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DansDeals Forum => Just Shmooze => Topic started by: AsherO on January 12, 2017, 03:42:44 PM

Title: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: AsherO on January 12, 2017, 03:42:44 PM
Not sure this belongs here, can't believe a frum "news" site would post this cr@p. What exactly is the scam here?

http://collive.com/show_news.rtx?id=43824&alias=jewish-stock-market-millionaire-is-making-his-followers-rich
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: lubaby on January 12, 2017, 03:44:19 PM
Not sure this belongs here, can't believe a frum "news" site would post this cr@p. What exactly is the scam here?

http://collive.com/show_news.rtx?id=43824&alias=jewish-stock-market-millionaire-is-making-his-followers-rich
This was originally posted back in June here:
http://www.prnewswire.com/news-releases/forex-traders-yielding-impressive-returns-thanks-to-a-new-social-network-582067411.html
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: AsherO on January 12, 2017, 03:46:30 PM
This was originally posted back in June here:
http://www.prnewswire.com/news-releases/forex-traders-yielding-impressive-returns-thanks-to-a-new-social-network-582067411.html

1. Discussed on DDF?
2. Now it's supposedly a frum guy from Williamsburg named Avi Flamovitz with a rags-to-riches story, what kind of BS is this?
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: lubaby on January 12, 2017, 03:49:21 PM
1. Discussed on DDF?
2. Now it's supposedly a frum guy from Williamsburg named Avi Flamovitz with a rags-to-riches story, what kind of BS is this?
1. Nisht. Only found it now after seeing that article on COL.
2. Google search of that name turns up 0 results (well 1 if you count the COL article). Even just his last name brings up nothing.

Did you see (or able to find) the supposed picture of said Chussid with Saudi Prince?
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: AsherO on January 12, 2017, 03:51:12 PM
Google search of that name turns up 0 results (well 1 if you count the COL article). Even just his last name brings up nothing.

I noticed the same, obviously a scammy name. What's the play here?

The whois for the url in the article (splitmadia dot com) is registered to a 64 Newman St. in London, scammy address if you Google that too.
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: aygart on January 12, 2017, 04:17:05 PM
Not sure this belongs here, can't believe a frum "news" site would post this cr@p. What exactly is the scam here?

http://collive.com/show_news.rtx?id=43824&alias=jewish-stock-market-millionaire-is-making-his-followers-rich
"Advertorial"
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: AsherO on January 12, 2017, 04:21:25 PM
"Advertorial"

It's obviously false advertising, but what are they trying to do? Get people to signup for a trading account?
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: hvaces42 on January 12, 2017, 09:35:11 PM
It's obviously false advertising, but what are they trying to do? Get people to signup for a trading account?
This is the same stuff as the Israeli and Cypriot binary options scam. They sign you up for a "trading" account where you make bets on which way certain currencies will go. Not actual Forex bets. Its pure, unadulterated, rigged, gambling.
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: Boruch999 on January 13, 2017, 02:15:42 AM
This is the same stuff as the Israeli and Cypriot binary options scam. They sign you up for a "trading" account where you make bets on which way certain currencies will go. Not actual Forex bets. Its pure, unadulterated, rigged, gambling.
+1 #personalexperience
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: hvaces42 on January 13, 2017, 08:55:48 AM
+1 #personalexperience
Hamokom Y'malei Chesroncha
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: Boruch999 on January 14, 2017, 02:22:22 PM
Hamokom Y'malei Chesroncha

He did b"H :) But not before I saw their evil ways.  I then found some software that hid my stoplosses and take profits from them and made my money back.
Title: Disturbing ad on Vosizneias
Post by: googwallet on February 17, 2017, 11:14:11 AM
Just saw this pop-up when going on vosizneias. Seems like this website is complete scam based what I've read, aside from the fact that day trading is extremely risky even if the broker is legit. I sent an email to vosizneias questioning their practice. I'm honestly shocked that a website like that can get away with this. Simply unbelievable   

Am I missing something here or are they completely out of line for allowing this?

https://www.forexbrokerz.com/brokers/trade24-review

My email to them

Quote
The add below is extremely disturbing. It's advertising an extremely risky practice of day trading and giving the impression that it's a guaranteed income source. How does VIN take on it's shoulders the likely possibility of readers that know nothing about investing clicking on this link and losing hundreds or thousands of dollars?

