US seeks record $75m. from marketer for steering victims to Israeli binary scams

by adminJuly 18, 20187, 18, 2018

[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.[/vc_column_text][/vc_column][/vc_row]

Anat Samovski


I was working in the risk dept of a major binary company, after a few months I understand what this industry is all about and I left. I believe that it is divine providence that MoneyBack found me and hired me. I know how many people fall for this kind of scams and I know what we can do for them I wish we could have gotten to them all. If you lost money to a rading scam online please sign up because we can help you!!

Send us a message to get your money back

In order to get a call back from one of our claim analysts please leave your contact info in the form below and we will get back to your shortly

Phone number
Amount lost
Amount lost
Less than 5K
5K - 10K
10K - 20K
21K - 40K
40K - 80K
80K - 100K
100K - 150K
150K and up
Mon-Fri: 9AM - 7PM
Ramat Gan, Israel