CySEC Scam Tourism – The Israeli Maxigrid Network attacking EU investors
This is the second part of our series about CySEC Scam Tourism which has its roots in the era of binary options. In this period between 2010 and 2017, mainly Israeli financial entrepreneurs came to Cyprus en masse to set up their CySEC regulated Binary Options Brokers. Simona Weinglass, an investigative reporter of The Times of Israel, called it Israel's vast and amoral scam industry. The CySEC has not made things too difficult for these foreign binary options scammers.