 Hi guys, welcome back to my YouTube channel. This is Daniel Rosal here today. We have a fascinating interview Taking place this one's a little bit different than my usual interviews for reasons that will shortly become obvious Amazing article came out in the times of Israel by Simone a wine glass a couple of years ago called the Wolves of Wall Street talking about the predatory binary and forex scam industry Existing in Israel bringing great great shame upon the country's name internationally It turns out that quite a number of people especially immigrants were employed in operating these companies from Israel Typically domiciled in a different country with lax regulation and basically defrauding people around the world as a form of making money. This is obviously very very bad Israel has attempted to curtail the industry apparently but not 100% There are still a lot of victims out there and we've been lucky enough to get in touch with one of those victims Today based in Paris, France. So firstly Jean Bonne I believe is your name. Could you tell me tell us a little bit about Who you are and what this what this brokerage is In fact, I'm one of the anonymous pig That is to say we are all victims from this kind of scammers They approach you through one of your relatives or someone, you know, which is also a victim. They're manipulating to Give you trust on them and you give them a new by giving them or the name and it comes from somebody, you know You are trusting it and they use this trust to really scan you So just for the clarity of this conversation because for for these reasons Jean Bonne who's Bravely agreeing to tell a story is going to be his face is going to be obscured Voice changed slightly and also just for the to protect. I guess ourselves. Basically, we're not going to be referring to the real Fraud brokerage by name. We're going to just be referring to Broker X throughout this conversation. So broker X is the organization that scammed Jean Bonne and his father. So Jean Bonne, how did your father get involved in investing with broker X one of his relatives Broker X and he was really starting. He was profitable. He was working He has made some Withdraw which has no problem. So they are really really make everything to Make you think you are having a real account but In truth I've tried as a crypto money Transaction and this does never go to a trading account and then when we want to Take out our profit Which in fact was a loss because all your deposit are lost. This is something you really have to know Then it's taking we're going into trouble and they Try to threaten you say we will send you our lawyers our advocates. You will lose your money Well, so and so and so some of these victims you have really to behave are possible and A lot of people are really on shame. So they don't want to say they have been scammed and Especially when it comes to because you send maybe some other people friends or relatives or somebody else from your family So this is really a lot of people doesn't want to speak for this and also authority local authorities They investigated it a few of them go to jail, but very very few most of the time It's just stop at the border of your country and they don't investigate Right. So what one of the very interesting things that was came out in Simona's coverage is The fact that these companies many of whom are based in Israel I'm sure there's lots of companies not based in Israel, but they typically have their registered office in Cyprus Malta broker ex I believe is based on summer like Some obscure island and so you've got a lot of very complicated factors The company's not where it says it is the victims in a third country and trying to prosecute this has been very difficult In fact, it was I think the first prosecutions For this scam actually came from the FBI in the US Which is again as someone based in Israel I have to say really really shameful that it took a foreign law enforcement Agency to bring really the first Prosecutions of this type of activity. So for those who don't know about this world of trading, you know forex binary Jambon, can you explain what it was exactly that this is is it like the stock market or what crypto what kind of What kind of trades where you were you doing here? You sign the deposit your account on the meta trader is credited, but in fact, it's a fake account So you don't realize you are you are scammed. They speak you they Tell you they ask you to have a see on your computer on your phone to install all the app to starting the trade So basically what you're saying is you know in the case of this guy now I'm sure the different forex brokerage houses have different tactics, right? You're saying it sounds to me like basically you put real money Deposited into this company, but it was it was all it was all of I mean it went in that your money went in But it went into a black hole They then showed you fake data that made it look as if you were making money on the trades, right? But it was all just basically a fiction and your money disappeared And you never got back anything that you that you supposedly made whether it was a if you actually did Make a profit Transfer you you make the operation they help you to put the biases and they say, okay, we should do on this or on this You go on Facebook you go on whatever You have everything is open with meta trader you can trade on commodities on stock option on Crypto money cryptocurrency story. So everything is It's open and they say you okay go on this Seller take a purchase take a buy on this part. Take a sale on this and You see your profit are growing and when you to give you confidence Also, when you want to take money back the first withdrawal are possible with 1000 euro or they do a small feedback to really make you believe that you can take it back But the money is a crypto money. I traced it Never go to the account because it's not This account is in euro and in dollar It should be through an exchange and you can definitely see it. It does not go to an exchange. So It's on the broker X