Foreigners File Slew Of Lawsuits Against Alleged Israeli Investment Scammers

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In addition to the call center Yukom Communications, the couple sued Yossi Herzog, the company’s owner; Lee Elbaz, its CEO; Kobi Cohen, another owner; Ronen Roitman; Relly Tito; Afik Tori; Guy Harel; David Shir; and Eden Haviv. In one notable lawsuit, a man from Australia named Andrew alleges that he was defrauded out of over $1 million. The defendants are Idan Gabay, Iris Gabay, Elad Raz and Yonit Raz, and the Israeli companies Miriam Finance, Netz View, Dror 1, Elegance Marketing, Gili Ben Mocha, Israel Miriam Holdings, and Shirion Procurement and Business Assistance. Mor, the Israel-based defendant in the case, said that neither he nor his company Pay Trade ever had any contact with the plaintiff. In 2018 and perhaps earlier, Avshalom supervised two call centers in the Philippines known as BSD Trading Service Corp. and GWU Marketing Corporation, according to a source who spoke to The Times of Israel on condition of anonymity. BSD Trading Service Corp made phone calls on behalf of, the source said.

The company provides services to, among others, GGO which operates a cryptocurrency trading platform under the brand Cryptotag,” stated the complaint. Rinaldi told him he worked as a broker at, based in London, and allegedly said if he opened an online trading account he could see returns of 5 percent a month. A new spate of lawsuits suggests that despite legislation and prosecutions by foreign governments, alleged investment fraud remains a lucrative business in Israel, with local law enforcement doing little to crack down on suspected online scammers. Because many people now dial in from home, attaining work-life balance has become trickier than ever. While we may have gained extra hours by cutting the commute, those hours are more likely to accrue to our employers than to leisure.

The ads further proclaimed that Chinese businessman Jack Ma, the founder of Alibaba and one of the richest men in the world, was a client of Infinitrade. LimeFX is an online trading broker owned by Notesco Limited and located at 2, Iapetou Street, Agios Athanasios, 4101 Limassol, Cyprus. The minimum deposit is $100, and the company is offering a welcome bonus – doubling clients’ initial deposit. limefx broker reviews Accepted payment methods are not very transparent on the company’s website, since you need to open an account to see methods available in your country. We find it a bit uncomfortable, like pressuring a client to register to get basic information. Another thing we found is that this broker has another clone company in Cyprus, FXLift, registered under the same company Notesco Ltd.

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Eliran Oved was convicted and sentenced to a year in prison in 2012 for running an illegal gambling website and money laundering. The defendants in the lawsuit are Eliran Oved, Liat Oved, Haim Tal Mizrahi, Shai Berl Dov Shatsberg and Tomer Raz as well as the companies Linkin Media Ltd., E.A.D. Media International Links, and Refael B.M. Ltd. Yaffe said that his relationship with Cryptotag eventually led HSBC to freeze his bank account, including $100,000 of his own money. In their answer to the complaint, Idan and Iris Gabay completely denied that they or their companies own

He did acknowledge, however, that his company provided services to Lau Global Services Corp. of Belize and Exo Capital Markets of the Marshall Islands, companies that owned two other sites, and respectively. “Ilya warned him that Random Technology had no intention of returning his money, and said that the money only appeared to be in his account, describing it as ‘virtual money,’” the complaint alleged. “On June 5, 2019, the plaintiff tried to withdraw an additional $50,000 from his account. The plaintiff received a message confirming that the money had been transferred, but in contrast to previous times, the money never arrived,” the complaint alleged. A recording posted online appears to include an Infinitrade representative speaking to a chatbot named Lenny, referencing ads that claim that billionaires Bill Gates and Richard Branson are clients.

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If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means that they are unregulated and should be avoided. Even if the brokerage is regulated, it is best to avoid it if the regulator happens to be outside your jurisdiction. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. This broker is safe for all the areas where it’s operating under the license.

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Harmony, not balance, is the new goal, and we can show you how to make it happen. In this edition we also learn about offshore investment red flags, how Bitcoin is breaking records, and why your pineapples may be worth more than you think. Market Maker – This is the well-known middle broker, which takes the risk by acquiring a particular currency. Once they do it, the try to off load it at a price that is profitable enough. There are small fees for getting in such a broker, but not all the time. When brokers disappear, they usually provide warning signs ahead of time.

