Shay Hillel | FinTelegram News

Tag: Shay Hillel

January 19, 2023

Novox Group: The Hidden Binary Options Scam Enabler And The Guilty Plea!

Novox Capital, once a CySEC-regulated company, operated some "regulated" binary options brands. Additionally, Novox provided services to numerous scam schemes and offered them a regulatory umbrella: Option888 of Uwe Lenhoff, OptionStars of Gal Barak, and many others. The beneficial owners of the Novox Group were the cousins' Shay Hillel and Yehoram Hillel. They were also the main shareholders of the broker software company Tradologic. Novox and the Hillels are also at the center of the various trials.

January 19, 2023

Former Israeli Executive In Gal Barak’s Cybercrime Organization Arrested In Cyprus!

The news is actually not really new anymore. The Israeli Chen Ganon was arrested in Cyprus a few weeks ago at the request of the German public prosecutor's office. Ganon was one of the managers in Gal Barak's cybercrime organization. He was responsible for the broker scam SafeMarkets and has worked in the boiler rooms in Serbia and Bosnia-Herzegovina. We spoke with Ganon several times in 2018, and he confirmed the allegations against Gal Barak and E&G Bulgaria.

December 27, 2022

Be Cautious When Trading With Novox Capital Successor PrimeXBT!

We recently brought an update on Novox Capital Ltd, a CySEC-regulated investment firm (CIV) that was notorious for facilitating vast binary options scams. Until a few months ago, the entity was controlled by Shay Hillel and Yehoram Hillel. The company was apparently sold to Dmitrij Pruglo and renamed PXBT Trading Ltd. It applied for voluntary suspension of its CySEC license due to the acquisition. Pruglo is the CEO and shareholder behind the Malta-registered crypto company Coinvesting and one of the key players of the PrimeXBT offshore crypto trading platform.

December 26, 2022

Interesting! The Vanished Binary Options Scam Facilitator Novox Capital And Its Legacy!

More trials against binary options scam operators or their facilitators coming up in the first half of 2023. The former beneficial owners of the (then) CySEC-regulated Novox Capital Ltd are also in the spotlight: the Israelis Shay Hillel, Yehoram Hillel, and their partner and frontman Israel Bash. They are currently not charged however the prosecution alleges that their Novox Capital had been massively involved in running and facilitating vast binary options scams. Gal Barak and his cybercrime organization E&G Bulgaria were a close partner and client of Novox Capital.

November 30, 2022

Funny: CySEC Fined Suspended Binary Options Perpetrator Novox With €100!

The CySEC board informed that it imposed an administrative fine of €100 on Novox Capital Ltd since it did not successfully submit the QST-CIF Form to CySEC for the first quarter of the year 2022 within the set deadline, as required by Circular C497 of CySEC. Effective October 1, 2022, former binary options broker Novox Capital has voluntarily suspended due to acquisition and restructuring. The website is offline.

November 29, 2019

Binary Options Scams – The secret relationships between Novox Capital, Payvision and Lenhoff

In January 2019 the German Uwe Lenhoff was arrested. After months of investigations by the authorities in Austria, Germany, and other EU countries, the authorities..

Solaris Bleeds Cash and Jobs: Can This High-Risk Fintech Survive, Let Alone IPO?

Solaris, a German fintech and neobank, has a long history of compliance troubles. Moreover, its ongoing financial losses and regulatory woes doubt its long-term profitability, even as it sheds jobs and restructures for survival. A potential IPO, as rumored by the German platform Gründerszene, seems speculative at best in light of its deep-rooted issues with compliance and financial stability.

Breaking: The Binance-Like $3.1 Billion Money Laundering Settlement of TD Bank!

TD Bank, one of North America's largest financial institutions, has been hit with a historic $3.1 billion settlement over money laundering violations. This case represents one of the most significant AML enforcement actions in U.S. history, both in terms of the financial penalties imposed and the severity of the admitted misconduct. Only Binance, with its $4.1 billion settlement, was even larger.

Gotbit and Russian Executives Charged by U.S. DOJ and SEC for Crypto Market Manipulation!

Gotbit Consulting LLC, along with its Russian executives, has been charged by the U.S. DOJ and SEC for its role in a widespread market manipulation scheme. By using wash trades, Gotbit inflated crypto asset prices and volumes, deceiving investors and raising millions in illicit profits. The company’s fraudulent activities were executed across multiple jurisdictions, with key figures now facing extradition and prosecution.

SEC Charges Market Manipulators in Crackdown on Crypto Asset Fraud

The U.S. SEC has charged three market makers and nine individuals for manipulating the crypto asset market, generating artificial trading volumes and misleading retail investors. The fraudulent schemes created the illusion of active markets, prompting unsuspecting investors to pour money into manipulated crypto assets. The DOJ filed criminal charges against the scheme operators in a parallel transaction.

U.S. DOJ Charges 18 Individuals and Entities in Global Crypto Fraud Crackdown!

The U.S. DOJ has charged 18 individuals and entities in an international operation targeting market manipulation and fraud in the crypto industry. The defendants, including market makers and token promoters, are accused of using wash trading and false trading activity to deceive retail investors and artificially inflate crypto prices. This is the first major criminal case of its kind in the crypto market.