Former top FBI officer warns: Israeli law enforcement lax, reforms needed

Binary options fraud is tied to transnational organized crime, a former senior FBI official told The Times of Israel, and some of the money stolen from victims may be funding even “darker” criminal actors such as kleptocratic regimes, human traffickers, arms traffickers and terrorists.

Speaking from his office in Washington, DC, Joseph Campbell, aformer assistant director of the Criminal Investigative Division of the FBI, who oversaw 6,000 special agents including operations of the Internet Crime Complaint Center until August 2016, said transnational organized crime networks (mafias from all over the world working in collaboration) have been attracted to Israel because “they identify corruption and lax law enforcement.”

He said that an FBI team’s visit to binary options firm SpotOption in Israel earlier this month indicates to him that

... read more at: