Tag: Austin Smith

Investview, registered in Nevada, is a OTCQB-listed and SEC-registered FinTech and crypto company that distributes its various online trading and crypto products via its MLM structure with changing names and legal entities. Currently, iGenius is the MLM scheme responsible for distribution. On social media, iGenius is called a pyramid or Ponzi scheme. Financial regulators have warned against it. Following our review, we have placed the Investview Group on our black compliance list.

Israeli fintech pundits also invented binary options industry. Big players like SpotOption, PandaTS, or Tradologic had thousands of binary options schemes running on their platforms as white-label clients. Binary options turned out to be ultimately a gigantic fraud industry. Conveniently, fund recovery companies have also emerged in Israel, often run by former scammers. Schemes like Europe Refund or MyQuickRefund run massive Google Ad campaigns to acquire scam victims and sell their expensive services.

Broker scams are like icebergs. You can see only the tip sticking out of the water, i.e., domain, website, offshore entities, and nominees a/k/a monkeys. Underwater or in the darkness of the Internet, the real perpetrators and facilitators are hiding. These scam-facilitators are white label providers, the boiler room operators, marketing and affiliate systems, and the payment processors. In the case of the Yukom scam, these were the boiler rooms in Israel and Mauritius, mostly Israeli payment processors, and the white-label operator SpotOption, which provided the software and trading infrastructure.

The FCA has this week issued a warning against the fund recovery scam Binary Forex Recovery (www.binaryforexrecovery.com). On the website, we have not found any information about legal entities or persons running the scam. Addresses in the United Kingdom and the United States are given. Interestingly, the website presents articles about the fraudulent activities of other fund recovery scams such as Wealth Recovery International (WRI) and Austin Smith. The fact is that 9 out of 10 fund recovery offers are unfortunately scams or operated by scammers.

UK FCA issued investor warnings against two suspected fund recovery scams Trader Recovery (www.traderrecovery.co.uk) and National Association of Refund Expert Bureaux (www.refund-expert.org). The former's website is currently down. It is a sad fact that there are more and more fund recovery scams that lure even more money out of already damaged victims of scams by promising them to get their money back. Unfortunately, they are nothing but super-toxic.

Israeli scammers have expanded their business model globally between 2010 and 2018, spreading their boiler rooms geographically. They defrauded hundreds of thousands of retail investors out of billions of dollars. Now, the center of the global fund recovery business is in Tel Aviv. Like Wealth Recovery International (WRI) of Austin Smith, some of them have turned out to be scams or fraudsters. Others like Action Refund, Money Back, or Pay Back are being under our investigation. Stay alerted and super-cautious. We'll keep you updated!

Hundreds of binary options, Forex, and CFD scams have robbed hundreds of thousands of investors worldwide of their money since 2010. Therefore, Israeli fund recovery experts we Wealth Recovery International (WRI) of Austin Smith have also emerged. Smith was convicted in the U.S. for investment fraud related to the Yukom binary options scam and his WRI activities. Now there is a new Israeli fund recovery expert, Action Refund Ltd (ARF). We'd like to know more about it.

California native Liora Welles, who is also an Israeli citizen, burst into tears when U.S. District Judge Theodore D....

The U.S. prosecutors believe that the binary options scheme perpetrated by Lee Elbaz and her co-conspirators caused losses in...

The sentence of binary options fraudster and fund recovery perpetrator Austin Smith is scheduled in the U.S. tomorrow. The...

The Yukom Enterprise binary options fraud scheme, currently being prosecuted by U.S. Prosecutors and sued by the U.S. Commodity...

The findings of the US authorities in the broker fraud case involving Yukom Communications and its now convicted CEO...