Israel Bans Binary Options “Because it Causes Anti-Semitism”

Israel has finally banned the “binary options” internet swindle which was perpetrated on Gentiles by online trading outside that country—but only because it was “causing anti-Semitism”—and years after the swindle was banned inside Israel so that Jews would not be conned.

Tel Aviv Business District, where the “binary options” companies are based.

The “binary options” swindle specifically targeted non-Jews in Europe, Africa, and the Middle East, and was worth billions of dollars a year in Israel, employing thousands of Jews cheating “naive would-be investors via a range of corrupt practices.”

As outlined earlier, the scam worked by Jews making high-pressure telephone calls to non-Jews all over the world to persuade them to “invest” in a financial product called “binary options.”

The victims were encouraged to make a deposit—actually to transfer money to the Jewish company—and then use that money to make “trades” in online currency.

This in effect means that the “clients” have to try and assess whether a currency or commodity would go up or down on international markets within a certain, short period of time.

If they predicted correctly, they won money, between 30 and 80 percent of the sum they put down. If they were wrong, they forfeited all the money they put on that “trade”—to the Jewish company.

The victims could watch their “investments” online on specially-created stock-market like websites—little knowing that the whole thing was set up to fleece them.

An online recruiting advertisement for binary options company BetaMedia, the Israeli operational name for 24Option. (Screen capture: Facebook)

A BetaMedia recruiting booth at a job fair for multilingual Jews in Tel Aviv.(Screen capture: Facebook)

Most of the victims lost all their money, and in Britain, some old-age pensioners, stripped of their life savings, even committed suicide.

“Binary options” was outlawed in the US—and, significantly, inside Israel.

But the Jewish ethnostate deliberately turned a blind eye to the swindle being perpetrated from Israel on the Gentile world—until now, when the scam was becoming so obvious that not even the Jewish lobby-controlled mass media could keep news of it suppressed.

As Shmuel Hauser, chairman of the Israel Securities Authority, said following the Israeli government’s decision this week, the “sites selling binary options cause serious harm to Israel’s image, encourage anti-Semitism and have hurt Israel’s foreign relations.”

“The law will enable the securities authority to act in an unprecedented manner against those entities operating from Israel vis-à-vis clients abroad, by imposing civilian and criminal sanctions including imprisonment,” Hauser said.

Significantly, Hauser and no other Israeli official expressed any regret over the moral injustice of the swindle, nor any sorrow over the extent of the thievery.

Instead, as Hauser said, the only and single concern was what exposure of the swindle was doing to the image of Jews around the world.

It is not as if Hauser and the Israeli government were not aware of the scam: the fact that they had long since outlawed it being perpetrated inside Israel is testament to that fact.

One of the Israeli government officials involved in drawing up the law confirmed that the main concern with the international swindle was not its effect upon Gentiles, but rather what the world was thinking of Jews:

“We worry about the BDS (“Boycott, Disinvestment, and Sanctions” [against Israel])movement,” said MK Rachel Azaria (Kulanu) in her introduction to the law.

“This industry has a huge impact on how Israel is viewed throughout the world. Our government officials go to international conferences and their colleagues abroad raise their eyebrows because of this industry.”

Even now, with the swindle having been definitively exposed, the new law will only go into effect in three months’ time—giving the binary options companies, all based in Tel Aviv’s central business district—more than enough time to move their operations elsewhere.

Some of the companies have already moved their operations to eastern Europe, where the unsuspecting Gentile governments appear to be unaware of the nature of the companies’ dealings.

As the Times of Israel remarked in its coverage of the banning, the “ binary options industry, some of which has closed down in Israel in recent months as the legislation made its way through the Knesset, is an Israel-based enterprise which flourished with almost no intervention by law enforcement since 2007.”

The Times of Israel reported in September 2017 that the FBI had arrested the Jewess head of an Israeli binary options company shortly after she had arrived in the United States, following an announced that the US was cracking down on the international swindlers.

Lee Elbaz, 36, the CEO of Yukom Communications Ltd., (which operates the and websites, which have defrauded thousands of investors, including Americans, out of tens of millions of dollars), was arrested on September 15 at JFK airport in New York.

When the FBI learned of her imminent arrival, agents scrambled to file a criminal complaint with the Maryland district court, charging her with wire fraud and conspiracy to commit wire fraud. They were granted an arrest warrant the same day.

Elbaz has since been released into the custody of her aunt in the United States after the latter posted $1.8 million in bail. She is under house arrest until her trial and is prohibited from engaging in binary options activity or talking to any witnesses, alleged co-conspirators or victims.

Each of the two charges faced by Elbaz carries up to 20 years in prison.

  • The controlled media aimed at gentiles in the West has completely censored any news of the closing down of the binary fraud swindle.

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1 Comment

  1. I got scammed by a bogus broker recently I had to hire a recovery professional to get my funds back. I’m glad this is finally over and I can put this behind me.

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