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Banc de Binary was one of the big binary options brands. In March 2016, the U.S. Commodity Futures Trading Commission (CFTC) announced that the Israeli Oren Shabat Laurent and his companies E.T. Binary Options Ltd, Banc de Binary Ltd, BO Systems Ltd, and BDB Services Ltd had to pay $7.1 million in restitution to U.S. customers. Oren Shabat was also ordered to pay a $2 million civil monetary penalty. According to our whistleblowers, he is also connected to the InvestXE broker scam. We cannot confirm or falsify this information at this time and would like to know more.
According to the information on his personal website, Oren Shabat Laurent is currently invested in the real estate sector in Israel. On LinkedIn, he states that he is the CEO of Blockchain Fund (www.blockchainfund.li) which is registered in Liechtenstein. He also remains massively involved in the brokerage and trading space through his marketing firm Sierra Media Ltd d/b/a Gladio (www.gladio.com) and his Estonian crypto exchange XShop OÜ d/b/a Ibinex (www.ibinex.com).
The crypto-based broker InvestXE (www.investxe.com) is allegedly operated by InvestXE Capital LLC a/k/a InvestXE LLC, registered in St. Vincent and the Grenadines. However, it is likely that the broker runs on the servers of PandaTS in Cyprus and thus in the EU. The broker is active in four languages: English, Spanish, Italian, and German. According to the Financial Services Authority (FSA) records in SVG, InvestXE Capital LLC was registered in November 2020 with the registration number 675. This offshore entity was founded by the notorious Wilfred Services Ltd, which was a founding helper for hundreds of other scam operators.
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