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Posts published in “Cybercrime”

PokerStars legend Isai Scheinberg finally surrenders to US authorities – how payment processors were held accountable for facilitating illegal gaming!

Binary options have been prohibited in almost all jurisdictions since 2018. The legal review of the illegal and fraudulent binary options is in many aspects reminiscent of the Black Friday campaign for online gambling in 2011, and it takes years to review the cases. Isai Scheinberg, the legendary founder of PokerStars and the main defendant in the Black Friday affair did not appear in court until February 21, 2020. A good opportunity for a brief comparative analysis between illegal binary options & gambling business and the legal responsibility of facilitating payment processors.

Investor Alert – Canadian Richmond Minerals and Austrian Silbermine

Toronto registered Richmond Minerals Inc. is a mining company listed on the Canadian TSX-V. The company is a micro-cap listed on the stock exchange and has a capitalization of just over CAD 3 million. Investors love to speculate with micro-cap stocks like Richmond. CEO of the company is the Austrian Franz Kozich-Koschitzky who has also gained a special reputation with other mining companies like Vendome and has collected a lot of investor money. The acquisition of 99 mining rights of the Austrian silver mine in exchange for 40 million shares in Richmond is a dubious deal for the shareholders.

Investor Alert – The WorldMarkets broker scheme may be operated by former Blue Trading perpetrators

We were informed that the perpetrators behind the Blue Trading Scam may be working with a new scheme. This is believed to be the Online-AI-Trading Broker WorldMarkets. Many victims of Blue Trading in our EFRI channel and in TrustPilot are convinced that these are the perpetrators' new clothes. Hence, we have taken a closer look and are warning investors against this scheme. Regardless of whether or not these are the same people who were behind the Blue Trading Scam. WorldMarkets is a dangerous scam in our view.

Yukom Scheme – The role of Shalom Peretz and why the BinaryOnline and Finarix scam broker sites are still online

In the US, the Yukom scheme is being prosecuted in court both by US prosecutors and by the regulator U.S Commodity and Futures Exchange Commission (CFTC). The former CEO of the Israeli binary options scheme Yukom, the Israeli Lee Elbaz, was sentenced in December 2019 for binary options fraud to 22 years in prison and a $28 million restitution payment. The two beneficial owners of the scheme, Yossi Herzog and Kobi Cohen, were also indicted by U.S. attorneys but remain at large. Their current whereabouts are unknown to FinTelegram. Currently, the role of the alleged Israeli co-conspirator Shalom Peretz and the scheme's Bulgarian activities are being questioned by the authorities.

The Rodeler & F1Markets Broker Networks and their environment

The Rodeler Limited was registered in Cyprus in 2012 and granted a license by CySEC under CIF No 207/13. The company used to operate the Forex brand 24option and several other brands. F1Markets Limited was founded in Cyprus in 2014 and obtained the CIF License No. 267/15 from CySEC in January 2015. FinTelegram has circumstantial evidence that while the two groups of companies, Rodeler and F1Markets operate separately they are jointly managed and/or have joint beneficial owners.

Ⓒ FinTelegram News operated by Next Generation Media Group DOO (Belgrade)