This Women’s Month, we have created a visual representation of the daily existence of the women in SA, captured through their reflections. We are commissioning visual artists to capture these stories, real, unfiltered expressions of the voiceless. Founder and CEO of Moja Chicken, Letlhogonolo “Tloks” Motseeng, speaks to Producer and Broadcast Journalist, Rofhiwa Madzena, about idea generation and validation, entering and staying in the market, managing a business and the importance of a good business name.

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By putting together a compelling chargeback strategy from beginning to end, victims of online fraud have a relatively high probability of recovering some of all of their funds lost. The team at MyChargeBack – a specialist group dedicated to helping consumers recover funds lost online – is available 24/7 and has helped consumers all over the world recoup millions of dollars. Constant vigilance should be applied at all times when sending money online. Once the brokerage believes that they have extracted all available funds from an investor and his/her network, they will then proceed to suspend the account, and the investor will no longer be able to access the funds put in. When searching for brokers to conduct your trading activities with, the first and most important step should always be to learn about their certification.

  • “Since the perpetrators of the scam use fake names and lie about their location, most of the victims don’t know whom to sue,” he said, “or even in which country they need to search for an attorney who can help them.
  • “Plaintiff 1 Miriam Finance Ltd., is a company that gives telemarketing lessons and courses and provides services to various companies.
  • All of our detailed reviews will be strictly devoted only to Forex websites, which really worth it to be visited.

Cash may be a casualty, but the concept of money won’t disappear into the digital void along with paper notes. Also in this edition, we learn about how 3D printing could change the future of orthopedic implants, why Bitcoin is currently under scrutiny in SA, and how quarantine baking proved some of the world’s top sugar traders wrong. Don’t be fooled by a broker that allows you to make some money in the first few weeks. When brokers intend to disappear, they will allow the trader to believe they are making money only to disappear with it and everything the trader invested later on. The number of scams such as faulty broker login and disappearing brokers is increasing each year. However, days and even weeks go by and the Coinlite.Io login still does not allow access to your account.

She further claimed that Mireli did not hold a position at any of the companies mentioned in the complaint. One of the most prevalent online trading scams is to initially display profitable trades that give the investor a false sense of confidence, and get them hooked to the idea of ‘easy money’. Once this confidence is established, the investor will be marketed the idea of investing more money to earn greater returns. Additionally, other incentives may also be provided to encourage the investor to get their friends and family onboard the platform too.

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After conducting some research on various social media platforms , as well as online trading forums, a general theme emerged where users were dissatisfied with their experience with LimeFX. Based on this user feedback, it appears that LimeFX is not a trustworthy broker, and hence, extreme caution should be applied before investing through their brokerage platform. Perfect Customer eur usd Support – look for a broker that provides great and full customer support services. The best Forex broker usually has 24/7 customer support and at multiple languages. Also, make sure that most of the communication methods are available, too – live chat, e-mail, online forms and phone calls. Make sure to check if the Coinlite.Io platform is legitimate and does not have bad reviews.

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In this episode, they discuss the various financing agreements that are available and what would fit your needs. In part 3 of the Walletwise ‘Borrowing for Your Needs’ podcast series Standard Bank’s Mothusi Dire and Pumeza Yako discuss the importance of ensuring that a financed account is properly maintained and the steps one should follow when nearing the end of the contract term. Founder and CEO of SweepSouth, Aisha Pandor, shares her views with Producer and Broadcast Journalist, Rofhiwa Madzena, on how to determine price when entering the market.

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In a lawsuit against a now-defunct binary options call center, a woman from Singapore named Sharmaine has sued Rushmore Marketing and its owner Jonathan Siennicki. However, they argued, the call centers did not sign a contract with end-users and therefore the end-users had not been customers of the Israeli service providers. They further claimed that Linkin Media never provided call center services for Brighter Trade, Bitxplace and GFC Investments and that the company had stopped providing call center services altogether on December 31, 2017. In fact, the defendants said, Linkin Media is no longer an active company. The plaintiffs claimed to have been defrauded through the websites PlusOption, Greenfields Capital, Brighter Trade, Bitxplace and GFC Investments.

