Israel: World Online Fraud Center

[Idaho Kid]

"The wolves of Tel Aviv" is the headline on the Times of Israel—an article published by the Jerusalem-based newspaper which openly admits that Israel is the center of the world's "binary options" fraud scam—a practice so illegal that the US has outlawed it.

The Israeli binary options "industry" specifically targets non-Jews in Europe, Africa, and the Middle East, brings in over a billion dollars, and employs thousands of Jews cheating "naive would-be investors via a range of corrupt practices."

Ironically, the title of the Times of Israel article—"The wolves of Tel Aviv" is taken from the autobiographical book, The Wolf of Wall Street, written by the Jew Jordan Belfort.

In that book, Belfort told of his fraud rampage through the New York financial section for which he was finally arrested and sentenced to four years in prison.

Jordan's New York fraud escapade involved so many Jews that the Jewish Journal, in an article published in December 31, 2013, called it "'The Wolf' and the Jewish Problem" after a Hollywood movie was made which glamorized Belfort's crimes.

The binary scam in Israel works on the same basis that Belfort's fraud operated: high pressure telephone calls to non-Jews all over the world to persuade them to "invest" in a financial product called "binary options."

The victims are encouraged to make a deposit—actually to transfer money to the Jewish company—and then use that money to make "trades" in online currency.

This in effect means that the "clients" have to try and assess whether a currency or commodity would go up or down on international markets within a certain, short period of time.

If they predict correctly, they win money, between 30 and 80 percent of the sum they have put down. If they are wrong, they forfeit all the money they put on that "trade"—to the Jewish company.

While this sounds reasonable at first—especially if presented by a fast-talking glib salesman, the reality is vastly different, as the Times of Israel openly admits.

Quoting an Australian Jew, Dan Guralnek, who got cold feet about being involved in the vast scam, the newspaper revealed the truth behind this multinational swindle:

    He [Guralnek] heard that jobs in an industry called binary options paid twice what he was earning, plus commission. "As soon as I started looking for a job, I was getting calls from binary options companies every day," he recalls. "They dominate the job advertisement space."

    Nor did Guralnek have any difficulty landing a job. On the day Guralnek stepped into the lavish offices of his new employer in the seaside town of Herzliya Pituah, he knew he had arrived. "There was free coffee, free food," says Guralnek. "My salary was 7,500 shekels ($1,900) per month, plus commission."

The Times of Israel reveals that Guralnek was placed in a call center with about fifty others, all of them "new [Jewish] immigrants to Israel" who were fluent in a variety of languages.

His job, he told the newspaper was to call people around the world and persuade them to "invest" in binary options.

The Times of Israel then reveals how the "trading" process works: having made their first financial transfer to the Jewish company, customers log in to an online trading platform, as directed by the company's salespeople, and place money on a prediction that the price of a currency or commodity will go up or down on international markets in, say, the next five minutes.

    If the customer predicts correctly, he makes a profit of a certain percentage and the company loses money. If the customer is wrong, he loses all the money he placed on the trade, and the company keeps it. Professional options traders consulted by the Times of Israel said that even a financial genius cannot predict with any confidence what, say, the price of gold will do in the next five minutes; rather than an investment, the transaction is really nothing more than a gamble.

Guralnek soon saw that the more trades a client made, the closer they came to losing the entirety of their initial deposit. He then went on to reveal how the "company knows that the whole operation is a scam."

http://newobserveronline.com/israel-world-online-fraud-center/