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ISRAEL AT WAR - DAY 350

CFTC

CFTC Headquarters in Washington, DC (Courtesy)
July 18, 2018, 1:16 pm
US seeks record $75m. from marketer for steering victims to Israeli binary scams
Boasting of ‘ruining lives,’ Florida’s Michael Shah allegedly sent traffic to Israeli-run binary options sites including LBinary, TraderXP, Trade Rush, Banc de Binary, OptionRally
By Simona Weinglass
Multiple 100 Yuan bills. (Illustrative image: iStock)
October 29, 2017, 2:37 pm
Israel gave taxpayers’ money to key binary options firm to expand into China
Even as regulator worked to ban binary options, Economy Ministry secretively paid $273,000 to SpotOption, the main provider of trading platforms in the now-outlawed industry
By Raoul Wootliff
CFTC Headquarters in Washington, DC (Courtesy)
July 29, 2017, 3:56 pm
US freezes assets of Israel binary options company owner in alleged $16m fraud
Regulator accuses Israeli-American Jason B, Scharf of fleecing at least 8,000 victims; civil complaint also filed against affiliate marketer
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
An online recruiting advertisement for binary options company BetaMedia, the Israeli operational name for 24Option. (Screen capture: Facebook)
August 1, 2016, 7:22 pm
France bans a ‘dangerous’ Israeli binary options firm, US fines two more
French authorities outlaw 24Option for dishonest conduct; US trading commission fines Vault Options Ltd. and Global Trader 365 over $4.5 million
By Simona Weinglass and Raoul Wootliff
CFTC Headquarters in Washington, DC (Courtesy)
June 10, 2016, 6:03 am
1 in 3 companies blacklisted by US commodities watchdog is Israeli
Commodity Futures Trading Commission say 75% of regulator’s ‘red list’ are binary options firms, which have become a growing problem in US
By Simona Weinglass
Illustrative image of people working in finance (via Shutterstock)
March 23, 2016, 12:06 pm
The wolves of Tel Aviv: Israel’s vast, amoral binary options scam exposed
An industry turning over hundreds of millions of dollars, employing thousands of people, is cynically cheating naive would-be investors worldwide via a range of corrupt practices. It is doing terrible harm to its victims, and it risks doing the same to Israel’s reputation
By Simona Weinglass
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