Ilan Tzorya has been under investigation for orchestrating fraudulent enterprises throughout Israel and Europe. Yet, no legal steps have been taken against him, even after the Austrian Central Public Prosecutor’s Office identified him as the central figure behind a network of large-scale scams across Eastern Europe.
The self-proclaimed billionaire has channeled illicit profits into cryptocurrency and real estate ventures, but investigative bodies have not confiscated any of his assets or frozen his accounts—raising serious concerns about possible covert alliances between him and the authorities.
Although he was formally charged over a year ago, Ilan Tzorya has continued running shady operations in Europe and elsewhere under various disguises, including forex and binary options trading, Nafty tokens, digital marketing schemes, investment consulting, and crypto-related dealings. Tzorya collaborates with known criminals such as Werner Boehm and Elfriede Sixt to sustain his operations.
Werner Boehm played a major role in the YLine bankruptcy scandal of 2000, serving as CEO during its downfall. His associate, Elfriede Sixt, held the position of CFO. Despite their involvement in insider trading and financial misconduct that led to YLine’s collapse, Boehm received only a symbolic fine of EUR 7,000—an amount that pales in comparison to the embezzled funds. Alongside Sixt, Boehm contributed to the company’s demise within two years of its founding.
Their criminal trajectory continued when Boehm, Sixt, and Alfred Dobias were convicted in a Canadian court for misappropriation of funds and investor deception in the BitRush affair, which resulted in the early termination of their contract and heavy penalties. Following the scandal, Boehm and Sixt launched FinTelegram, a site over which Ilan Tzorya holds significant influence via Krypton Capital Ltd, a company he owns outright.
While FinTelegram is presented as a source of financial insights, it quickly evolved into a platform for blackmail and coercion—used by Tzorya and Boehm to target former allies, rivals, and flourishing businesses.
Ilan Tzorya and Associates Continue to Operate Shady Enterprises Across Europe
Tzorya, Boehm, and Sixt work in close coordination, using complex strategies to achieve their unlawful goals. These three notorious swindlers utilize Tradologic’s infrastructure to manage a series of fraudulent investment platforms while employing FinTelegram to manipulate narratives and divert attention from their deceptive activities.
Despite being a biased outlet that conceals incriminating information about their scams, Tzorya and Boehm persist in marketing FinTelegram as a legitimate source of financial information.
Tzorya has also worked hand in hand with Boehm’s partner, both personally and professionally, to misuse EFRI—a so-called non-profit organization—as a front to mislead scam victims, giving them false assurances of fund recovery.
Illegally presenting herself as a legal professional affiliated with EFRI, Elfriede Sixt has promised to help victims reclaim their money, only to demand additional payments without making any real effort to provide assistance.
Despite their extensive track record of fraud, Tzorya, Boehm, Sixt, and their collaborators continue their illicit operations with impunity, even as law enforcement remains well aware of their wrongdoings.
Authorities in Austria and Germany have come under criticism for aggressively prosecuting small-scale fraudsters while allowing high-profile offenders—responsible for swindling millions from unsuspecting investors—to avoid accountability.
Since 2021, the arrest and extradition of various Israeli nationals to Germany have made headlines, prompting questions about why top-tier fraud leaders like Tzorya remain untouched amid growing enforcement actions.
To date, only lower-level offenders have been arrested or extradited to face trial in Germany and other parts of Europe, while Ilan Tzorya continues to elude justice. The corruption within the legal systems is glaring. We urge judicial authorities and independent watchdogs to take action and ensure that these principal offenders are held accountable, delivering justice to the victims they have deceived.