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Tuesday, March 24, 2026
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Tag: Yoav Ida

Israeli Binary Option Supervillain Aviv Talmor Sentenced To 4 Years Prison Time!

Aviv Talmor, the Founder and CEO of the binary options scheme UTrade, has received a four-year prison sentence for defrauding investors of $22 million, FinanceMagnates reports. Additionally, he was fined about $78,900. The District Court in Tel Aviv sentenced Talmor after the conviction in September 2022. He was found guilty of fraud under aggravated circumstances, theft by an authorized person, money laundering, and managing an investment portfolio without a license.

A GLOBAL BINARY OPTIONS SUPERVILLAIN NETWORK

A few days ago FinTelegram reported that Australian media uncovered the scam activities of the Israeli Yossi Herzog in Australia. Herzog, along with his partner Kobi Cohen and other co-conspirators, has been charged with binary options fraud in the U.S. His former employee Lee Elbaz, as CEO of Yukom scam, has already been sentenced to 22 years in prison and a $28 million restitution payment. Yossi Herzog's scam network is truly global and developed some real supervillains.