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ISRAEL AT WAR - DAY 585

forex trading

A page from a 2021 eToro investor presentation touting the platform's popularity among young people (Screenshot)
July 1, 2021, 8:54 am
Ex-securities regulator now works for fintech firm that pushed him to weaken law
In 2017, Israel Securities Authority chair Shmuel Hauser agreed to water down a bill that would have significantly curtailed eToro’s global expansion. Now he’s a board member
By Simona Weinglass and Shoshanna Solomon
Screenshot from a promotional video for the now defunct forex website Trade-24.com (Facebook)
July 26, 2020, 2:21 pm
‘Protect the public,’ Tel Aviv judge in forex fraud case urges state, is ignored
Aghast at allegations in suit brought by US-Israeli couple, judge asks authorities to dig deeper; underlining Israel’s failure to tackle multi-billion internet fraud, he’s rebuffed
By Simona Weinglass
A screenshot of the Golden Bridge Forex website on October 3, 2017 (Screenshot)
October 3, 2017, 4:13 pm
Israeli citizen sentenced to 3 years in US prison for forex fraud
Fadi Ewiess’s neighbors in the Arab Israeli village of Reineh reportedly knew that he had money and traveled a lot, but didn’t know why
By Simona Weinglass
Prof. Shmuel Hauser, chairman of the Israel Securities Authority, seen at the Finance Committee in the Knesset. (Miriam Alster/Flash90)
August 14, 2016, 9:33 am
Israeli regulator: Binary options fraud disgusting, ruinous to our reputation
Shmuel Hauser, chair of the Israel Securities Authority, says Israel-based industry fleecing victims worldwide is a problem of national significance; vows to gather all arms of law enforcement to tackle it
By Simona Weinglass and David Horovitz
MK Michael Oren during a committee session at the Knesset, June 20, 2016. (Miriam Alster/Flash90)
August 2, 2016, 4:47 pm
Michael Oren backs Knesset probe of binary options fraud, says it ‘threatens’ Israel
Massive Israel-based industry scamming victims worldwide is ‘very, very disturbing,’ says new deputy minister for public diplomacy
By Raoul Wootliff and Simona Weinglass
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
The entrance to the IFX Expo conference at the Palais des Sports in Limassol, Cpyrus, May 2016 (Hunter Stuart)
June 15, 2016, 10:16 am
As victims pile up, the binary options industry parties in Cyprus
Passing the buck, blaming the clients, and dancing gangster-style: Behind the scenes at the scandal-wracked industry’s annual festive get-together
By Hunter Stuart
Jutta Strake (Courtesy)
April 27, 2016, 1:23 pm
Cheated out of €13,000 ‘trading’ binary options, a victim fights back
After Cologne business consultant Jutta Strake asked to withdraw her funds, she never heard from her friendly broker again, and his alleged Israel-based firm blocked her calls. So she turned detective
By Simona Weinglass
Royal Courts of Justice, London (sjiong -flickr.com/photos/sjiong/109817932/ Wikipedia)
April 11, 2016, 4:38 pm
2,500 victims of binary options fraud to sue in London
Law firm claims many of the 120 alleged scammers have ties to Israel, pleads with Israel’s Justice Ministry to help bring them to justice
By Simona Weinglass
Einat Wilf addresses the Knesset, October 15, 2012. (Miriam Alster/Flash90)
April 4, 2016, 10:19 am
Why hasn’t Israel shut down binary options scam? A former MK describes how she tried
Five years ago, Einat Wilf realized forex/binary options was, at best, an industry founded on illegal gambling. But she was outflanked by lobbyists, and defeated by regulators and her Knesset colleagues — whose inability to grapple with the complexities has echoes of ‘The Big Short’
By Simona Weinglass
Illustrative: A long exposure photograph of traffic on the Ayalon Highway through Tel Aviv, December 19, 2015. (Esther Rubyan/Flash 90)
March 28, 2016, 6:20 pm
TOI talks: The dark underbelly of the start-up nation
On this week’s episode: A soldier facing a murder charge for shooting an unarmed attacker; what Brussels can learn from terrorism in Israel; Trump at AIPAC and Sanders in the cold; and the international binary options scam run from Tel Aviv
By Raoul Wootliff
Illustrative. High-tech office buildings in Herzliya Pituach, in central Israel, December 12, 2015. (Nati Shohat/ Flash 90/ File)
March 28, 2016, 4:41 pm
Binary options: An Israeli scam that has to be stopped
In the days since we detailed the huge, ongoing binary options fraud, we have been contacted by numerous people whose lives have been blighted by it
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
April 7, 2015, 7:43 pm
Israeli female financier breaks FX trading’s glass ceiling
Foreign currency trading has traditionally been a male-dominated – and multinational bank-dominated – business. Ilit Geller hopes to change that
By David Shamah
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