media and other techniques to lure victims across Europe before defrauding them of €100 million ($114 million) annually.
Austrian investigators said the platforms run by the group included: XTraderFX, Optionstars, OptionstarsGlobal, Goldenmarkets, SafeMarkets and Cryptopoint.
A key suspect was detained during raids of 21 companies in Sofia, along with the seizure of a six-figure sum of money and several terabytes of data.
Austrian Interior Minister Herbert Kickl congratulated the international collaboration: "This successful action is an important blow against cybercrime, where perpetrators have access to state-of-the-art digital technology."
Call centres are popping up across the Balkans. One Israeli-run network was used to defraud tens of thousands of mainly elderly Europeans of an estimated 200 million euros
In December 2018, a man called Alexander Ignjatovic called the offices of the federal police in the German town of Wiesbaden, near Frankfurt, and asked to be put through to the head of the Cybercrime Department.
Ignjatovic, who was born in Germany but was of Serbian origin, told police he had information on a multimillion-euro fraud operation being run out of call centres in the capitals of Serbia and Bulgaria – Belgrade and Sofia – and that he was willing to tell all in exchange for protection for himself and his family.
Two months later, he entered the gates of the German embassy in Belgrade, and in July he gave a statement to police in Germany that, typed up, ran to almost 50 pages.
On February 11 this year, Ignjatovic was found dead in a hotel room in Sofia just months before he was due to take the stand as a key prosecution witness in the trial of the Israeli man charged with masterminding the scam and laundering the profits. Bulgarian authorities said Ignjatovic died of heart failure. He was 34 years old.
His testimony, however, helped blow the lid on a scam that investigators say defrauded tens of thousands of people across Western Europe of at least 200 million euros, deceiving them into handing over their savings in the mistaken belief they were trading in foreign currencies.
In September this year, a court in Vienna found the Israeli ringleader, 33-year-old Gal Barak, guilty of fraud and money laundering and sentenced him to four years in prison.
Yet while police in Austria and elsewhere in Western Europe spent several years investigating the case, it remains unclear whether authorities in Serbia and Bulgaria have done the same, fuelling suspicion among some that the large-scale operation – involving dozens of call centres and hundreds of employees – enjoyed protection by some elements of the state. One of Barak’s most senior local employees told BIRN she had not been contacted by police.
“Obtaining permits for this business is as demanding as opening a bank,” said the owner of another call centre in Belgrade who spoke on condition of anonymity.
Another person familiar with the case told BIRN: “A job involving hundreds of millions of euros of illegally earned money cannot be carried out without someone’s protection. This is a job that could not go unnoticed.”
Bulgarian Cyber Security Chief Warns Public Against Online Scams
Naive or careless people have still been misled to pay large amounts of money to online fraudsters, a Bulgarian cyber security chief said here on Wednesday, reports Xinhua.
"Fraudulent shopping sites are the easiest scam that is circulating on the Internet," Svetlin Lazarov, head of Cyber Intelligence and Digital Forensics at the country's General Directorate for Combating Organized Crime (DGCOC), said during the Security of Digital Payments conference.
These websites offered goods at much lower prices, Lazarov said. Unfortunately, on the Black Friday at the end of last year, DGCOC has registered many cases of people who were cheated by such sites.
"You cannot get for free something that costs a lot of money," Lazarov warned.
The so-called romantic scams were another interesting type of fraud, he said. The DGCOC received complaints about such cases every day.
Deceived people have paid a lot of money to rescue "princes from Africa" or "generals from the Middle East" and let "their loved ones" come to Bulgaria, Lazarov said.
"These are extremely tragic stories because one sometimes spends all their resources to rescue someone who does not exist," Lazarov said, adding that it was a business model that "unfortunately continued to work".
The third interesting scam, which has been circulating constantly, was the man-in-the-middle fraud, or interception of corporate emails and deceiving companies to transfer money to bank accounts of fraudsters instead of to their real counterparts, Lazarov said.
He recalled that last year, Bulgarian authorities have revealed two big financially motivated cyber attacks worth 5.2 million U.S. dollars in total against a "large company" in South Korea and a U.S.-registered legal entity respectively.
