Source: National Cyber Security – Produced By Gregory Evans
This past Tuesday, federal officials announced that four men had been arrested based on an investigation in to a pump and dump penny stock scheme as well as Bitcoin operation. After the announcement of the arrests, with the individuals being from Florida and Israel, the iGambling community has been able to connect two of the arrested men as the owners of as many as 13 online casinos. Included in the long list of casinos are Casino Titan and Loco Panda. The New York Times described the fake investment scheme as one that spanned across three continents and included operations in Florida and New York, along with Russia, Cyprus and Israel. Israeli authorities arrested Ziv Orenstein and Gerry Shalon, the two men connected to the online gaming websites. The FBI would like to extradite the two men to face charges in the US despite the fact the two are citizens of Israel. A fifth man is still wanted by police, Joshu S. Muel Aaron, as he is believed to be involved in the scheme as well. The individuals arrested now face charges that include: Securities Fraud Wire Fraud Aggravated Identity Theft Conspiracy to Commit Securities Fraud Conspiracy to Commit Wire Fraud […]
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