The Merchandise and Futures Trade Commission (CFTC) has accused some Executives from American and Israeli companies of alleged fraud for $ 15 million, including cryptocurrencies and binary options.
Mention court documents filed on May 5 two scams important, the first in connection with binary optionswhich took place between October 2013 and November 2016, and The second concerned digital assets like Bitcoin (BTC) and Ether (ETH).which took place between November 2013 and August 2018.
The CFTC accused Tal Valariola, based in Israel and Itay Barak from Digital Platinum Limited, support the US-based company All In Publishing (AIP) Creation and promotion of numerous misleading investment plans for US and foreign investors.
During the allegedly misleading marketing campaign, 51,917 news users opened a binary options account and deposited a total of nearly $ 13 million. In addition, 8,043 users opened a digital assets trading account and deposited more than $ 2 million in total.
You created fake customer success stories
Daniel Fingerhut from All In Publishing allegedly relied on fake customer success stories that showed the lavish lifestyle by investors trading on AIP partner platforms. The CFTC states that DPL agreed to publish the advertisements, despite knowing the misleading information in advertising campaigns.
According to an email from 2015, AIP had spent about $ 50,000 on producing video for marketing campaigns during the binary options fraud.
The CFTC stated that during the digital asset advertising campaign Companies used at least five auto-responder emailseach with one Database about 200,000 emails.
“”Foxglove engaged, managed and / or supervised At least four people in Florida and one in Israel for them to write and distribute request emails en mass by answering machine. “
The The CFTC has four charges against suspects, including option fraud and CTA fraud. (Call to action, a request to the user to take an action) in addition to inquiry a variety of Precautions that prohibit them from engaging in activities related to the trading of basic products. Commission the court also asked to order them economical effort.