UTrade owner Aviv Talmor was convicted back in 2023 of defrauding investors of NIS 77 million, and is now serving a five year jail sentence.
The CFTC has filed a motion for default judgment against a number of entities and individuals involved in a large-scale binary options scheme.
Aviv Talmor was convicted back in September 2022, and then sentenced to four years in jail in January 2023.
Yakov Cohen, one of the key figures in the binary options scam evolving around Yukom Communications, has agreed to settle CFTC charges.
Sabrina Elofer has also agreed to pay more than $2.9 million in restitution, pursuant to her plea agreement.
The BeeOptions operators fraudulently obtained more than $51 million from Binary Options customers in the United States.
The CFTC has filed for a default judgment and permanent injunction against FX and binary options fraudster Patrick Wonsey.
The CFTC seeks an entry of default against FX and binary options fraudster Patrick Wonsey d/b/a One Bell & Associates.
Instead of trading pool participant funds as promised, Wonsey misappropriated the funds for his personal benefit.
Israeli authorities refused to provide a reason for the charges being dropped against Roey Hayun and 24option.
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