The Times of Israel on 12th June, commenting on the large-scale raids on an Israeli-run boiler room scam centre in the Philippines, said that the centre was only one of hundreds worldwide, Israeli-led and without Israeli law enforcement doing enough to help counter. The binary options “industry” was banned in Israel, but some of those involved merely changed the description or type of product offered, and they opened call centres overseas – in Panama, Poland, Albania, Bulgaria, Ukraine, Cyprus, Serbia and the Philippines.
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