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Illustrative: An employee of the Bulgarian call center Dortome BG is handcuffed on October 6, 2021, during a Europol-coordinated raid (Source: Bulgarian Interior Ministry)
October 29, 2021, 6:49 pm
October surprise: Who’s who in the unprecedented wave of investment scam raids
A detailed look at the German-led blitz against alleged Israeli-led online fraud schemes in 6 countries offers a peek at the industry’s tangled webs and the figures being targeted
By Simona Weinglass
Illustrative: German police carrying out a raid on a suspected money laundering ring in Duesseldorf, Germany on October 6, 2021. (AP/Martin Meissner)
October 29, 2021, 6:48 pm
In major shift, Germany begins targeting platforms driving Israel’s online fraud
A rash of raids in 6 countries points to a new strategy: Going after the trading programs that allegedly allow scamsters to keep pushing crypto and other investment cons
By Simona Weinglass
Illustrative: A policeman holds handcuffs. (Yossi Zamir/Flash90)
October 20, 2021, 8:26 pm
Police nab 15 in suspected forex investment scam of German citizens
Raid on Petah Tikva call center carried out at request of German police; group allegedly persuaded investors to invest in fictitious financial operations, authorities say
By Simona Weinglass and ToI Staff
Guy Grinberg in 2016 (Facebook screenshot)
October 7, 2021, 3:18 am
2 of 26 Israelis arrested in forex raids named as Guy Grinberg and Snir Hananya
The pair are among a group arrested for alleged massive fraud and money-laundering offenses at the behest of the FBI
By Simona Weinglass
Illustrative: Police at a march in Tel Aviv against Prime Minister Benjamin Netanyahu on October 6, 2020. (Tomer Neuberg/Flash90)
October 6, 2021, 10:47 am
26 alleged forex fraudsters arrested in Tel Aviv in joint investigation with FBI
Suspects detained for allegedly scamming tens of millions of shekels out of victims abroad; parallel arrest raids carried out in other countries
By ToI Staff
Israeli Prime Minister Naftali Bennett leads a cabinet meeting at the Prime Minister's Office in Jerusalem on June 20, 2021. (Alex Kolomoisky/POOL)
June 27, 2021, 2:04 pm
Behind Bennett’s Payoneer payday, a firm that profited off smut and alleged cons
Leaked US Treasury documents reveal that the soon-to-go-public company, where the new prime minister was an early investor, did business with bottom feeders of the internet
By Simona Weinglass
A view of Ramat Gan's diamond district, where many binary options firms were located, on April 3. 2016. The sign on the building reads "Israel's diamond district: national pride" (Simona Weinglass/Times of Israel)
December 9, 2019, 6:22 am
Foreigners file dozens of lawsuits against Israeli binary options companies
Lawyer for alleged victims says all his cases to date have ended in settlement rather than trial; civil suits provide an avenue for relief amid Israeli police, prosecution inaction
By Simona Weinglass
ISignthis exhibited its services at the ifxexpo conference for the online trading industry in Limassol, Cyprus, in May 2019 (Facebook)
October 30, 2019, 5:55 pm
Australia stock market probe hints at magnitude of alleged Israeli scam industry
Australian payment facilitator iSignthis, in trouble with regulators, admits to processing up to $69 million for a single Israeli forex/CFD company in a month
By Simona Weinglass
Illustrative: Call center employees at E&G Finances in Bulgaria which operated online trading sites (YouTube screenshot)
March 7, 2019, 2:14 pm
Alleged Israeli financial scammer arrested in Bulgaria
Bulgarian media reports that binary options and cryptocurrency operative Gal Barak has been apprehended and awaits extradition to Austria
By Simona Weinglass
Illustrative image of a trading room floor. (Rawpixel, iStock Images)
December 29, 2018, 9:21 pm
Israel files first-ever indictment against alleged binary options operatives
Utrade Premium Services Ltd. owner Aviv Talmor and senior analyst Roy Cuzin accused of defrauding hundreds of Israeli investors out of tens of millions of shekels
By Simona Weinglass
Phone fraud (Illustrative image: iStock)
July 28, 2018, 2:37 am
Israeli police arrest 8 French-speakers for allegedly scamming French businesses
Working from an apartment in Ashdod, suspects alleged to call companies in France and charge them for ‘permits’ certifying they are accessible to the disabled
By ToI Staff
In this photo provided by the Philippine National Police, SAF (Special Action Force) members escort Israeli nationals following a raid at Clark Freeport Zone, Pampanga province, June 7, 2018, in Quezon city, northeast of Manila, Philippines. (Philippine National Police via AP)
June 12, 2018, 3:04 pm
Israelis nabbed in Philippines are tip of iceberg in alleged fraud gone global
As police raid Israeli-operated boiler rooms in Asia and Eastern Europe, local law enforcement has yet to indict a single operative from an industry that has stolen billions
By Simona Weinglass
Husam Jarushi, a reported mobster linked to suspected wrongdoing by Likud MK David Bitan, in court on December 4, 2017 (screen capture: Hadashot)
December 5, 2017, 4:38 pm
Meet the Jarushis, the crime family linked to Likud MK David Bitan
A member of the Ramle organization is at the center of an investigation into alleged bribes taken by the coalition whip
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
Nizar Alimi campaging for the Labor Party Primaries in December 2014 (Facebook)
September 28, 2017, 7:26 pm
Israel arrests forex company owner on charges of tax evasion
Nizar Alimi, 49, is a Labor Party bigwig who allegedly ran six online trading companies registered offshore
By ToI Staff
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