How did the Israeli-linked global 'scam empire' operate? | TRT World
The network traced its roots directly to the early 2010s, an era famously dubbed "The Wolves of Tel Aviv" by The Times of Israel investigative journalist Simona Weinglass.
Her groundbreaking 2016 series exposed a multi-billion-dollar domestic binary options industry operating out of high-tech Israeli commercial centres.
Following massive international pressure, the Israeli Knesset formally banned the domestic binary options industry in October 2017.
However, experts noted that this ban did not dismantle the networks but forced them to export their fraud operations. Meanwhile, the network headquarters stayed in Tel Aviv.
The Organized Crime and Corruption Reporting Project (OCCRP) has previously exposed two cells of the network, revealing that it defrauded at least 32,000 individuals out of a total exceeding $275 million.
@trtworld
#WolvesOfTelAviv
The network traced its roots directly to the early 2010s, an era famously dubbed "The Wolves of Tel Aviv" by The Times of Israel investigative journalist Simona Weinglass.
Her groundbreaking 2016 series exposed a multi-billion-dollar domestic binary options industry operating out of high-tech Israeli commercial centres.
Following massive international pressure, the Israeli Knesset formally banned the domestic binary options industry in October 2017.
However, experts noted that this ban did not dismantle the networks but forced them to export their fraud operations. Meanwhile, the network headquarters stayed in Tel Aviv.
The Organized Crime and Corruption Reporting Project (OCCRP) has previously exposed two cells of the network, revealing that it defrauded at least 32,000 individuals out of a total exceeding $275 million.
@trtworld
#WolvesOfTelAviv