Cyber Scammer Confesses to Fraud Fueled by Cocaine, Whiskey

An Israeli man confessed on Tuesday to helping to steal nearly $10 million from hundreds of victims of a sprawling cyber-trading scam headed by the so-called Wolf of Sofia, while under the influence of cocaine and whiskey.

The 45-year-old, who can be identified only as Tal-Jacki Z.F., owned up to duping investors from Germany, Austria and other nations via call centers operating from Eastern European cities, on day one of a trial in Munich.

“In reality, investors never had a chance of getting their money back, let alone making any profits,” prosecutor Nino Goldbeck told the court. The accused was ...