Join our Community
Support ToI and remove all ads
Learn more

ISRAEL AT WAR - DAY 477

binary options fraud

A 2017 ad recruiting employees for Envirotech in Tbilisi, one of the call centers run by the GetFinancial Group. The ad says "Highest salary in Georgia" (Facebook screenshot)
July 3, 2023, 1:38 pm
German prosecutors take aim at Israelis behind 77 million euro fraud ring
Three Israelis and two others given jail terms; extradition requested for remaining suspects in Israel of ‘GetFinancial Group’
By Simona Weinglass
Employees inside Yukom Communications (Courtesy)
January 15, 2023, 12:56 pm
Israel arrests 6 men wanted by the US over alleged $148m binary options fraud
Former employees of alleged Yukom Communications scam call center taken into custody 4 years after they were indicted by a US grand jury; extradition proceeding begins
By Simona Weinglass
Michael Ben-Ari (Greenfield) convicted of running a $150 million Ponzi scheme that defrauded several hundred US and Israeli investors (Courtesy EGFE)
December 25, 2022, 6:30 am
‘Israeli Madoff’ Michael Ben-Ari extradited from Bosnia over $150m Ponzi scheme
Ben-Ari to stand trial for allegedly defrauding investors for 15 years in largest-ever scam in Israel; he previously fled on a false passport after posting NIS 2 million bail
By ToI Staff
Illustrative: Financial crime is becoming ever more sophisticated. (Welcomia/iStock by Getty Images)
September 14, 2022, 9:32 am
Financial offenses tied to terror funds, organized crime in Israel soared in 2021
Report by government agency highlights efforts to combat ‘increasingly sophisticated’ methods of financial crime
By Jeremy Sharon
Illustrative: A policeman holds handcuffs. (Yossi Zamir/Flash90)
June 9, 2022, 5:12 pm
Israeli extradited to Germany over alleged part in massive investment scam
Authorities say Yuri Dashevsky is part of an organized gang that from 2015 to 2019 persuaded investors to invest in fictitious financial instruments
By ToI Staff and Simona Weinglass
Illustrative: In this June 16, 2013 file photo, users browse the Internet in an underground station in Hong Kong. (AP/Kin Cheung)
December 30, 2021, 7:36 pm
With criminals moving online, fraud is now Israel’s top illicit cash crop – ministry
Government report finds scams have become a more lucrative source of money than drug trafficking and physical theft, admits police are unequipped to deal with the phenomenon
By Simona Weinglass
A screenshot of the Tradesolid.com website as it appeared in 2016.
November 2, 2021, 4:23 pm
Court lifts gag order on names of alleged forex scammers wanted in Germany
Germany requesting extradition of Israeli citizens Pavel Kotler, Yuri Dashevsky, Nimrod Blachman and Chen Malka for multimillion-dollar binary options and crypto fraud
By Simona Weinglass
Michael Ben-Ari (Greenfield) convicted of running a $150 million Ponzi scheme that defrauded several hundred US and Israeli investors (Courtesy EGFE)
August 6, 2021, 5:31 am
NY court orders assets seized from ‘Israeli Madoff’ on run in $150m Ponzi scheme
Michael Ben-Ari, arrested in April, fled on a false passport after posting NIS 2 million bail; investigators say he fleeced investors for 15 years in largest-ever scam in Israel
By ToI Staff
Illustrative. Money and a gavel. (alefexe/iStock by Getty Images; illustration by Joshua Davidovich)
August 2, 2021, 3:03 am
Foreigners file slew of lawsuits against alleged Israeli investment scammers
People who say they lost large sums to fraudulent trading firms are seeking justice in civil court, though they face webs of shell companies and opaque ownership structures
By Simona Weinglass
Employees of JMRB Media recruit new employees at an "Israel Multilingual Job Fair" in Tel Aviv, January 29, 2016 (Facebook screenshot)
July 29, 2021, 3:14 pm
2 North American ‘idealistic immigrants’ charged with close to $50 million fraud
US Securities and Exchange Commission alleges US-Israeli Ronn Ben Harav and Canadian-Israeli Jonathan Mimun owned and ran binary options websites that stole retirees’ savings
By Simona Weinglass
Police enter a building on May 11, 2021, in connection with an 'action day' against alleged investment fradusters. (Rheinland Pflaz Police)
June 3, 2021, 11:14 pm
Israeli and European police arrest suspects in Israel-run investment fraud
On May 11, police in several countries carried out arrests and searches in connection with the allegedly fraudulent websites: Tradorax, Tradervc, Kayafx, Kontofx and Libramarkets
By Simona Weinglass
Hundreds of guests attend a Torah scroll dedication ceremony for Tel Aviv's Great Synagogue, August 2015. (Israel Bardugo)
April 22, 2021, 3:01 pm
Criminal rot in the heart of Israel
The SEC has filed fraud charges against the key firm in Israel’s global binary options scam. The saga shows our governance, law enforcement and society at large have been corrupted
By David Horovitz
SpotOption's website offered a range of tools and services for binary options companies including payment platforms and risk management. (Screen capture: Spotoption.com)
April 20, 2021, 12:11 am
SEC charges Israel’s main binary options firm, and its 2 chiefs, with vast fraud
Complaint says SpotOption and owners Pini Peter and Ran Amiran defrauded US investors out of at least $100 million; firm was at heart of scam banned by Knesset after ToI reporting
By Simona Weinglass
Illustrative: Cash seized at the Tel Aviv apartment of fraud suspect Ilan Marco, on November 11, 2020 (Israel Police)
November 12, 2020, 9:23 pm
Israeli police arrest French-Israeli man for suspected 1.5m euro fraud
Ilan Abraham Marco allegedly called elderly French victims of binary options fraud and pretended he was a French law enforcement official who had recovered their money
By Simona Weinglass
The Times of Israel investigative journalist Simona Weinglass (courtesy)
October 11, 2020, 2:13 pm
WATCH: How Simona Weinglass’s reporting on fraud changed Israeli law
In this Times of Israel behind-the-scenes video, Weinglass discusses her investigation into the Wolves of Tel Aviv, the binary options scammers who fleeced victims worldwide
Load More
Sign in or Register
Please use the following structure: example@domain.com
Or Continue with
By registering you agree to the terms and conditions
Register to continue
Or Continue with
Log in to continue
Sign in or Register
I forgot my password / Send me a sign in link
Or Continue with
check your email
Check your email
We sent an email to you at .
It has a link that will sign you in.
Never miss breaking news on Israel
Get notifications to stay updated
You're subscribed
image
Register for free
and continue reading
Registering also lets you comment on articles and helps us improve your experience. It takes just a few seconds.
Already registered? Enter your email to sign in.
Please use the following structure: example@domain.com
Or Continue with
By registering you agree to the terms and conditions. Once registered, you’ll receive our Daily Edition email for free.
Register to continue
Or Continue with
Log in to continue
Sign in or Register
I forgot my password / Send me a sign in link
Or Continue with
check your email
Check your email
We sent an email to you at .
It has a link that will sign you in.