JERUSALEM (JTA) — Israel’s multibillion-dollar binary options industry, which has scammed millions around the world over the past decade, is out of business. On Monday, the Knesset unanimously passed a law to ban the industry, with 53 votes in favor and none against. By the time the measure goes into effect in three months, all…
TEL AVIV (JTA) — They were part of the problem. Now they are spearheading a solution. A Tel Aviv-based startup run by young American Jewish immigrants to Israel, or olim, has taken on the largely fraudulent binary options industry centered in this country that has been estimated to generate as much as $10 billion a year. Owned and…
The FBI is singling out a thriving business in Israel — two firms alone do $8 billion in business annually— that’s also ripe for fraud. Headlining the bureau’s website this week is an advisory against binary options trading, in which customers buy and sell shares of stocks — but many of the 100 companies operating…
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