Ilan Tzorya’s Large Scale Binary Option Fraud

Based on available information, Ilan Tzorya, controversial binary options artist, is the owner of as well as Currently, he utilizes offshore companies located in Marshall Islands, Samoa, and Panama, to hide illegal activities. Details regarding these companies are presently undergoing verification.

Tradologic, Krypton Capital, and Ilan Tzorya were behind notorious sites which functioned as trading platforms. So-called boiler rooms, or the finance call centers served numerous binary options as well as FOREX platforms.

More About Krypton Capital

Krypton Capital, with an official headquarters located in Sofia Kiev, Malta, Bulgaria, and Ukraine, is operated by scam artists and an international group of managers. Some of these people are from Romania, Bulgaria, Israel, and Albania.

Aside from various Binary Options and FOREX brands, the company offers services for platforms like OptionStarsGlobal as well as OptionStars which are operated and owned by Ilan Tzorya and Michael Golod, along with a big cyber circle.

Krypton Capital

Expanding Fraudulent Platforms

Emarketstrade OptionStars alongside other various platforms is associated with Ilan Tzorya and Krypton Capital. Such entities serve as transmitters of money and handle custody accounts, according to different financial market authorities. They also operate other large platforms like zoomtrader option888.

Other Binary Options Platforms

The CySEC-regulated financial service provider plays a significant role within the binary options network. At the same time, platforms like ZoomTraderGlobal, ZoomTrader, and Option888 or OptionBit, were also targeted by financial authorities based in North America, Asia, and Europe. These platforms were established or at least associated for a time with Ilan Tzorya.

Despite being fined on a recurring basis with high penalty fees by CySEC, the financial service provider’s license remain active and still not withdrawn. CySEC is known for having relaxed standards especially on compliance as well as investor protection.

For the past couple of years, Ilan Tzorya continuously operated several binary options platforms that were shut down, which contributes to potential loss of millions of client assets. In 2016, the AMF (French Financial Market Authority) forecasted that despite having a regulated financial service provider like Novox Capital, approximately 90% of clients lose money in Binary Options and FOREX transactions.

With scammers becoming more innovative these days, particularly in doing investment fraud, it is important to understand some of the most common fraudulent acts which fall within the following themes:

  • Pyramid schemes take place when a fraudster claims that they’ll be able to convert a small investment into a large profit in just a short period
  • Ponzi schemes happen when a “hub” or a fraudster gets money from investors and utilizes it to settle purported returns to those earlier-stage investors, instead of investing the money as agreed
  • A pump-and-dump scheme is when fraudsters deliberately purchase shares of a low-priced stock and spread wrong information so they can drum up the interest, which increases the stock price.