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Residents in Austria warned over scam 'Finanz' messages thelocal.at - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thelocal.at Daily Mail and Mail on Sunday newspapers.
128 shares Illustrative: A broker works in a trading room of a Portuguese bank in Lisbon, Wednesday, July 3, 2013. (AP/Francisco Seco) An Israeli man who founded a binary options trading platform has been named by Austrian authorities as one of the masterminds of a massive “pan-European” fraud scheme. Austria’s Ministry of the Interior, which oversees police and public security, has cited Israeli citizen Ilan Tzorya, founder of the binary options platform Tradologic, as one of the masterminds of a fraud scheme that allegedly netted over 200 million euros. The January/February 2021 issue of the ministry’s magazine “Öffentliche Sicherheit” (Public Safety), featured an article describing how federal police have, since 2017, investigated an Israeli-run multinational ring of allegedly fraudulent call centers running financial websites. The investigation has thus far led to 11 suspects being taken into custody as well as a conviction of Tzorya’s for ....