Israel Bans Binaries!

AsstModerator

FPA Forums and Reviews Admin
Messages
5,603
Israel Bans Binaries!

I am pleased to announce that the Israeli Knesset voted on Monday to ban binary options. The companies have 3 months to shut down or face jail time.

This has been a long time coming. It has been 19 months since Simona Weinglass ran her groundbreaking Wolves of Tel Aviv article in the Times of Israel. Now she's just published about the end of binaries in Israel.

I've been keeping the champagne chilled for so long. I think it's time to pop the cork and let the party begin.


Simona's new article: Israel bans binary options industry, finally closing vast, 10-year fraud

Simona's first article about binaries: The wolves of Tel Aviv: Israel’s vast, amoral binary options scam exposed

Pharaoh's article about Simona: Binary Wolf Hunter and Hero - A tribute to Simona Weinglass


Special thanks to FPA Member Mbreitfelder for letting me know.
 

richard56

Recruit
Messages
23
Thanks a lot. very good news.
I just wanna suggest to shorten the time limit of 3 months to 1 week to shut down or face jail :)
The fight was worth it.
 

Pharaoh

Colonel
Messages
19,964
They'll scurry off and hide in other countries, but this ends their secure base in Israel. The FBI caught a big one recently and others will be going to prison soon enough.

19 months in Israel. Even longer here at the FPA. Sometime, you've gotta fight for your right to PAAARTY!!!!


Someone help me unload these crates of champagne.


And let the celebration begin.

 

Tryingtrader

Sergeant
Messages
182
Party by all means! I always enjoy a good party, however, this is not the end of these scamming bandits, not by a long way. All they have to do is change the name, alter slightly how it operates and BINGO! they are back in business. This ruling just prevents these scumbags from operating out of Israel, but they are already established elsewhere. They have started CFD brokerages, and advertised as such, which are identical to the Binary Option scam. The real problem is some people will always be looking for a way to make quick easy money, (and believe anything they are told) without actually understanding whats happening, and these bandits will be there ready and waiting to oblige with the illusion that it is possible. I was conned, scammed by this same illusion - wiser now but still smarting from the experience. More people will be sucked into various clones of this scam, designed to be just believable, but they will still steal your money!!
 

Coldfear

Recruit
Messages
152
I wouldn't pop the champagne cork just yet, it seem from reading this story they will still be able to operate in different countries and just change how they advertise themselves under different layers of false company identity's https://financefeeds.com/israels-long-awaited-ban-binary-options-absolute-hogwash-smacks-corruption/
Austin Smith of Wealthy recovery international got intention to follow them . He already knows they will move to different countries
 
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