This ad is extremely conning and deceptive and that fact that VIN allows their website to be a platform for such a sham is just jarring.

I sincerely hope you reconsider.
Title: Re: Disturbing ad on Vosizneias
Post by: JTZ on February 17, 2017, 11:18:00 AM
Better odds than Vegas.
Title: Re: Disturbing ad on Vosizneias
Post by: Dan on February 17, 2017, 11:19:50 AM
Better odds than Vegas.
-1
Title: Re: Disturbing ad on Vosizneias
Post by: Dan on February 17, 2017, 11:20:55 AM
This is even worse:
http://www.collive.com/show_news.rtx?id=43824

Just shameful to take ads from these scam artists.
Title: Re: Disturbing ad on Vosizneias
Post by: aygart on February 17, 2017, 11:21:48 AM
Better odds of losing your money than Vegas.
It is about 100%
Title: Re: Disturbing ad on Vosizneias
Post by: Abebee on February 17, 2017, 11:23:17 AM
This is even worse:
http://www.collive.com/show_news.rtx?id=43824

Just shameful to take ads from these scam artists.
Yeshiva world has the same...
Title: Re: Disturbing ad on Vosizneias
Post by: JTZ on February 17, 2017, 11:25:20 AM
What's the scam? It is Forex trading, no?
Title: Re: Disturbing ad on Vosizneias
Post by: aygart on February 17, 2017, 11:28:03 AM
What's the scam? It is Forex trading, no?
THis was somewhere here before. TimT?
Title: Re: Disturbing ad on Vosizneias
Post by: JTZ on February 17, 2017, 11:30:33 AM
-1
What is the percentage they charge on one of these trades?
Title: Re: Disturbing ad on Vosizneias
Post by: Dave321 on February 17, 2017, 11:30:41 AM
there is another ad with some chasidish guy saying that he has all the tricks to make billions. then the link is a fake bloomberg site article asking you to enter your cc info or ss/
Title: Re: Disturbing ad on Vosizneias
Post by: Dan on February 17, 2017, 11:31:06 AM
What's the scam? It is Forex trading, no?
https://www.google.com/search?q=binary+scam
Title: Re: Disturbing ad on Vosizneias
Post by: JTZ on February 17, 2017, 11:38:07 AM
Before I get jumped all over on a Friday I am not saying this "guy" is legit. What I am saying is Forex trading is legit and I have used it in the past to lock in massive profits (no risk hedging). If you are a gambler you are better betting with them (flip a coin) then playing black or red on roulette in Vegas.
Title: Re: Disturbing ad on Vosizneias
Post by: googwallet on February 17, 2017, 12:44:07 PM
Before I get jumped all over on a Friday I am not saying this "guy" is legit. What I am saying is Forex trading is legit and I have used it in the past to lock in massive profits (no risk hedging). If you are a gambler you are better betting with them (flip a coin) then playing black or red on roulette in Vegas.
We're talking about these ads on frum websites, which is for a specific forex trading platform "Trade 24" which is clearly a scam and does not allow users to withdraw any money in the small chance that they do "earn" something from their trades. The "business" is registered in Cyprus and has many reports online of people being unable to withdrawn money. Once you add money to "trade" it's basically lost forever. It's a total scam, on top of the risk of day trading and forex trading in general, especially for people who know nothing about it.
Title: Re: Disturbing ad on Vosizneias
Post by: googwallet on February 17, 2017, 12:49:22 PM
Previously discussed here http://forums.dansdeals.com/index.php?topic=59204.msg1649445#msg1649445
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: aygart on February 17, 2017, 12:54:07 PM
Previously discussed here http://forums.dansdeals.com/index.php?topic=59204.msg1649445#msg1649445
Thanks.
THis was somewhere here before. TimT?
Title: Re: Disturbing ad on Vosizneias
Post by: JTZ on February 17, 2017, 01:01:29 PM
We're talking about these ads on frum websites, which is for a specific forex trading platform "Trade 24" which is clearly a scam and does not allow users to withdraw any money in the small chance that they do "earn" something from their trades. The "business" is registered in Cyprus and has many reports online of people being unable to withdrawn money. Once you add money to "trade" it's basically lost forever. It's a total scam, on top of the risk of day trading and forex trading in general, especially for people who know nothing about it.
Got it. Just don't want forex trading getting a bad name.
Title: Re: Disturbing ad on Vosizneias
Post by: hvaces42 on February 17, 2017, 01:59:25 PM
Got it. Just don't want forex trading getting a bad name.
Forex trading is legit. Binary trading, which bets on the (rigged) movement of currencies (and other things) on the traders platform, is not. The "trader" signs you up for an account and you bet on movement in currency "x" for instance in the next hour as set forth on their trading platform. They rig the prices so that you can never "win" and even if you do "win" they hard sell or plain dont return your money. They never expose themselves to much if any risk as they control the market.
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: googwallet on February 17, 2017, 04:58:09 PM
Dan, I think this is DDMS worthy.

