The SEC says Israel’s SpotOption binary operations company – which was subsidized by Israel – defrauded US investors out of at least $100 million - Upgoat

The SEC says Israel’s SpotOption binary operations company – which was subsidized by Israel – defrauded US investors out of at least $100 million
submitted by TFS to news 3 yearsApr 21, 2021 07:56:10 ago (+6/-0) (israelpalestinenews.org)
https://israelpalestinenews.org/another-case-of-vast-fraud-in-israels-ever-shady-binary-options-industry/?utm_source=If+Americans+Knew+Subscribers&utm_campaign=8f549a84a2-IAK_Daily_Updates&utm_medium=email&utm_term=0_492062bf3f-8f549a84a2-329689277

The Times of Israel disclosed today that the US Securities and Exchange Commission (SEC) has filed charges against SpotOption, an Israel-based binary operations company, alleging that it used “deceptive and manipulative” tactics to commit global fraud.

According to the SEC, SpotOption (more recently known as Spot Tech House Ltd) has defrauded US investors alone out of more than $100 million – worldwide, the number runs into the billions – offering products and services to brokerage firms which then marketed binary options worldwide.

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