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The Times of Israel, in a series of articles, has exposed the largely fraudulent Israel-based industry that has been stealing billions of dollars from hundreds of thousands of victims worldwide for the past decade. Duplicitous binary options companies ostensibly offer customers a potentially profitable short-term investment, but in reality — through rigged trading platforms, refusal to pay out and other ruses — these companies fleece the vast majority of customers of most or all of their money. (The industry has been denounced by Israel’s securities regulator and by the Prime Minister’s Office, and a government-drafted, opposition-backed bill to ban it was sent in February to the Knesset, where it currently languishes.)

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