Financial fraud in Israel

[u/Silver-bullit]

Binary options, crypto scams and other financial frauds, many originated from Israel or had Israeli players involved. I’m delving into the subject, finding out the Knesset banned binary option trading in 2016 for example as it tarnished Israel’s reputation.

This article states scams mainly originate from Arab Israelis because they don’t have acces to regular financial services? I don’t understand, what is going on?

https://www.timesofisrael.com/financial-offenses-tied-to-terror-funds-organized-crime-rose-sharply-in-2021/

[u/AutoModerator]

Hi everyone,

'Discussion' posts require users to choose an appropriate flair in order to participate.

Please remember the human & be courteous to others. Thanks!

---

Archived links	Video links (if applicable)
Wayback Machine	RedditSave
Archive.is	SaveMP4
12ft.io	SaveRedd.it
Ghostarchive.org	Viddit.red

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

[u/AutoModerator]

Hi everyone,

'Discussion' posts require users to choose an appropriate flair in order to participate.

Please remember the human & be courteous to others. Thanks!

---

Archived links	Video links (if applicable)
Wayback Machine	RedditSave
Archive.is	SaveMP4
12ft.io	SaveRedd.it
Ghostarchive.org	Viddit.red

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

[u/Carlsen021]

Here’s another recent case:-

https://www.timesofisrael.com/israelis-nabbed-in-philippines-are-tip-of-iceberg-in-alleged-fraud-gone-global/amp/