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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
Illustrative image of a trading room floor. (Rawpixel, iStock Images)
July 17, 2017, 9:13 am
At least 12 under criminal investigation for binary options, forex fraud
Son of ex-senior cop and former mentor to at-risk youth among those suspected of defrauding Israelis and money laundering
By Simona Weinglass
Prime Minister Benjamin Netanyahu (R) and Finance Minister Moshe Kahlon attend the weekly cabinet meeting at the Prime Minister's Office in Jerusalem on January 22, 2017. (Alex Kolomoisky/Pool)
June 17, 2017, 9:51 pm
After months of delay, Israeli cabinet to vote Sunday on law to ban binary options
In unusual move, Kahlon to present legislation directly to cabinet. Anticipating closure of multi-billion dollar, widely fraudulent industry, some firms moving overseas
By Simona Weinglass
Illustrative: A board showing stock fluctuations at the Tel Aviv stock exchange (Moshe Shai/FLASH90)
October 11, 2016, 4:34 pm
Judgment Day inches closer for Israeli binary options firms
Handful of founders and employees arrested on suspicion of tax evasion, for holding vast sums of black money in offshore accounts; tax authority expects more arrests
By Simona Weinglass and Raoul Wootliff
The City Hall and the center of the old town in Brussels, Belgium on December 9, 2005. (Jean-Pol GRANDMONT, CC-BY Wikimedia commons)
August 13, 2016, 6:14 pm
In European first, Belgium bans binary options
Outlawing entire industry, along with leveraged forex and CFDs, Brussels warns that products ‘are marketed aggressively, are extremely risky’ and often have ‘no connection to the real economy’
By Simona Weinglass
Bucharest, Romania. (CC-BY-SA Mihai Petre/Wikimedia Commons)
July 2, 2016, 8:40 pm
Romanian police reveal Israel links to illegal binary options firms
Money trail from recent raids across Romania leads to Cyprus, Bulgaria and Israel, Times of Israel told. At least ten detainees facing trial
By Simona Weinglass
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
People watch a board showing stock fluctuations at the Tel Aviv stock exchange. (photo credit: Moshe Shai/FLASH90)
June 1, 2016, 6:20 am
Israel-linked investment pros plead with gov’t to shut down binary options
Horrified by vast ongoing scam, leaders of legit financial community urge Israeli authorities to act ‘before it’s too late’
By Simona Weinglass
When French-Israeli lawyer Deborah Abitbol filed suit on behalf of French victims, it set off a French criminal investigation (Courtesy)
May 18, 2016, 11:45 am
As Israel turns blind eye to vast binary options fraud, French investigators step in
Tens of thousands of French victims have lost some 4 billion euros to online investment scams in the past six years. Much of the cynical theft originates — and is still flourishing — in Israel
By Simona Weinglass and charlotte guimbert
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