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February 18, 2023

German Indictment Against Binary Options Fraud Scheme Operators Behind GetFinancial Et Al!

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.

September 1, 2022

Liechtenstein Prosecutors Investigate Additional Money-Laundering In The GetFinancial Case!

Earlier this year, German prosecutors filed charges against Israeli scammers in the so-called GetFinancial Case. In June 2022, an Israeli court approved the extradition of four suspects Nimrod Blechman (33), Chen Malka (31), Pavel Kotler (47), and Yuri Dashevsky (33). Now it became known that the prosecutors in Liechtenstein are investigating Nadav Gover and others for money laundering in the GetFinancial case. Evidently, they used bank accounts in Liechtenstein to launder the stolen money.

June 10, 2022

Israeli Court Approves Extradition Of Suspects To Germany in GetFinancial Case!

Israeli news platforms reported today that the appropriate Israeli court approved the extradition of four more arrested suspects in the so-called GetFinancial Case (FinTelegram report..

March 20, 2022

Confirmed! Israeli lawyer and scam-facilitator David Bar-El to be extradited to Germany!

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.

October 24, 2021

Another update on the GetFinancial Case with some more brands and names!

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.

October 21, 2021

The Wandering Fraud & an update on the GetFinancial Case!

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.

September 3, 2019

Investment scams – European authorities investigate payment services provider MoneyNetInt

FinTelegram has received information that the authorities in Poland and other EU member states are investigating the payment service provider (PSP) MoneyNetInt Ltd. Whistleblowers and..

August 28, 2019

G.M. Marketing, Payobin, and ZP Advocates

After the collapse of the vast fraudulent Israeli binary options industry, the scammers, their payment service providers, and their lawyers try to distance themselves from..

May 10, 2019

TradeSolid – Another Binary Options Scam And Its Perpetrators Exposed

According to the documents available to us, the offshore entity behind the TradeSolid scam, G.M. Marketing Group Ltd, was registered in the Marshall Islands. However,..

Swiss Regulator Seizes $15 Million from Private Bank Mirabaud Connected to a Vast Money Laundering and Tax Evasion Case!

Swiss regulator FINMA has seized $15 million from Geneva-based private bank Mirabaud & Cie for serious breaches of financial market law and money-laundering obligations. The bank failed to conduct proper due diligence on a deceased businessman accused of tax evasion, managing up to $1.7 billion in assets linked to him. Despite Mirabaud's efforts to keep the case private, a Swiss court has now made it public.

FinTelegram

Does Sam Bankman-Fried’s Appeal Stand a Chance?

Sam Bankman-Fried’s legal team has filed an appeal to overturn his 25-year sentence, arguing that his trial was tainted by bias. The appeal claims that crucial evidence, including the solvency of FTX, was withheld from the jury. However, legal experts are skeptical about the chances of success, given the high bar for overturning such convictions. Lesson to be learned: bankruptcies are dangerous for all concerned.

Wanted: Connectum Voluntarily Restricts Business After FCA Audits and Vanished Into Thin Air!

Connectum, once a key player in facilitating payments for cybercrime organizations, has seemingly vanished after voluntarily restricting its business operations following FCA audits. The payment institution, now controlled by Cambodian PEP Sokha Heng, stopped offering services as of May 22, 2024, and its email address is no longer functional—raising concerns about the company’s current status. Connectum is wanted by fund recovery organization EFRI for victim compensation payments.

FinTelegram

Global Law Enforcement Action Dismantles Ghost Platform Used by Organized Cybercrime!

In a coordinated international crackdown, authorities have dismantled the Ghost encrypted communication platform, which criminal organizations had used for activities including drug trafficking, money laundering, and violent crime. Over 50 arrests were made globally, and drugs, cash, and encrypted devices were significantly seized. Europol led the operation, which involved law enforcement from nine countries.

Cyprus Real Estate Firm Partners with Notorious CryptoProcessing for Crypto Payments! And Some Background!

Anything is possible in Cyprus. Especially when it comes to cyber finance and illegal gambling and financial platforms. Cyprus was the global hub for illegal and fraudulent binary options. Providers of crypto services have also found a home there. The island is also home to the Dream Hill real estate company, which now offers the purchase of apartments via cryptocurrencies. The partner for this is CryptoProcessing. Here is the most important thing in Telegram style.