Tag: CoinsBanking

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.

The fraudulent Profit Maximizer (https://the-profitmaximizer.com) campaign today promotes the CoinsBanking broker scam (www.coinsbanking.com). Anyone registering with the campaign is automatically registered as a future victim at CoinsBanking and redirected to the scam's payment page. Coinswitch Ltd, registered in the Commonwealth of Dominica, is stated as the operator of the scam. The scam attacks in English, German, and Arabic.