..

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

Written by:
Guest
Published on:
Jul/02/2016

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, Gambling911.com

Gambling News

Draftkings Loses $161M Amid Pandemic, LeoVegas Revenues Surge

Draftkings Loses $161M Amid Pandemic, LeoVegas Revenues Surge

Without sports, the bookmakers were bound to take quite a hit.  During the global pandemic, books had to resort to simulations, Belarus football and - by far the most popular of all sports - Russian table tennis.   None of this really helped it seems.

Trade Group Report: Gambling Economy Hit Hard by Coronavirus

Trade Group Report: Gambling Economy Hit Hard by Coronavirus

The coronavirus and efforts to fight it have hit U.S. casinos and legal gambling businesses hard, leading to a nearly 79% drop in commercial gambling revenue for the second quarter of 2020, the industry’s trade association reported Thursday.

Neptune Man Arrested in Mugging of Keyport Man Returning From Monmouth Park

Suspect Arrested in Mugging of Keyport Man Returning From Monmouth Park

Authorities have made an arrest over a year after a Keyport, New Jersey man was robbed returning home from winning a significant amount of money at Monmouth Park.

Top 5 COVID-19 Related Gambling Trends You Can Expect to Take Shape Revealed!

Top 5 COVID-19 Related Gambling Trends You Can Expect to Take Shape Revealed!

Across the globe, various businesses and sectors are struggling to adapt to the new norm of COVID-19. The gambling sector is not spared either, with activities being crippled in several ways. The operators of the agencies can testify the industry is hit hard. Does a question arise about what you can expect from the betting sector from agencies and punters themselves? Here are some of the top trends you can expect to see during post lockdown related to gambling activities.  

Two Charged in $4 Mil Casino Theft, Macau Reopens

Two Charged in $4 Mil Casino Theft, Macau Reopens

Two people have been charged in an alleged Livermore gambling scheme involving a theft of about $4 million, state prosecutors said Monday.

Syndicate