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Mind the gap: From Israel via London, an online gambling scam traps thousands

From reuters.com

In early 2013, a young Israeli businessman registered a web domain in London for a company called NRGbinary.com. The online options trading website offered clients the opportunity to make large amounts of money from simple bets on the movement of financial markets, stocks and commodities. But there were a few peculiarities to the company. While it was initially registered in Britain, NRGbinary was run from Israel and sold its products to clients in the Middle East, Canada and South Africa. Within months it had shifted its registration to Cyprus and then to the Seychelles. Within two years, according to London lawyers ... (full story)

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