Cfd Scams

He visited the company’s registered offices at Tarshish 19 in Caesarea but was told that the company was no longer there. On March 20, 2020, he went to Yossi Herzog’s address as it appears in the Population Registry but could find no one there. He also tried to serve the complaint to Herzog’s ex-wife and children, at their separate home, to no avail. “The proceeding known as administrative civil charges was initiated against David Cartu as well as against numerous companies out of a suspicion that they breached regulations that are part of US law. This is not a criminal proceeding at all,” the defendants’ lawyer wrote.

If the platform has bad reviews, this is a definite red flag that the Coinlite.Io platform may have a general trend of allowing scam brokers. The practice of brokers disappearing and Coinlite.Io login problems have been happening for many years, and with the increase in financial fraud, it is becoming more common. This sounds like a scenario in a horror movie, but unfortunately, it occurs often. If the Coinlite.Io login is unavailable, that may not be a definite sign of a scam. All websites experience technical problems now and again, but if the site provides no solution to logging in, that is a good indication that you have been the target of a scam. An earlier draft of the law had also targeted unregulated forex and CFD companies operating from Israel, and would have required them to obtain a specific license to operate in any country where they have customers.

Last, but not least, we will put all the benefits a Forex broker offers. Ina, represented by attorney Nir Fridman, claims to have lost money to the site starting in April 2017. The lawsuit alleges that the defendants operated the site as well as the sites and When the binary options industry was outlawed by the Knesset in October 2017 for being irredeemably fraudulent, some of the individuals involved began selling foreign exchange bets, contracts for difference , and cryptocurrency investments. Israeli law enforcement has indicted almost no online fraudsters, despite the fact that the industry employed thousands of people and allegedly stole billions of dollars. Want to read as many Forex broker reviews as you can to get updated with the latest additions in the top Forex broker list?

In August 2020, three residents of Australia, aged 66, 70 and 80, sued 11 Israeli plaintiffs for alleged fraud in connection with the website The report quotes the same employee saying that the online trading industry has done particularly well during the coronavirus pandemic. The brokers then allegedly encouraged him to deposit stock market an additional 200,000 euros. While Schwartz has almost no online footprint, the backstory of Jorge Aitor Azpiazu Cigaran, the company’s director, is described in several articles in Spanish-language media. “The plaintiff, who was an established businessman in Hong Kong, lost his money, his house and his business as a result of a fraud.

we Only Provided Services Case 21679

Before reading the review, you should familiarize yourself with the phenomenon of brokers disappearing and broker login problems, understand why and how it happens, how to avoid it, and what to do about it. A case that was recently settled involves a woman from Holland named Hannie who claimed she had been defrauded while trading on a website called in 2017 and 2018. In June 2020, Hannie, who is in her 70s, sued Israeli company Eventus Consulting and Media, as well as its owner Chaim Elazar Bornstein, seeking NIS 244,292 ($73,852). The complaint, filed by attorney Ofir Blatman, names the Israeli company Paperclick Marketing, currently in liquidation, its owner Roy Shagan, and alleged salespeople Leah Aharon and Tommy Dotan Agami as the defendants. The complaint alleged that the Cryptotag website, ostensibly a cryptocurrency exchange, was a mere simulation and that investors never actually traded on any kind of real-world markets. The plaintiff deposited a small amount, followed by three deposits of 50,000 euros each.

“In the beginning I trusted Idan Gabai, who explained to me about his business and presented it as a real and genuine crypto trading platform that would benefit his clients,” Yaffe said in his affidavit. The complaint described the three Australian plaintiffs as “simple people” without much knowledge of capital markets or computers. According to a Paradise Papers leak, Lau Global Services Corp. owns a Maltese company called Grizzly Limited that owned at the time of the alleged fraud, according to the fine print at the bottom of the Tradingbanks website.

Welcome to the first edition of The Weekly Shyft, the regular news digest for global citizens based in South Africa. In this episode, we’re talking to Arno von Helden, head of FX solutions at Standard Bank, about getting schooled by 2020. Also, we discover more about a young billionaire’s self-driving car company, hydrogen-powered trains, and a new feature of the award-winning forex app, Shyft. Finally, feast your ears on conversation starters such as how many times you can fold a dollar bill, a surprising erstwhile Olympic event, and what prompted Jeff Bezos to found his online bookstore back in 1994.

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