Israeli media reports on Thursday revealed a Securities and Exchange Commission scandal in the United States involving several online casinos within the Affactive, Netad Management and RevenueJet groups, which have closed up shop leaving both affiliates and players unpaid.
The news doesn’t come as a surprise as the groups have a reputation for bad conduct like not paying, spamming, search engine manipulation and DDoS activity.
The SEC violations are related to fraud, money laundering and identify theft believed to be carried out in "pump-and-dump" style white collar crime in penny-stock manipulation scams. This activity has allegedly taken place over a period of years producing $2.8 million in revenue.
The news has resulted in the arrest of Gery "Gabi" Shalon and Ziv Orenstein in Israel this week as requested by the US Attorney for the Southern District of New York. They are being held without bail as they await extradition to the US.
A search of Shalon’s home revealed a stash of two million shekels (about USD $520,000) in cash.
A third individual, American citizen Joshua Samuel Aaron, is also a suspect in these crimes and is rumored to be hiding out somewhere in Russia.
The SEC described the fraudulent "pump and dump" stock market activity in a statement:
“Aaron and Shalon allegedly wrote and designed the e-mails, Shalon allegedly disseminated them, and Orenstein allegedly provided essential operational support by handling brokerage accounts using numerous aliases.”
Details regarding the allegations are available from the following resources: FBI, CNBC and US DoJ Sealed Indictment.
sharpe
9 years ago
Super Hero
Hope that alll these cheaters will spend long, long time in jail. I still wondering why after the casinos from these groups have such a bad reputation there's still have players who risk their money playing at them. The important thing is that at least this casinos are closed now and the cheaters on the market are a little...
Hope that alll these cheaters will spend long, long time in jail. I still wondering why after the casinos from these groups have such a bad reputation there's still have players who risk their money playing at them. The important thing is that at least this casinos are closed now and the cheaters on the market are a little less.
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Magic Flowers
9 years ago
Sr. Member
hopefully that rep of these groups carla from israel, is now in prison too. the liar accomplice, that always 'checked' for long periods between departments to solve laughable matters such return of deposit - humiliating the player until he got the money, deserve US sentence, the highest on Earth. almost i was banned here...
hopefully that rep of these groups carla from israel, is now in prison too. the liar accomplice, that always 'checked' for long periods between departments to solve laughable matters such return of deposit - humiliating the player until he got the money, deserve US sentence, the highest on Earth. almost i was banned here because of that *****. sending money in any form or packages of goods there is like burning them. so burn them and admire the smoke instead.
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cheztwins
9 years ago
Hero Member
i hope they all run across bigger bullies than themselves. Their greed and disrespect for others will eventually land them in a situation that they cannot scam themselves out of. I truly believe if you lie and steal from people , it is just a matter of time until you lie and steal from the wronh person....and then find...
i hope they all run across bigger bullies than themselves. Their greed and disrespect for others will eventually land them in a situation that they cannot scam themselves out of. I truly believe if you lie and steal from people , it is just a matter of time until you lie and steal from the wronh person....and then find yourself in a shallow grave somewhere.
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jade
9 years ago
Super Hero
I don't anything know anything about this and that's a good thing. After reading this article, I agree with Zuga, they are getting what they deserve. I hope they will be able to catch the one they think is in Russia because there is already one American over there that isn't going to be coming back anytime soon. I would...
I don't anything know anything about this and that's a good thing. After reading this article, I agree with Zuga, they are getting what they deserve. I hope they will be able to catch the one they think is in Russia because there is already one American over there that isn't going to be coming back anytime soon. I would hate to think that Russia is going to help another American criminal escape prosecution. Let's hope that all involved will be brought to justice swiftly.
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zuga
9 years ago
Admin
cant say im sorry... they got what they deserved
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Bitspender
9 years ago
Super Hero
In my James Brown voice, "I FEEL GOOD..."
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okotomi1
9 years ago
Sr. Member
The poop players that trusted the Group and are now waiting for cashouts to come.
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