The US Securities and Exchange Commission (SEC) and the U.S. Commodities and Futures Trading Commission (CFTC) charged the perpetrators behind the All In Publishing (AIP)…
Posts published in “Cybercrime”
The investigations of the various EU Law Enforcement Agencies into what is probably the largest European-Israeli cybercrime organization around the German Uwe Lenhoff and his…
In the sentencing, the US Judge Theodore D. Chuang says Lee Elbaz, the former CEO of the Israeli binary options scam operator Yukom Communications Ltd, was responsible for the targeting of elderly, vulnerable victims in the $140 million fraud. Yukom operated the boiler rooms behind the binary options scheme BinaryBook and BigOption. Elbaz, in turn, pointed her finger at her former principals, the Israeli Yossi Herzog and Kobi Cohen. Elbaz's defense line worked at least to a certain degree. She wasn't gieven the 34-year prison term the prosecutor asked the court for.
The boiler rooms in Belgrade are still active. Officially, they call themselves call centers, business process outsourcing (BPO) or marketing companies. Essentially, they are illegal…
Finally, it happened! Tens of thousands of scam victims in the EU have been waiting for this for months. EFRI has sent petitions to the…
Millions of victims worldwide have lost scams up to $50 billion between 2012 and 2018 with binary options according to estimates by the authorities. Currently,…
In January 2019 the German Uwe Lenhoff was arrested. After months of investigations by the authorities in Austria, Germany, and other EU countries, the authorities…
FinTelegram has received information that lawyers in Tel Aviv, Israel, and Belgrade, Serbia, on behalf of EU victims of various scams such as Option888, KayaFX,…
Mid-November European Central Bank withdrew the bank license of the Vienna-based Anglo Austrian Bank (previously “Meinl Bank“). The Austrian Financial Market Authority (FMAI) stated it…
The listed German Fintech WireCard is being shaken by a crisis that has lasted for months. The situation was triggered by reports in the Financial Times…