I would say within hours of a DDMS post these ads will be gone from all the above mentioned sites.
Title: Re: Disturbing ad on Vosizneias
Post by: shimino1 on February 18, 2017, 12:57:46 PM
Before I get jumped all over on a Friday I am not saying this "guy" is legit. What I am saying is Forex trading is legit and I have used it in the past to lock in massive profits (no risk hedging). If you are a gambler you are better betting with them (flip a coin) then playing black or red on roulette in Vegas.
This is not Forex trading. You cannot buy or sell Forex with these sites. They use the name Forex specifically in order to deceive people into thinking they are investing in Forex which they are not!

What they do is let you bet whether a currency will go up or down and you supposedly win if the currency moves in the expected direction. The money never leaves the company! Ever! Unlike a risky but real Forex trade that involves buying a currency, hoping it will go up or down and subsequently selling that currency for a profit or loss, nothing is bought or sold here. You are merely betting on the direction the currency will move: up or down. If you are wrong, you "lose" the money and the company keeps it. If you were right, you "win" and are supposed to get the "profit" on your investment.
This is no different than betting hundreds or thousands of dollars on the flip of a coin.

Someone will ask: "so how is this different then a Casino where you can make or lose money?" The difference is twofold. First of all, with a Casino, the risk is clear. Anyone that walks into a Casino knows there is a high chance they will lose their money. With these "companies", they do everything they can to hide the risk and pretend they are an "investment". No one tells their friend or wife "I am investing $1000 in casino gambling" but over here were you are doing the same thing, no one will tell you that your  "investment" is pure gambling. Second, in a Casino no one coerces you to come in and gamble away your money and if you lose, they don't pressure you to gamble more money. With these "companies", ounce you put in a small amount of money, they pressure you and hard sell you to add more and more money to your initial "investment" and try to get you to leverage yourself which increases the risk exponentially all while hiding the risks and selling you dreams of huge profits. When you lose money, they try very hard to get you to double down on your investment and "invest" even more money.

I haven't even touched on the fact that with a lot of these "companies" it is impossible to get your money out even if you "win". They are registered in remote countries, have no psychical address or offices and you can never pin them down to get the money. Also, most of these trading platforms are rigged and don't really represent what happens in the real Forex world.
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: eli1571 on February 18, 2017, 04:04:35 PM
I have used Trade  24 and every word here is true, just gonna add they work under a few different names, and every few weeks they will call the customers that lost money and sell them that there is a new management etc. 
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: aradisc on February 19, 2017, 05:39:21 PM
Article from almost a year ago behind the scenes of the scam: http://www.timesofisrael.com/the-wolves-of-tel-aviv-israels-vast-amoral-binary-options-scam-exposed/
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: MosheP on February 20, 2017, 06:53:09 AM
I personally contacted two Heimish websites that run these ads,  and have not received any response.

