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Retail FX

International Scamming Network: Israel Awaits German Extradition Request

Europol with cooperation of Israeli police made some 'high-value' arrests last month.
The schemes defrauded at least 33,000 victims, many of them from Germany

Thursday, 04/05/2023 | 16:04 GMT by Arnab Shome

Binary Options

US Operator of Binary Option Brands Fined $516K for $10M Scam

In January, Jared Davis and his firm were fined $6.4M in various penalties.
The binary options operator was charged by the CFTC in September 2019.

Friday, 28/04/2023 | 21:09 GMT by Solomon Oladipupo

Retail FX

European Authorities Arrest 5 in €89M Online Investment Fraud Case

Germany, Bulgaria, Romania, Georgia and Israel investigated the case alongside Europol.
Previously, authorities took down the criminal ring in 2021.

Tuesday, 25/04/2023 | 18:50 GMT by Solomon Oladipupo

Binary Options

Israel Seeks to Extradite 6 Citizens to US over $145M Binary Options Fraud

The six citizens were arrested on Tuesday, local Israeli daily reports.
Lee Elbaz, the former CEO behind the scheme, was sentenced to 22 years imprisonment in 2019.

Wednesday, 11/01/2023 | 20:47 GMT by Solomon Oladipupo

Binary Options

UK FCA Charges Four Individuals with £1.2M Binary Options Fraud

The regulator charged a fifth person for tampering with its investigation.
Binary options among retail investors has been banned in the UK since 2019.

Tuesday, 01/11/2022 | 13:46 GMT by Solomon Oladipupo

Binary Options

SpotFN Operator Pleads Guilty to $2.9 Million Binary Options Fraud

David Butler, 52, was arrested in April and extradited from Costa Rica in July.
Butler and his co-conspirators used computer software to manipulate binary options data.

Wednesday, 31/08/2022 | 21:07 GMT by Solomon Oladipupo

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