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ISRAEL AT WAR - DAY 466

binary options ban

A screenshot from a Canadian government website designed to prevent citizens falling victim to binary options fraud.
March 28, 2018, 7:05 pm
European Union bans binary options, strictly regulates CFDs
Vise tightens around Israeli online scammers; Israeli banks close forex companies’ accounts, and Twitter follows Google and Facebook in banning cryptocurrency ads
By Simona Weinglass
An ad for binary options firm Prime Sales featuring a still from ‘The Wolves of Wall Street” (Screenshot)
March 14, 2018, 1:57 pm
Google to ban all ads for binary options, cryptocurrencies
In massive blow to Israel’s criminal investment scam industry, Internet giant’s move also covers unregulated forex and CFDs
By Simona Weinglass
Illustrative: FBI agent (iStock)
January 21, 2018, 5:29 am
Amid police inaction on binary options fraud, FBI pursues suspects in Israel
Agents visit platform provider SpotOption, and question binary options company owner Yossi Herzog
By Simona Weinglass
Israel Securities Authority chairman Shmuel Hauser at a Finance Committee meeting in the Knesset on September 11, 2017. (Miriam Alster/FLASH90)
November 12, 2017, 4:28 pm
Cryptocurrencies may be the next big Israeli scam, top regulator warns
Shmuel Hauser also says Israel Securities Authority cannot get binary options victims’ money back, but may help with legal fees; it is up to police to arrest the fraudsters
By Simona Weinglass
Illustrative image: Azrieli Towers, Tel Aviv (Moshe Shai/Flash90)
October 26, 2017, 10:49 am
Why binary options ban is only a small victory in the war on Israeli corruption
MKs finally moved this week to shut down a mega fraud. But the legislative process exposed the impotence of law enforcement… and the growing intimidatory power of Israel’s crooks
By David Horovitz
Karine Elharrar
October 24, 2017, 3:25 pm
Karine Elharrar
Defeating binary options shows the system can work
Journalists investigated, politicians acted and Israel will be a better country as a result
A Facebook ad for an Israel-based binary options firm posted April 19, 2016 (Screenshot)
October 23, 2017, 9:31 pm
Israel bans binary options industry, finally closing vast, 10-year fraud
19 months after Times of Israel began exposing multi-billion dollar global scam, Knesset gives operatives three months to shut down or face jail terms
By Simona Weinglass
The Canadian parliament building in Ottawa, Canada (MarcBruxelle/iStock)
October 1, 2017, 1:54 pm
Canada passes complete binary options ban, urges Israel to follow suit
Despite Canadian efforts to curb the industry as well as a proposed Israeli law to outlaw it, the number of complaints of binary options fraud in Canada has not dropped
By ToI Staff
Lee Elbaz, former CEO of Yukom Ltd. (Linkedin)
September 24, 2017, 9:51 am
FBI arrests Israeli binary options CEO as she disembarks El Al flight at JFK
Alleged fraudster Lee Elbaz under house arrest in US, faces up to 40 years in US prison for wire fraud
By ToI Staff
MK David Bitan (Likud) and MK Rachel Azaria (Kulanu) (Photo credits: Flash90 and Miriam Alster/Flash90)
August 9, 2017, 7:53 am
Unhappy with bill, Israel’s coalition chief won’t rush binary options ban to Knesset
After committee approves already watered-down legislation, Likud’s David Bitan tries to reopen debate, is told he’s too late, rebuffs committee chair’s plea to bring law urgently to parliament for final approval
By Simona Weinglass
Participants in a July 31 Reforms Committee meeting on binary options (Times of Israel staff)
August 6, 2017, 10:35 pm
Knesset committee to vote Monday on watered down binary options bill
Only three legislators confirm they will attend Reforms panel session, and one says he is not sure how he will vote
By Simona Weinglass
Knesset Member Rachel Azaria, pictured at the Knesset Finance Committee on November 30, 2016. (Hadas Parush/Flash90)
July 28, 2017, 6:17 am
Knesset committee to meet next week on bill to ban binary options
Among those expected at hearings are government officials as well as binary options lobbyists. The public is encouraged to attend
By Simona Weinglass
The Knesset plenum votes on the state budget for 2017-2018, December 21, 2016. (Yonatan Sindel/Flash90)
June 26, 2017, 9:09 pm
Knesset gives initial okay to bill banning binary options
MK Dov Khenin (Joint List) calls for the law to be expanded to include additional ‘toxic’ financial products
By Simona Weinglass
Finance Minister Moshe Kahlon and Justice Minister Ayelet Shaked arrive for the weekly cabinet meeting at the Prime Minister's Office in Jerusalem on June 18, 2017. (Yonatan Sindel/Flash90)
June 22, 2017, 2:21 pm
Absent or opposed, not all ministers backed bill to ban binary options
A minority of cabinet members withheld support from the move to outlaw the Israel-based multi-billion dollar scam, leaks from Sunday’s vote reveal
By Simona Weinglass and Raphael Ahren
A Facebook ad for an Israel-based binary options firm posted April 19, 2016 (Screenshot)
June 18, 2017, 5:10 pm
Israeli ministers approve bill to outlaw entire binary options industry
Draft law — prompted by Times of Israel reporting on decade-old, multi-billion dollar fraud — welcomed by Israel’s securities regulator and attorney-general
By Simona Weinglass
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