If everyone here emails the websites and demands they be removed by lunchtime today I'm sure they'd all be down.

Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: hvaces42 on February 20, 2017, 07:43:45 AM
I personally contacted two Heimish websites that run these ads,  and have not received any response.

If everyone here emails the websites and demands they be removed by lunchtime today I'm sure they'd all be down.
They dont care. It keeps the lights on at sites like COL and VosIzNeias. Why would they give up the only advertising revenue that they have on a consistent basis? They keep responding "Oh, we didnt know, we dont control the content of the ads on your computer" and statements like that.

The only way to get people to realize that this is worse than casino gambling, which at least in most countries is regulated, is to scream at the top of your lungs. Dan, this is DDMS worthy. At least it should be pinned at the top like the "Dont Swipe for Others" thread. People are losing money and getting "had" every day. This is not an investment product. Its casino gambling with the veneer of legitimacy peppered onto it using buzzwords like FOREX and investment.

Lo sa'amod al dam reyecha.

GEt the message out.
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: Boruch999 on February 20, 2017, 07:49:41 AM
Dan, this is DDMS worthy.
GEt the message out.

Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: churnbabychurn on February 20, 2017, 07:55:09 AM
If they leverage you, the the odds of "winning" can go down to 1/25
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: shimino1 on February 20, 2017, 08:04:00 AM
If they leverage you, the the odds of "winning" can go down to 1/25
Can easily be 1/100. Multiply those odds by the amount of "deals" you bet on and you get terrible odds. All that is assuming you are dealing with an honest company which many are not.
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: hvaces42 on February 20, 2017, 08:22:47 AM
Can easily be 1/100. Multiply those odds by the amount of "deals" you bet on and you get terrible odds. All that is assuming you are dealing with an honest company which many ALLare not.
FTFY

Show me one that is please.
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: Boruch999 on February 20, 2017, 08:31:06 AM
FTFY

Show me one that is please.

They exist.  I don't think it's something most should get into. so I won't post it here.
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: googwallet on February 20, 2017, 04:57:04 PM
They dont care. It keeps the lights on at sites like COL and VosIzNeias. Why would they give up the only advertising revenue that they have on a consistent basis? They keep responding "Oh, we didnt know, we dont control the content of the ads on your computer" and statements like that.

The only way to get people to realize that this is worse than casino gambling, which at least in most countries is regulated, is to scream at the top of your lungs. Dan, this is DDMS worthy. At least it should be pinned at the top like the "Dont Swipe for Others" thread. People are losing money and getting "had" every day. This is not an investment product. Its casino gambling with the veneer of legitimacy peppered onto it using buzzwords like FOREX and investment.

Lo sa'amod al dam reyecha.

GEt the message out.
Agreed 100%. I don't know why, but for some reason, this is really bothering me. I would love to see a DDMS post and I believe it's completely warranted
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: yitzf on February 20, 2017, 06:03:25 PM
From: February 15, 2017
http://www.timesofisrael.com/fbi-says-its-investigating-binary-options-fraud-worldwide-invites-victims-to-come-forward/ (http://www.timesofisrael.com/fbi-says-its-investigating-binary-options-fraud-worldwide-invites-victims-to-come-forward/)
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: Dan on March 07, 2017, 12:29:58 PM
Dan, I think this is DDMS worthy.

