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ISRAEL AT WAR - DAY 478

binary options victims

Screenshot of an image used in SpotOption's promotional material
October 4, 2021, 1:04 pm
Insider filmed saying top binary options platform rigged, boosting victims’ suit
Detectives obtain footage of ex-industry executive alleging SpotOption software was tilted against investors; clip to be used as evidence in class-action lawsuit filed in Tel Aviv
By Simona Weinglass
Liora Welles in a photo she uploaded to Facebook in December 2015. (Screenshot: Facebook)
December 27, 2018, 11:22 pm
2 more Israeli women charged in US in binary options fraud case
Liora Welles and Shira Uzan, accused of working as sales representatives to swindle millions of dollars out of victims, plead guilty to conspiracy charges
By AP and ToI Staff
A Facebook photo of Lee Elbaz taken during her house arrest in San Francisco in January 2018 (Facebook screenshot)
October 20, 2018, 6:39 pm
Joining the likes of Madoff, alleged binary options fraudster to get DOJ website
Notorious distinction is because US government alleges Lee Elbaz, former CEO of Israeli binary options firm, may have ‘affected thousands’ of victims
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
Banc De Binary CEO Oren Laurent in an interview posted on YouTube in August 2016 (YouTube screenshot)
May 29, 2017, 6:20 am
Wikipedia vs. Banc De Binary: A 3-year battle against binary options ‘fake news’
Binary options fraudsters employ experts to outwit Google, create laudatory news sites, engage on social media — anything to encourage new victims and keep the truth from coming out. One key battlefield: The online encyclopedia
By Simona Weinglass
CFTC Headquarters in Washington, DC (Courtesy)
May 1, 2017, 2:15 pm
15 Israel-based companies added to US financial watchdog’s ‘red list’
Local binary options and forex firms increasingly dominate CFTC warning roster, which has swollen to 111 names
By ToI Staff
Binary St / St Binary from the inside (Iacopo Luzi)
February 19, 2017, 2:56 pm
I trained as a binary options salesman for a day. It wasn’t pretty
Times of Israel intern Iacopo Luzi got himself a start at a Ramat Gan firm; he’s relieved to report that it didn’t work out too well
By Iacopo Luzi
Illustrative: FBI agent (iStock)
February 15, 2017, 5:13 pm
FBI says it’s investigating binary options fraud worldwide, invites victims to come forward
Agency has received numerous complaints about Israel-centered fraudulent industry, and its probe ‘is not limited to the USA,’ official says. ‘We see this as a global problem,’ adds spokeswoman
By Simona Weinglass
Composite image: Fred and Maria Turbide, and an Israel Police logo (Courtesy)
January 24, 2017, 3:49 pm
When binary options fraud turned fatal, and Israel, through its inaction, became complicit
Op-Ed: Israeli law enforcement could have prevented the suicide of Canadian Fred Turbide last month, by closing down the firm that fleeced him, just as it could have stopped the corrupt industry blazing a trail of ruined lives worldwide for a decade. Unconscionably, even though many of the firms routinely engage in the crudest of thefts, the police do nothing
By David Horovitz
MK Karin Elharar, chair of the Knesset State Control Committee (right), Israeli Securities Authority chief Shmuel Hauser (third from right) and other participants in a session on tackling binary options fraud, January 2, 2017 (Luke Tress/ Times of Israel)
January 2, 2017, 5:10 pm
In first, Knesset committee debates how to stop Israel’s vast binary options fraud
Committee chair Karin Elharar convenes panel in response to Times of Israel reports on multi-billion dollar decade-long scam
By Raoul Wootliff and Simona Weinglass
Illustrative image (iStock)
December 21, 2016, 2:10 pm
Knesset panel schedules session to tackle binary options fraud
‘It is not acceptable that people are able to operate from Israel and cheat people around the world,’ says committee chair
By Simona Weinglass
Photo credit: Denisfilm/Istock by Gettyimages
December 20, 2016, 1:55 pm
How a former US secret agent recovered $2 million for binary options victims
Haggai Carmon spent 20 years tracking money launderers for Department of Justice. He says binary options industry ‘layering’ reminds him of sophisticated espionage or terror group
By Simona Weinglass and David Horovitz
An illustrative photo of the Ramat Gan diamond center, where many binary options firms are located, June 23, 2015. (Miriam Alster/Flash90)
December 9, 2016, 11:51 am
Facing threats and government inaction, Israeli activists take aim at binary options fraud
Lawyer for binary options victims sends letter to securities authority demanding immediate shutdown of industry, says he is prepared to petition High Court of Justice
By Simona Weinglass
A 2016 commercial showing Maccabi Tel Aviv basketball players promoting iTrader (Screenshot YouTube)
November 12, 2016, 3:44 pm
Israeli authorities raid binary options firm, arrest CEO, salespeople
iTrader employees charged with fraud, providing unlicensed investment advice, obstruction of justice; chief regulator has told Times of Israel he aims to shut down entire industry
By Simona Weinglass and David Horovitz
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