AUSTRIAN AUTHORITIES ALLEGE FORMER ISRAEL FORCES INTEL OFFICER ‘MASTERMIND’ BEHIND €200 MILLION SCAM

On 17 February, the Times of Israel reported that no charges had been laid, but investigators say he and a company provided software to manipulate financial data and help swindlers defraud consumers.  The Israeli man founded a binary options trading platform which has been named by Austrian authorities as one of the masterminds of a massive “pan-European” fraud scheme.  Austrian police have, since 2017, investigated an Israeli-run multinational ring of allegedly fraudulent call centres running financial websites.  According to investigators, the ring duped consumers into investing in binary options and contracts for difference (CFD) — forms of gambling on supposed stock movements — and on cryptocurrencies, but used software that could manipulate the prices to ensure the fraudsters came out on top.

https://www.timesofisrael.com/austrian-authorities-allege-ex-idf-intel-officer-mastermind-behind-e200m-scam/

I would be grateful for any modest contribution for my time and ongoing costs of computer, relocation, and (still ongoing) removal costs, I have a page, where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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