Tag: AccepTrade

In the vast Israeli online trading fraud case, the Bavarian Central Cybercrime Unit announced charges against a 47-year-old Israeli national implicated in the fraudulent investment platform GetFinancial. He allegedly worked for the group as head of the analysis department and the "Trading and Education Department", among other things. The GetFinancial case is closely linked to the family of cybercrime mastermind Gery Shalon.

The Public Prosecution Office in Bavaria, Germany, brought charges against the operators of fraudulent binary options platforms, including GetFinancial. Israeli nationals aged 34, 34, and 62 must answer in proceedings, the prosecutors informed. The GetFinancial scheme was launched in 2015 with a boiler room in Israel. Additional boiler rooms have been set up in Georgia, Moldova, and Armenia in subsequent years. Tens of thousands of victims in Germany and many more in other jurisdictions lost their money.

Israeli news platforms reported today that the appropriate Israeli court approved the extradition of four more arrested suspects in...

Israelis media reports confirm FinTelegrams reports regarding the German request regarding the Israeli lawyer David Bar-El. According to Posta, the International Department of the State Attorney's Office confirmed that David Bar-El, 37, a citizen of Israel and Georgia, is in the process of being deported to Germany for prosecution in the GetFinancial Case. The German prosecutor Mamkus Karmann leads the case. David Bar-El is the brother-in-law of cybercrime mastermind Gery Shalon.

Yes, it's true. The GetFinancial scam wasn't the biggest scam of the cybercrime organization that German, Austrian and Israeli law enforcement cracked down on this week. During a law enforcement day in Tel Aviv, 20 people were temporarily detained and questioned. Four individuals are reported to remain in custody and be extradited to Germany. In connection with this cybercrime organization, the name of Israeli lawyer David Bar-El is repeatedly mentioned. Another update with more names.

Simona Weinglass provided an update on the GetFinancial Case and the respective law enforcement actions in Israel, which have been initiated by German prosecutors. Allegedly, 15 people have been questioned by the police, four are said to be extradited to Germany. Court documents show that the cybercrime organization ran the scams GetFinancial, IntegraOption, SolidCFD, TradeSolid, BitCapitalMarkets, MyCoinbanking, Procapitalmarkets, Profitstrade, FXPace, Acceptrade, and Gainfintech using the platforms SpotOption and Tradologic.

In recent weeks, Paystruct (www.paystruct.com) has appeared more and more frequently as a payment processor in our analysis of scam brokers. Like many of the high-risk payment processors, Paystruct discloses very little information on its website. There is no indication of the legal entity and individuals behind it. Contact can be made by email or phone with a number in London. Also, there is no additional information on the merchant dashboard except that Paystruct is supposed to be the world's best closed-loop token payment system with payouts under 24 hours.

The UK regulator FCA issued an investor warning against the broker scam AccepTrade (www.acceptrade.com) on September 30, 2020. According to the information on the website, this scam is operated by an AccepTrade Ltd in Dominica. On the scam's website, an excellent TrustPilot rating of 4.5 stars is shown. However, this rating does not refer to AccepTrade, but to the domain service provider SAV.com which Emerge Media Inc operates.