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ISRAEL AT WAR - DAY 472

The wolves of Tel Aviv

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
The Canadian parliament building in Ottawa, Canada (MarcBruxelle/iStock)
October 1, 2017, 1:54 pm
Canada passes complete binary options ban, urges Israel to follow suit
Despite Canadian efforts to curb the industry as well as a proposed Israeli law to outlaw it, the number of complaints of binary options fraud in Canada has not dropped
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
SecuredOptions (Screen Shot)
May 16, 2017, 3:20 pm
Tel Aviv binary options boss nabbed for fraud, extortion; company raided, computers confiscated
After months-long undercover probe, police arrest Eliran Saada on suspicion of fleecing overseas victim out of more than $500,000
By Simona Weinglass and ToI Staff
Illustrative photo: (flik47 / iStock photo / Getty Images)
November 7, 2016, 11:18 am
Israel readies legislation to ban entire binary options industry
Chief regulator Shmuel Hauser says work underway on new law; entire enforcement ‘arsenal’ now on board to shut down vast fraudulent industry fleecing victims worldwide
By Simona Weinglass and David Horovitz
Free drinks at a party held for binary options executives in the Clara club, Tel Aviv, August 12, 2016. (Raoul Wootliff/Times of Israel)
August 12, 2016, 1:50 pm
Though fearing closure, the Wolves of Tel Aviv enjoy the party ‘while it lasts’
Israel’s binary options executives are worried that regulators could shut down their industry, but in the meantime, there’s money to be made and drinks to be downed
By Raoul Wootliff
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
A Facebook ad for an Israel-based binary options firm posted April 19, 2016 (Screenshot)
July 25, 2016, 10:49 am
שלוש-עשרה אמיתות מזעזעות על תרמית האופציות הבינאריות הפועלת מישראל
דעה: ישראל מתעוררת לאט מדי אל מול תעשייה עבריינית של גניבה מאנשים בכל רחבי העולם. התרמית מתגלגלת ככדור שלג כבר כעשור, ובכל יום שעובר נהרסים חייהם של אנשים נוספים
By דיוויד הורוויץ
Illustrative: Jabotinsky Street in Ramat Gan is home to many binary options firms (Times of Israel)
July 21, 2016, 2:19 pm
Manitoba man who lost $65,000 to binary options firm: ‘How can they sleep at night?’
Canadian regulator issues warning against Israel-based binary options firm Plustocks. The Times of Israel speaks to one of its alleged victims
By Simona Weinglass
Tel Aviv's Electra Building is home to multiple binary options firms (Lior4040 / Wikipedia)
July 21, 2016, 2:19 pm
Follow the money: How one defrauded binary options ‘investor’ got his cash back
Fraudulent binary options firms are fleecing vast numbers of victims worldwide. Most never recover their money. Here’s how a persistent engineer from Singapore achieved the near-impossible
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
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
Illustrative: People watch a board showing price fluctuations at the Tel Aviv stock exchange. (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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