Firm Raided as Part of Illegal Binary Option Biz Founded by Suspect in Match Fixing Case

Written by:
Published on:

One of the companies tied to an illegal Romanian binary options ring, YouTradeFX, is related to the Israeli company USG Capital, the Times of Israel reported on Saturday.

USG Capital was founded by prominent Israeli entrepreneur Itamar Patishi and later sold to Tomer Sinai, who once owned the Hapoel Petah Tikva soccer team and was arrested in 2011 for his suspected role in a scandal involving the alleged rigging of soccer games for purposes of illegal gambling.

The money trail from the recent raids spread across Romania, Cyprus, Bulgaria and Israel.

Patishi denies any involvement in binary options sector for at least the past two years.

Binary options firms in Israel have now been banned by that nation’s Securities Authority from targeting Israelis, but are still free to target people abroad.

- Aaron Goldstein,

Gambling News

Wichita Bookie Sentenced as Part of Illegal Gambling Probe

An admitted bookie in an illegal gambling ring in Wichita will serve two years of probation for his crimes. News has all your news related to and its supported GIFcoin (Gambling Investment Fund). 

Gambling Investment Fund Performing Well in Bearish Crypto Market

GIFcoin, which claims to be the world's first Gambling Investment Fund, continues to chug along despite a rather bearish market in the cryptocurrency space.

CryptoFriends Partners With Malta Blockchain Summit

CryptoFriends Partners With Malta Blockchain Summit

The inaugural edition of the Malta Blockchain Summit promises to be a seminal event on the Blockchain and DLT calendar, and it has just received a boost with a newly minted partnership with CryptoFriends, who are known for bringing their signature style to the events they work with.

Root: Can You Imagine the Dollars Bet Once Sports Betting is Legalized in US?

Root: Can You Imagine the Dollars Bet Once Sports Betting is Legalized in US?

In his regularly featured article for the Las Vegas Review Journal, one time sports handicapper turned political pundit and radio commentator, Wayne Allyn Root, surmises that legalized sports betting in the United States will generate an almost endless stream of new money flow.