Owner of Express Target Marketing arrested in Tel Aviv

Eliran Saada of Express Target Marketing, which has operated the SecuredOptions and InsideOption binary options brands was arrested and is now in front of a magistrate for fraud and making threats, something quite common among binary options brand owners.

Following a complaint filed through a lawyer by a victim overseas, whom The Times of Israel understands is a woman from Singapore, Tel Aviv District Police launched an undercover investigation that lasted several months, culminating in Monday’s arrest of Saada.

A police statement alleged that the company engaged in the fraudulent practices widespread in the industry, as exposed by The Times of Israel in a series of articles dating back to March 2016. The victim, the police said, was duped into parting with her money by representatives of the firm, who misrepresented themselves, used forged documentation, and took from her more than half a million dollars.