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Former binary options payment company Bruc Bund arrives in Singapore to conquer the Asian markets

The good news: the era of fraudulent binary options is over. At least the ongoing defrauding of retail investors. At the moment, the sequel is being performed by prosecutors and regulators before the courts in jurisdictions across the world. The sad fact is that the binary options scams have been used to steal tens of billions of retail investors worldwide, according to U.S. FBI estimates. Many perpetrators, their companies and facilitators got rich especially in the years of the binary options hype between 2014 and 2017. Most of the involved payment services providers have successfully evolved into new fields and eagerly try to cut the ties with their binary options legacy. One of them is Israeli-Lithuanian fintech Bruc Bond known as Moneta International in the binary options era.

Bruc Bond-turned Moneta International

On December 11, 2019, Bruc Bond UAB of the Israelis Eyal Nachum and Tamir Zoltovski, registered and licensed in Lithuania, announced that it now also has a branch office in Singapore. During the binary options era, Bruc Bond used to operate under the previous name Moneta International UAB as a payment service provider for binary options schemes. In addition, Eyal Nachum and Tamir Zoltovski also served binary options schemes via their PayObin platform. Finally, they also provided payment services via the Balkans. Hermes Solution Podgorica DOO, co-owned by SeeddPay Ltd and registered in Montenegro, acted as a payment services provider for those schemes (Source: OpenCorporates).

This was then and now is now. The future evidently looks exciting for Nachum and Zoltovski. They expand their financial services group to Asia. Just recently, the opening of the Singapore office of Bruc Bund in the heart of the thriving financial district was announced.

With more than 7,000 multi-nationals and over 10,000 SMEs based in the city alongside the 320,000 local registered companies, the global fintech firm identified Singapore as the right area to expand to.

Bruc Bond press release published on Dec 11, 2019

Strengthened by the revenues generated by their binary options merchants of the time – including the Israeli mastermind Guy Galboiz – the company now wants to focus on Singapore and the Asian region. Krishna Subramanyan was appointed CEO of Bruc Bond Pte. Ltd and Tarini Ponniah has taken on the role of Chief Compliance Officer.

Krishna Subramanyan (left) and Tarini Ponniah will lead Bruc Bond Pte. Ltd in Singapore

Our aim at Bruc Bond is to attract and retain the best international talent from all backgrounds and industries. First and foremost, we believe in our intuition, and always measure people by their personality and attitude before even looking at their CV and career background. Krishna and Tarini bring an extraordinary combination of character, talent and ability to the business. We are delighted to welcome them to our growing team.

Eyal Nachum, co-founder and executive Bruc Bond UAB (Source: Bruc Bond website)

International Fintech

Nachum and Zoltovski have built up an extensive group of financial service providers in the years between 2013 and 2019. In Lithuania, the two have set up several licensed financial service providers. In addition to Bruc Bond UAB (www.brucbond.com), International Fintech UAB (www.international-fintech.com) was established as a licensed financial services provider and Caspero UAB (www.caspero.com). The latter is managed as an authorized agent of International Fintech UAB. The Lithuanian Igor Kaparis (LinkedIn profile) is recorded as a manager with International FinTech and Caspero.

Without a doubt, Eyal Nachum and Tamir Zoltovski are among the most aggressive, successful and flexible players in Moneyland.

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