I would say within hours of a DDMS post these ads will be gone from all the above mentioned sites.
Links to more ads please.
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: AsherO on March 07, 2017, 01:16:54 PM
Was looking for the VIN ad and found this. Oh! The irony:

http://www.vosizneias.com/50250/2010/02/27/jerusalem-rabbis-forex-is-like-violating-sabbath/
http://www.vosizneias.com/250593/2016/09/27/ramat-gan-israel-from-israel-via-london-an-online-gambling-scam-traps-thousands/

Cognitive dissonance or stupidity?
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: googwallet on March 07, 2017, 03:52:28 PM
Links to more ads please.
Looks like some of the sites are no longer running these ads, probably because they have enough Purim ads to fill every possible hole.
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: aygart on March 07, 2017, 04:00:34 PM
Looks like some of the sites are no longer running these ads, probably because they have enough Purim ads to cover your entire screen with many times as many layers of pop  ups as spam sites
FTFY
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: Mountain Man on March 07, 2017, 07:02:26 PM
What's funny is that this is hardly a new practice. They used to have bucket shops where you could "buy" stock with insane margin but you never owned the stock. The bucket shops would actively manipulate the stocks in the real market to ensure they had the edge. I don't even believe you could call it gambling it was so rigged.

https://en.wikipedia.org/wiki/Bucket_shop_%28stock_market%29

This books has a great intro into the world of a Bucket Shop:

https://www.amazon.com/Reminiscences-Stock-Operator-Commentary-Livermore/dp/0470481595/ref=pd_sbs_14_t_1?_encoding=UTF8&psc=1&refRID=NDHYDEF05CM20RG443JS
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: Dan on March 07, 2017, 07:12:09 PM
http://www.theyeshivaworld.com/news/headlines-breaking-stories/484294/the-trader-whos-making-his-followers-rich.html
http://www.theyeshivaworld.com/news/headlines-breaking-stories/253378/the-most-exciting-market-for-investors-right-now.html
http://www.theyeshivaworld.com/news/headlines-breaking-stories/254715/three-reasons-why-forex-not-real-estate-is-the-best-investment-right-now.html
http://www.theyeshivaworld.com/news/headlines-breaking-stories/345319/3-perspectives-on-forex-success-with-trade24.html
http://www.theyeshivaworld.com/news/headlines-breaking-stories/416388/follow-the-best-traders-and-copy-their-success.html
http://www.theyeshivaworld.com/news/headlines-breaking-stories/419328/social-trading-the-biggest-trend-to-hit-money-markets.html
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: churnbabychurn on March 07, 2017, 07:19:47 PM
,😣
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: hvaces42 on March 08, 2017, 09:56:42 AM
Love the "communicated content" tag. What happened to saying advertisement? The way its presented by the website makes it just as culpable in the fraud. Passing off advertisements as just another news story in your thread of stories makes the website a willing conspirator in the perpetuation of the scam.
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: avremie on March 08, 2017, 10:31:24 AM
Love the "communicated content" tag. What happened to saying advertisement? The way its presented by the website makes it just as culpable in the fraud. Passing off advertisements as just another news story in your thread of stories makes the website a willing conspirator in the perpetuation of the scam.
when collive first ran it it didn't say advertisement or communicated content.
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: Emkay on March 08, 2017, 01:34:14 PM
http://www.timesofisrael.com/canada-calls-on-israel-to-ban-all-binary-options-immediately/
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: Drago on March 08, 2017, 04:11:21 PM
http://www.timesofisrael.com/canada-calls-on-israel-to-ban-all-binary-options-immediately/
TOI has been attacking the industry for a while now.
Their first article was the biggest, and they've had something new every week.
http://www.timesofisrael.com/the-wolves-of-tel-aviv-israels-vast-amoral-binary-options-scam-exposed/
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: lubaby on June 18, 2017, 12:44:23 PM
http://www.timesofisrael.com/canada-calls-on-israel-to-ban-all-binary-options-immediately/
http://www.timesofisrael.com/israeli-ministers-approve-bill-to-outlaw-entire-binary-options-industry/
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: zh cohen on September 24, 2017, 10:13:44 AM
https://www.timesofisrael.com/fbi-arrests-israeli-binary-options-ceo-as-she-disembarks-el-al-flight-at-jfk/
Title: Re: Jewish Websites Allowing Ads For The Binary Options Scam
Post by: Eliyohu on October 23, 2017, 03:44:24 PM
@KolHaolam: ISRAEL: Knesset unanimously passes law to ban Israel's binary options industry, a multibillion dollar scam that defrauded millions worldwide.

m....