Bulgaria phone scammers rob, blackmail elderly
From impersonating police to threatening to hurt loved ones, brazen Bulgarian gangs terrorise the elderly and rob them of their life savings with increasingly aggressive phone scams netting millions of euros.
"They did not only take my money but also my health... I keep shaking all day long," Gergina Alexieva said, a retired teacher in the western town of Kyustendil.
The 82-year-old recently fell victim to one of the most popular schemes, which involves tricking people into believing they are assisting police with catching a gang of scammers.
In a phone conversation, a man posing as a cop warned Alexieva that she was about to be contacted by criminals who would try to blackmail her into handing over her money.
He instructed her to follow their orders, saying that officers were waiting outside the house to catch the thieves in the act.
While Alexieva was talking to the alleged official on the landline, her mobile rang and as predicted, an aggressive voice shouted at her to throw her money off the balcony.
"The fake policeman on the landline told me: 'Don't worry madam... Collect everything you have -- money, gold rings -- and do as they say. Everything will be alright,'" Alexieva said.
The plot might seem implausible at first but add to that a menacing tone and many will feel too intimidated to question the scenario.
"I did as I was told... I was very scared," said Alexieva, who lost her entire life savings of 5,800 leva (3,000 euros, $3,200).
'Just hang up'
Old people are easy prey in the European Union's poorest member state: many live alone because their children and grandchildren have moved abroad in search of better opportunities.
The isolation, coupled with the bitter memories from a series of banking crises, has prompted senior citizens to hide large amounts of cash in their homes.
Well aware of this, sly fraudsters work their way through the phone book and dial random numbers in the hope that an elderly person will answer.
And often they get lucky.
Around 900,000 people in the 7.4-million-strong nation have been the target of phone fraud, particularly those aged over 60, according to a new survey by Bulgaria's Trend Institute.
In the capital Sofia, a retired doctor told that she suffered a heart attack after being duped.
"It wasn't their lies that made me cave in, but the threat to cut off my daughter's ears," confided the 79-year-old, who wished to stay anonymous.
Bulgarian media abound with daily stories about the fake cop hoax.
Amid rampant corruption, other common phone scams include extorting money to allegedly help a relative pay for a costly medical operation or bribe a cop to avoid prosecution after killing a child in a car accident.
Between 2011 and 2016, these shakedowns netted around 11 million euros, of which almost a third accounted for just 2015.
In response, the government has launched a major awareness campaign, with state TV broadcasting ads about the most popular hoaxes and how to avoid falling prey to them.
But elderly citizens have also begun to take matters into their own hands.
Each week, locals in the southern village of Rogosh get together to discuss the latest scams and ways to respond.
"Just hang up" is a commonly shared piece of advice.
"The women here have had the courage to fight back and react without panic. No one's fallen into their trap over the past year," said mayor Velichka Velichkova.
Rogosh's anti-scam club has proven so successful that police authorities have decided to launch similar initiatives elsewhere in the country.
Hard to catch
Nonetheless, authorities are having a tough time hunting down those responsible.
Just one in 10 suspects is identified, according to official data.
The scammers use pre-paid mobile phone cards that make it impossible to track them down.
The con men are careful not to call each other and there is no direct contact between the gang leaders, those ringing the victims and the people collecting the money.
"Families have specialised in this scam over generations, entire neighbourhoods have been doing it since the 1990s," said a police officer, who wanted to remain anonymous.
"When we do manage to expose a network, a family member with a clean criminal record will take the fall and get off with a suspended sentence."
The scheme has proven so successful that Bulgarian gangs are now also targeting neighbouring Greece, where people have been stashing even bigger sums in their homes following the financial crisis.
Seven Bulgarian nationals were recently transferred to Greece to be prosecuted on suspicion of trying to scam 34 retired Greeks.
"If the scam yields between 2,000 and 5,000 leva (1,000 and 2,500 euros), in Greece it's between 30,000 and 50,000 euros," said senior police official Zlatka Padinkova.