Cyprus boiler rooms in Belgrade I – Notorious Armin Ordodary and his Bizserve
Belgrade was the center of the Israeli boiler rooms behind the gigantic binary options scam industry. Belgrade was literally flooded with money from the Israelis. They called it the Manhatten on the Balkans. Boiler rooms offered attractive jobs to well-educated young Belgraders. After the binary options ban in 2018 and the arrest of Israeli Gal Barak, it looked like the boiler rooms would lose importance in Belgrade. Wrong thought. Notorious boiler room operators like the Cyprus resident Armin Ordodary are still active as are boiler rooms of CySEC-regulated investment firms such as ForTrade.