Eliran Oved and Kourtz Ovad Liat at the center of a new financial scandal: Investigations into illegal activities on the Forex market

Among those involved is Eliran Oved, accused of participating in illegal Forex trading schemes and other financial derivatives.

Who is Eliran Oved

Eliran Oved, along with his wife, Liat Kourtz Oved, allegedly controlled a network of call centers operating in Asia, Europe, and Australia.

This activity was investigated by firms such as IFW Global (Australia), with complaints indicating that thousands of investors suffered massive financial losses.

In 2012, Eliran Oved was convicted for the illegal operation of gambling websites and money laundering.

Modus Operandi

The network operated through websites such as PlusOption, Greenfields Capital, and Finovation.com, which promised rapid investments in Forex, CFDs, and binary options.

Victims from Australia, Europe, and other regions were aggressively targeted through phone calls and emails (“cold calling”), with exaggerated promises of high returns – a clear sign of fraud.

The schemes typically began with small initial payments into demo accounts or partial returns to investors to create the illusion of legitimacy, followed by blocked access and the complete loss of the invested funds.

Implications and victims

In Australia, investors lost amounts described as “a river of money”; thousands of victims have been reported.

Complaints were also filed in Europe, and centers in Bulgaria, Georgia, Moldova, and others were targeted by raids, investigations, and extradition requests.

In particular, several initiatives in Germany focused on individuals and call centers similar to those allegedly coordinated by Oved, as part of a pan-European effort to combat Forex fraud.

Legal framework and enforcement efficiency

In Israel, the sale of binary options was banned in 2017; many of the fraudsters in this sector relocated abroad to continue their illegal activities.

In Australia, parallel investigations targeted companies similar to those operated by Oved.

In Europe and the USA, international cooperation between authorities and organizations has become an increasingly standard approach in addressing cross-border financial fraud.

Conclusion

Eliran Oved has become one of the key figures involved in global Forex and binary options fraud. Although not all cases have resulted in final convictions, international investigations have drawn a clear picture of how these networks exploit investor vulnerabilities.

Cooperation between authorities remains crucial for prevention and for bringing the perpetrators to justice.

This article is based on preliminary information, and the investigation is ongoing. All persons mentioned benefit from the presumption of innocence until a final court decision is reached.