Tal Valariola is on Facebook. Join Facebook to connect with Tal Valariola and others you may know. Facebook gives people the power to share and makes the world more open and 11/07/ · Tal Valariola, son of an ex-senior cop, and Itay Barak, son of a director of public firms, accused of disseminating videos that lured in tens of thousands of alleged scam victims View the profiles of people named Tal Valariola. Join Facebook to connect with Tal Valariola and others you may know. Facebook gives people the power to 07/05/ · The Commodity Futures Trading Commission (CFTC) has filed charges against Daniel Fingerhut, Tal Valariola and Itay Barak and companies they controlled pertaining to Cayman Islands Monetary Authority; Dubai FSA; British Virgin Islands FSC; Mauritius FSC; Swiss FINMA; Bermuda Monetary Authority; View All ... read more
Apr Virtual Event Featured April 23, pm - April 25, pm EDT. Subscribe to calendar. Google Calendar iCalendar Outlook Outlook Live Export. ics file Export Outlook. ics file. Search Search. No contracts. Cancel anytime. SIGN IN. CFTC v. Daniel Fingerhut et al: Preliminary Injunction Motion Plaintiff's Motion for Preliminary Injunction in Commodity Futures Trading Commission v. This list may be updated as additional information is discovered.
The most current version will be available for claimants to review as part of the online Proof of Claim and Release Form. Commodity Futures Trading Commission v. Daniel Fingerhut, Digital Platinum Inc. Case No. What Happened in the Lawsuit? On November 17, , the Court entered the Permanent Injunctions, granting the Receiver the powers of a full equity, Permanent Receiver over Defendants Daniel Fingerhut, Digital Platinum, Inc.
The lawsuit is an enforcement action to stop Defendants from marketing the Investment Schemes and pay restitution to claimants defrauded by the Investment Schemes. What Do I Have to Do? To have an Allowed Claim, you have to fill out and submit the Proof of Claim Form. When you fill out the Proof of Claim Form, you have to promise under oath that these three things are true:.
If you do not meet these three requirements, DO NOT submit a Proof of Claim Form. You must submit the Proof of Claim Form by May 1, If you do not submit it by the deadline, you cannot get any money from this lawsuit. What Happens if I Submit a Proof of Claim Form? The Receiver will calculate how much money you are supposed to get from the lawsuit based on the amount you transferred to the Investment Schemes and whether you have already received any return of funds.
On May 7, the CFTC announced that it had filed a civil lawsuit against Tal Valariola and Itay Barak, their company Digital Platinum Ltd. According to the CFTC complaint, the defendants were affiliate marketers for various binary options and cryptocurrency trading websites. Tal Valariola is the son of Aaron Valariola, a retired Israel Police commander who led investigations into organized crime and financial crime.
Itay Barak is the son of Avi Avraham Barak, a former director of several publicly traded Israeli companies, including the telecom giants Bezeq and Pelephone. Avi Barak owns a 5 percent stake in Digital Platinum Ltd. The CFTC complaint alleges that the defendants created fraudulent marketing material that they sent to internet users through email spam or made available online.
The material included videos of actors who portrayed themselves as real people who had become rich trading binary options or cryptocurrencies. Posing with private jets and luxurious mansions, these actors promised to share their secrets for getting rich with a select group of viewers who signed up for the opportunity quickly. According to the complaint, these videos led to more than 59, customers opening binary options and other online trading accounts.
While affiliate marketing can be used to sell legitimate products like books or non-fraudulent apps, the part of the industry that pays the highest commissions tends to hawk products like fake pharma, online gambling, fraudulent forex websites, and binary options. The actual online brokers then go on to fleece their victims out of significantly higher sums, thus making the high commissions they pay to the marketers cost-effective.
According to the complaint, Valariola and Barak allegedly acted as intermediaries between the Florida-based Fingerhut, who allegedly created many fraudulent videos, and the owners of websites that the fraud victims ultimately lost their money to. The complaint does not name the websites that Valariola, Barak and Fingerhut allegedly sent traffic to, but many of these sites likely operated from Israel.
The CFTC lawsuit was filed in the Southern District of Florida and is a civil, as opposed to a criminal, enforcement action. The Times of Israel contacted Valariola, Itay Barak and Avi Barak for a response to the allegations but did not hear from them prior to publication. The fraudulent firms would dupe victims into believing that they were successfully investing and earning money, encouraging them to deposit more and more into their accounts, until the company eventually cut off contact with the investor and disappeared with all or almost all of their money.
After the industry was outlawed in Israel, many of its operatives moved their call centers abroad, while others merely changed the name and superficial attributes of the financial product they were ostensibly offering and continued to defraud investors as before.
The CFTC complaint describes how starting in October and through August , the defendants marketed digital assets like Bitcoin and Ethereum instead of binary options, but indicates that their alleged fraudulent activities were very much the same. Among the dozens of videos allegedly disseminated by Valariola and Barak was one called Fastcash.
biz and another called Push Money App. These videos played to the feeling many people experience in life of being stuck and unable to achieve the social status or financial comfort they aspire to. In Fastcash. I took it hard. I really hit rock bottom. My ex-husband had always been the breadwinner of the family. But I never knew my life would turn into what it is today. I happened to be in just the right place at the right time.
By the grace of God, it had to be. the universe is telling you something. The smartest traders in the world are there, because they know where the bread is buttered.
The CFTC complaint highlights how allegedly fraudulent business activity has penetrated the mainstream, even the elite, of Israeli society. Avi Barak himself owns 5 percent of Digital Platinum Ltd.
