The following video from 2015 shows a number of binary options and forex scams that operated as a white label solution of PandaTS and praises the company of Maor Lahav and Shmuel Gutman. Among them 10Markets, 99Binary, AlphaTrade, or CTOptions. PandaTS has been in the industry for many years and therefore the data seized by German law enforcement agents is probably a goldmine for their forensic team. Convicted Israeli cybercrime activist Gal Barak was also a customer with his scam brands XTraderFX and SafeMarkets.
It is also clear as daylight from the perspective of law enforcement analysts that PandaTS knew that many of its clients were running Gal Barak scams as a white-label solution. Barak also told PandaTS in his confession in court that PandaTS was responsible for the fraud. He has motioned the court asking to raid PandaTS‘ offices in Israel and Cyprus and conveniently provided the addresses. This was followed by the law enforcement people.
