Two Israelis are charged for fraud of tens of millions of dollars in binary options

Two Israelis are charged with a lawsuit filed by the U.S. Securities and Exchange Commission for tens of millions of dollars in binary options fraud. The Two, Gil Beserglick and Rez Beserglick and another man, Kai Christian Petersen, used deceptive marketing techniques and "manipulative phone centers" to persuade investors to trade binary options through three operating sites, according to the lawsuit filed in Central California District Court.

According to the lawsuit, employees at the call centers allegedly persuaded investors to open binary options trading accounts and deposit large sums in these accounts. According to the lawsuit, call center employees lied to investors about their name, location and expertise in securities trading and, among other things, told investors to make money only if they made a profit themselves.
Those brokers made money only from investor losses, so they had no incentive to advise investors on how to trade binary options profitably. According to the lawsuit, most investors who traded binary options through the said platforms lost money, and some pension savers lost all their savings in the hundreds of thousands of dollars.
 "For some of the victims, this international fraud has cost them their lives. The complaint reflects the endless pursuit of the US Securities and Exchange Commission for those people who are draining vulnerable investors' retirement accounts," said Melissa Hodgman, director of the PA's Enforcement Division.
The three binary option sites operated by Bloomberg Options, Morton Finance, and Starling Capital have been designed as professional-looking trading platforms to trick investors and convince them that they are legitimate brokers. The fraudulent call centers were set up in Israel and Germany, and they helped persuade investors to invest large sums of money.
 Advocate Dror Matityahu, a partner and director of a white-collar department at the Fisher-Bachar-Chen-Wall-Orion & Co. office, which represents Israeli society in response: The foundation. This is a company and a businessman who has always acted by law and has never been involved in any way with investor fraud. "