[vc_row type=”vc_default”][vc_column][vc_column_text]While Israeli law enforcement continues to ignore the country’s robust online fraud sector, the United States government has asked a Florida court to impose some $75 million in fines and penalties against a single alleged US-based binary options fraudster. The alleged fraudster, Michael Shah, worked in tandem with call centers in Israel, the Commodities and Futures Trading Commission motion charges, and steered his American and other financial victims to numerous binary options websites based in Israel.

The penalties sought in this case are the largest the CFTC has requested so far from an alleged binary options fraudster, and the scale of the damages sought from a single alleged crook hint at the colossal scale of the overall fraud.

https://www.timesofisrael.com/us-seeks-record-75m-from-marketer-for-steering-victims-to-israeli-binary-scams/[/vc_column_text][/vc_column][/vc_row]