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Tag: fraud

OneCoin now owned by “poor boy” from Sofia – media

Jan 24 2018 14:01:54 Jonathan Smith in Market

The companies behind the OneCoin MLM ponzi scheme have been transferred to Kristian Manolov from one of the less affluent suburbs of Bulgaria’s capital Sofia, reports the local daily 24 Chasa. Read more

Amid police crackdown, OneCoin denies money laundering, organized crime charges

Jan 23 2018 10:24:37 Jonathan Smith in Market

 OneCoin, the MLM cryptocurrency ponzi scheme, denied the charges of money laundering, organized criminal activities and fraud, under which the Bulgarian specialized prosecution and police conducted searches, questionings and confiscations last week. Read more

UK’s FCA to regulate binary options brokers from 2018

Nov 15 2017 08:06:00 Jonathan Smith in Market

 UK’s Financial Conduct Authority (FCA), which is in charge of the financial markets and financial services providers in the country, including forex and CFD brokers, announced that from January 3, 2018 it is taking over the regulation of the binary options brokers, as well. Read more

London police raids binary options brokers, as client losses mount

Oct 20 2017 08:30:19 Jonathan Smith in Market

 The City of London Police, along with representatives of the Financial Conduct Authority and the HM Revenue & Customs (HMRC) have “visited” the offices of 20 binary options brokerages in the City this Tuesday, the police said. Read more

FBI arrests owner of Bigoption, Binarybook brokers, charges carry up to 40 years in jail

Sep 25 2017 10:28:44 Jonathan Smith in Market

 FBI agents have arrested Lee Elbaz, 36, the CEO of Yukom Communications Ltd., owner of the two binary options brands Bigoption, Binarybook, reports The Times of Israel. Read more

Recovery room scams – the ugly spawn of binary options fraud

Aug 08 2017 13:38:33 Jonathan Smith in Market

 It is no secret that more often than not the binary options brokers, particularly the unregulated ones, are a scam and exist with the sole purpose of defrauding thousands of unsuspecting clients out of millions. Read more

Israel top cop admits organized crime behind binary options, Knesset to pass bill next week

Aug 08 2017 07:54:57 Jonathan Smith in Market

 Israeli crime syndicates have been profiting from the binary options scams, Gabi Biton, a police Superintendent investigating financial fraud and money laundering told a Knesset panel, quoted by The Times of Israel. Read more

FBI: Losses from binary options fraud run into the millions

Mar 14 2017 13:02:11 Jonathan Smith in Market

 It seems that the regulators and law enforcement agencies across the world are finally becoming aware of the risks of trading in binary options. Read more

Singapore's regulator warns of dangers of unregulated binary options brokers

Mar 14 2017 11:56:36 Jonathan Smith in Market

Singapore's financial services regulator, the Monetary Authority of Singapore (MAS) has published an advisory warning the investors of the dangers of trading with unregulated binary options brokers and platforms. Read more

FCA survey: Over 55s have lost £32 000 on average to investment scam

Mar 02 2017 14:46:49 Jonathan Smith in Market

UK's senior citizens, or the people above 55 years of age, to be more precise, have lost an average of £32,000 in 2016 to various financial investment scams, shows a survey of UK's Financial Conduct Authority, published as part of its Scam Smart campaign. Read more

European regulators grill ISA over binary options fraud

Feb 06 2017 13:49:55 Jonathan Smith in Market

Representatives of some of the European financial markets regulators have asked their Israeli counterpart to explain what measures it is taking to tackle the largely fraudulent binary options industry that is operating mainly out of Israel. Read more

Forex Scam: Swiss and UK regulators warn against iStock Capital, Trademaker, and a clone of City Equities

Sep 01 2014 09:50:51 in Market

Swiss Financial Market Supervisory Authority issues a warning against iStock Capital (istockcapital.com) and Trademaker (trademaker.com). The UK Financial Conduct Authority on its turn warns against a clone company City Equities Ltd (cityeq.com). Read more

Forex Scam: FCA warns against amt-markets.co.uk

Aug 21 2014 12:13:47 in Market

A Chinese forex scam company is a clone of the FCA registered Amalgamated Metal Trading Limited the regulator warns.   Every well respected fraudster wants to be FCA regulated these days. Read more

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