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Tag: Yehoram Hillel

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

Boiler Rooms Ben -
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.

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

Court Cases Ben -
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.

Be Cautious When Trading With Novox Capital Successor PrimeXBT!

Crypto Ben -
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.

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

Binary Options Ben -
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.

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

Binary Options Ben -
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.

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

Court Cases Ben -
In January 2019 the German Uwe Lenhoff was arrested. After months of investigations by the authorities in Austria, Germany,...

Illegal Broker – Gal Barak Moves Boiler Rooms To The Philippines

Cybercrime tamir -
Pictured from the left: Maor Sioni, Gal Barak, Itzik Gellet, and friend. FinTelegram has learned from insiders of the Gal...

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