German Regulator Proposes Permanent Prohibition Amid Growing Fraud Concerns Investor complaints related to binary options fraud have surged across Germany in recent years. Unlicensed firms such…
Regulatory Crackdown: Binary Options Market Shut Down in the UK According to a report from the Financial Times, the UK Financial Conduct Authority (FCA) has officially…
High-Profile Case Opens in Vienna Court The trial of Israeli national Gal Barak, accused of running a network of online trading platforms allegedly used to defraud…
Background: Origins of Payvision Rudolf Booker, an Amsterdam-based entrepreneur, founded the payment service provider Payvision in 2002. The company operated steadily until around 2015, when it…
Background and Legal Findings The Czech-registered company Xtrabit s.r.o., associated with Russian-born Australian citizen Vladislav “Vlad” Kogan, has been legally implicated in connection with unauthorized payment…
Background: Deconstructing a Fraudulent Ecosystem With the shutdown of the binary options platform SafeMarkets, attention is shifting toward examining the wider infrastructure behind it. SafeMarkets is…
Background: Prosecution of Lee Elbaz In 2017, U.S. federal authorities detained Israeli national Lee Elbaz for her alleged involvement in a binary options fraud scheme. By…
Role of PSPs in Broker Fraud Ecosystems Fraudulent online trading platforms would not have been able to flourish without the collaboration of certain payment service providers…
Overview: Tracing the Financial Facilitators of Investment Scams Scam-Or Project recently initiated a campaign aimed at identifying unregulated and unauthorized payment service providers (PSPs) involved in…
U.S. Federal Charges Target Illicit Crypto-Linked Financial Activities The U.S. Attorney for the Southern District of New York, in collaboration with the Federal Bureau of Investigation…
