In a bombshell speech, a senior Israel Police officer told a Knesset panel on Wednesday that Israeli crime kingpins are behind the binary options industry and that organized crime in the country has been massively enriched and strengthened as a result of law enforcement’s failure for many years to grasp the vastness of the problem.
The US Commodity Futures Trading Commission announced a civil complaint this month against Israeli-American binary options operator Jason B. Scharf, alleging that he and the companies he controls have swindled more than $16 million from at least 8,000 victims, most of them located in the United States.
“Glosbe” has been inundated by a stream of complaints and news of lawsuits by foreign citizens claiming to have been deceived by Israeli binary options companies.
At least 12 binary options company owners and employees are under police investigation or have been referred to the state prosecutor with a recommendation for indictment.
One year after the Israel Securities Authority banned trading in binary options for Israeli customers, the cabinet today approved, followed by the Ministerial Legislative Committee, the bill proposed by Minister of Finance Moshe Kahlon extending the ban to overseas customers.
The son of an elderly American man with Alzheimer’s disease approached The after he learned his father had lost tens of thousands of dollars to an Israeli binary options company.
A US government watchdog has added the names of 71 companies to its “red list” of firms that solicit American investors without a license.
Stock options. It’s a pretty common investment term meaning, in general, that one party sells or offers to another party the opportunity to invest by buying a particular stock at an agreed upon price within a certain period of time.