Israeli Court Unseals Names of Suspected Forex Scammers Arrested
- The individuals are accused of running a fraudulent scheme from Israel, Moldova, Armenia and Georgia.
A Jerusalem court has unsealed the names of the alleged four people that were involved in Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term fraud and arrested during raids in October in Tel Aviv. According to The Times of Israel, Pavel Kotler, 47, of Holon; Yuri Dashevsky, 33, of Kfar Saba; Nimrod Blachman, 33, hometown unknown; and Chen Malka, 31, of Tel Aviv have been considered suspicious of running binary options, forex and cryptocurrency fraud that targeted German citizens.
That said, authorities from Germany are seeking their extradition to face criminal charges. The individuals were arrested in a raid pursued by the Israeli police on October 20 in a Call Center Call Center In general, a call center is defined as an office equipped with the technology and hardware to handle and process a large volume of incoming or outgoing phone calls. Call Centers today have expanded from simple telecommunication to all forms of communication, including online customer support and live chat features and the use of VOIP, including video calls. Initially, call centers were designed for selling or taking orders and for customer support. Call centers of yesterday were the precursor o In general, a call center is defined as an office equipped with the technology and hardware to handle and process a large volume of incoming or outgoing phone calls. Call Centers today have expanded from simple telecommunication to all forms of communication, including online customer support and live chat features and the use of VOIP, including video calls. Initially, call centers were designed for selling or taking orders and for customer support. Call centers of yesterday were the precursor o Read this Term located in Petah Tikva, with cooperation and assistance from the German and US authorities.
The four suspects’ lawyers initially requested the Jerusalem Magistrate’s Court to keep their names secret, but today, the order had been lifted. They are accused of allegedly operating the websites IntegraOption, SolidCFD, TradeSolid, BitCapitalMarkets, GetFinancial, ProCapitalMarkets, NordCapitalMarkets, ProfitsTrade, FXPace, AccepTrade and GainFinTech responsible for scamming German citizens from 2015 to 2019.
Law enforcement said that the scheme did not operate only from Israel but also from Georgia, Armenia and Moldova. The alleged scammers also created a bogus website that offered fake legal assistance to victims of their own scam under the brands ‘FXLaws’ and ‘Tradelegal’. Prosecutors from Bamberg, Germany stated that several Germans lost ‘millions of euros’.
Recent Police Operations against Forex Fraud
This is part of the recent massive operations pursued by the Israeli police against forex and binary options scams.
Early in October, in a joint operation, the Federal Bureau of Investigation (FBI) and the Israeli Police raided a Tel Aviv-based company. They arrested 26 Israelis for their suspected involvement in running organized financial fraud. Authorities said that they were suspected to be part of a fraudulent cryptocurrency investment scheme.
The bust was conducted after a joint investigation of the United States and Israeli authorities as the scheme targeted residents in the US. The American authorities led the investigation.
A Jerusalem court has unsealed the names of the alleged four people that were involved in Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term fraud and arrested during raids in October in Tel Aviv. According to The Times of Israel, Pavel Kotler, 47, of Holon; Yuri Dashevsky, 33, of Kfar Saba; Nimrod Blachman, 33, hometown unknown; and Chen Malka, 31, of Tel Aviv have been considered suspicious of running binary options, forex and cryptocurrency fraud that targeted German citizens.
That said, authorities from Germany are seeking their extradition to face criminal charges. The individuals were arrested in a raid pursued by the Israeli police on October 20 in a Call Center Call Center In general, a call center is defined as an office equipped with the technology and hardware to handle and process a large volume of incoming or outgoing phone calls. Call Centers today have expanded from simple telecommunication to all forms of communication, including online customer support and live chat features and the use of VOIP, including video calls. Initially, call centers were designed for selling or taking orders and for customer support. Call centers of yesterday were the precursor o In general, a call center is defined as an office equipped with the technology and hardware to handle and process a large volume of incoming or outgoing phone calls. Call Centers today have expanded from simple telecommunication to all forms of communication, including online customer support and live chat features and the use of VOIP, including video calls. Initially, call centers were designed for selling or taking orders and for customer support. Call centers of yesterday were the precursor o Read this Term located in Petah Tikva, with cooperation and assistance from the German and US authorities.
The four suspects’ lawyers initially requested the Jerusalem Magistrate’s Court to keep their names secret, but today, the order had been lifted. They are accused of allegedly operating the websites IntegraOption, SolidCFD, TradeSolid, BitCapitalMarkets, GetFinancial, ProCapitalMarkets, NordCapitalMarkets, ProfitsTrade, FXPace, AccepTrade and GainFinTech responsible for scamming German citizens from 2015 to 2019.
Law enforcement said that the scheme did not operate only from Israel but also from Georgia, Armenia and Moldova. The alleged scammers also created a bogus website that offered fake legal assistance to victims of their own scam under the brands ‘FXLaws’ and ‘Tradelegal’. Prosecutors from Bamberg, Germany stated that several Germans lost ‘millions of euros’.
Recent Police Operations against Forex Fraud
This is part of the recent massive operations pursued by the Israeli police against forex and binary options scams.
Early in October, in a joint operation, the Federal Bureau of Investigation (FBI) and the Israeli Police raided a Tel Aviv-based company. They arrested 26 Israelis for their suspected involvement in running organized financial fraud. Authorities said that they were suspected to be part of a fraudulent cryptocurrency investment scheme.
The bust was conducted after a joint investigation of the United States and Israeli authorities as the scheme targeted residents in the US. The American authorities led the investigation.