In , he is reported [ Hebrew ] to have orchestrated the bust of an Israeli-Pakistani-Serbian drug smuggling gang in collaboration with police from other countries. At the same time we updated the German police, after we learned that some of the investors in the drug deal were German criminals. We synchronized our activities with three police units worldwide that all followed our [drug smuggling] boat.
A legal dispute that Itay Barak and Tal Valariola had with one of their clients, the binary options broker EZTD , sheds light on how the young men got involved in affiliate marketing.
The online gambling industry began to spread in Israel in the mid-aughts, despite the fact that gambling is illegal in Israel. It rained down money on many of its participants but faced challenges processing payments. How and why Israel became a hub for online gambling, online financial trading and payment processing for fraudulent e-commerce is a story that remains largely untold. The CFTC complaint throws into stark relief the failure of Israeli law enforcement to prosecute any binary options operatives on charges related to their binary options activity a few have been charged with unrelated offenses.
This has led to a situation where thousands of unprosecuted fraudsters are walking around Israel enjoying their ill-gotten gains and suffering little social stigma or fear of punishment, except on the few occasions when a foreign law enforcement body brings charges against a small portion of them. So far, the United States Department of Justice has prosecuted about two dozen Israeli binary options operatives, while the SEC and CFTC have brought civil charges against numerous others. The CFTC thanked the Israel Securities Authority, the Federal Bureau of Investigation, the Securities and Exchange Commission, and the Department of Justice for their assistance in the enforcement action.
The CFTC staff members responsible for this case were Candice Haan, Allison V. Passman, Joseph Patrick, Susan J. Gradman, and Scott R. Did you know that we publish an Arabic version of The Times of Israel? And a Persian version for Iranian readers?
So now we have a request. But as the journalism we do is costly, we invite readers for whom The Times of Israel has become important to help support our work by joining The Times of Israel Community. Tal Valariola at the Digital Platinum Ltd. office in a Facebook photo dated November 28, Facebook screenshot.
Sign up for the Tech Israel Daily and never miss Israel's top tech stories. Newsletter email address Subscribe By signing up, you agree to the terms. Itay Barak, one of the owners of the Israeli affiliate marketing company Digital Platinum Ltd.
which was accused of fraud by the CFTC LinkedIn. Digital Platinum employees ride a mechanical bull outside their office in Herzliya in a photo dated November 26, Facebook screenshot. Avi Barak Facebook. Aaron Valariola in Facebook. Thank you, David Horovitz, Founding Editor of The Times of Israel.
Most Popular. Satellite image shows damage to Aleppo airport after reported Israeli raid. New biography delves into mysterious backstory of billionaire banker Edmond J.
Russia said to tell Iran to leave Syrian sites amid rise in apparent Israeli strikes. Israeli systems that charge electric vehicles in 15 minutes to deploy in Europe, US. US inks deal to sell Israel 4 refueling planes needed for potential Iran strike. New York law on Nazi-looted art aims to shine light on lesser-known Holocaust evil. View comments Hide comments. close popup. Sign in or Register. Or Continue with By registering you agree to the terms and conditions. Send me The Times of Israel Daily Edition.
Register to continue. Or Continue with. Log in to continue. Please try again in a few minutes.. Please try again or choose an option below. We sent an email to you at. Click the link in that email to complete registration so you can comment.
Stay updated.
07/05/ · May 7, @ pm By JD Alois The Commodity Futures Trading Commission (CFTC) has filed charges against Daniel Fingerhut, Tal Valariola and Itay Barak and 14/07/ · Tal Valariola is the son of Aaron Valariola, a retired Israel Police commander who led investigations into organized crime and financial tal valariola. Itay Barak is the son of Avi 11/07/ · Tal Valariola, son of an ex-senior cop, and Itay Barak, son of a director of public firms, accused of disseminating videos that lured in tens of thousands of alleged scam victims Share your videos with friends, family, and the world Tal Valariola is on Facebook. Join Facebook to connect with Tal Valariola and others you may know. Facebook gives people the power to share and makes the world more open and Cayman Islands Monetary Authority; Dubai FSA; British Virgin Islands FSC; Mauritius FSC; Swiss FINMA; Bermuda Monetary Authority; View All ... read more
Forex que es un pip. These videos played to the feeling many people experience in life of being stuck and unable to achieve the social status or financial comfort they aspire to. The material included videos of actors who portrayed themselves as real people who had become rich trading binary options or cryptocurrencies. After the industry was outlawed in Israel, many of its operatives moved their call centers abroad, while others merely changed the name and superficial attributes of the financial product they were ostensibly offering and continued to defraud investors as before. Virtual Event Featured December 5 am - December 9 pm EST. So far, the United States Department of Justice has prosecuted about two dozen Israeli binary options operatives, while the SEC and CFTC have brought civil charges against numerous others.
Labels: The CFTC complaint alleges that the defendants created fraudulent marketing material that they sent to internet users through email spam or made available online, tal valariola. Itay Barak, one of the owners of the Israeli affiliate marketing company Digital Platinum Ltd. Posing with private jets and luxurious mansions, these actors promised to share their secrets for getting rich with a select group of viewers who signed up for the opportunity quickly. A legal dispute that Itay Barak and Tal Valariola had with one of tal valariola clients, the binary options broker EZTDsheds light on how the tal valariola men got involved in affiliate marketing. Register to continue. So far, tal valariola United States Department of Justice has prosecuted about two dozen Israeli binary options operatives, while the SEC and CFTC have brought civil charges against numerous others, tal valariola.