part So you're saying that when when you finally make some profit through this platform They allow you to withdraw the first amount nominal amount to give you confidence That it's working, but then you try to withdraw further amounts and it just doesn't doesn't reach you It is a bit meanest when you start You start it's walking you have some profit. So you are happy. They call you weekly and everything is going good They're very nice to you whatever then they say okay if you invest more we will Borrow you 10,000 euro 25,000 euro and You give this back this morning within one month and I will have to do the right things To make this money even more profiteble. So you and you will pay back in one month They make kind of a contract like this This is and to because you have to pay it back To give you confidence say, okay, take a Take do a withdrawal of one or two thousand euro try to act your mind in fact To be a scam further and further and then went everything doing bad After when they have they think they have enough money or they cannot do more they put your account in They give you either a bad advice or they can manipulate also your account It's a fake anyway account. So you can do whatever you want The stock price are real Optional real, but if you are trading a demo account in fact, so how how did you figure out that this? Broker X operation was based in Israel because they all all these operations try to hide their actual country, right? So how did you figure that out and come across? this wolves wolves the Wall Street coverage so When I realized this was a scam I was I Looked a bit further on the internet. So I have some abilities in our king and awesome So this does help of course Not that much because I was God Because of the trust so I just helped me to late, but it helped me and also I find some Association we are protecting People's and costumers We'll go also give me this information. We know this company We know also a national agency. We report them as a fraudulent company. There was a blacklist so for example a book Eric's is blacklisted in AMF from France and from Canada, but also an outlawed in many other In Luxembourg, Switzerland and all the country like this, which are working the other way in white list So maybe one advice also when you have one of those kind of a broker I've looked with a white list of the different country or the blacklist This key this can give you in or you should not work with so I I mean I try to find the The Israel connection and fail. So how did you manage? I'm very curious about because you mentioned, you know, oh sin So what exactly did you do that was able to? to find the site first Research the search engine and you have a lot of techniques to people have developed initially stuff in this block by FBI So I know it's getting more and more common and a lot of things have been disclosed and if you know a bit of to code and you can It's a bit of walk, but you can give you can get a valuable information of the web also the association which have a treat and which have Walked on file either from other victim I'm discussing with victim worldwide because you have Many different they really play on the fact on the fact you are alone and it's easy to fool somebody alone But if you have a group, maybe I will understand the part another person will understand another part and the crossing this information We can fight against this and also a very good source of information is Forexcan refund you have a lot of a refund company that Some are real and I'm not saying they're all about but some are fake and Are really from I think it's the same teams or friends And they just try to scan your second time to say we will return you and To give you confidence And crossing this information Help me that's the way Why so you're saying there's not only an industry of you know, which is known of these are fraudulent Forex binary companies. There's actually an additional industry of companies that pose as You know the good guys right to get your money back And they're operated by the same people and they're working hand-in-hand effectively I Mean it's a it's a crazy world of smoke and daggers that I mean, this is my impression I've never never done this myself, but it sounds like you're always wondering who's a friend Who's a foe? What's real? What's fake? One thing I'm interested about is how you found this first. Well, I have two questions Jean Bonne One is when did this happen because you know, I think this wolves of Tel Aviv article came out a couple of years ago And as I mentioned, I know there was some effort here to regulate this I'm just curious was are we talking years months when when were you defrauded? He was I stopped a bank transfer yesterday and Some one year ago some two years ago It's really all the time. Believe me. I have seen from the Tracing of the money of the cryptocurrency tracing. You have written every day every single day This is something we really need to do something about if you're not alone And if we are a lot now, we would be a lesion because as an anonymous pig It's in fact all the victim by standing up together by communicating on these Issues and make it notorious. We will reduce them and maybe give a chance to For them to stop. So I mean it it sounds like this activity is very much ongoing that you know, these attempts to To Bring this to a halt have either not worked at all or they've certainly not worked completely and this basically one I just add one thing is Something being me being based in Israel. I've seen as well, right? There was this law that supposedly These forex and binary being shut down. There is these job boards like you have I'm sure in France and you still see occasionally not as maybe not as many as there were but job listing So this is an industry that is unfortunately as Jean Bonnet is saying still active still defrauding people I'm curious for the victims. How are you guys finding each other? we have a good good thing is social network and if you start that was also one part of my strategy and the strategy of the innocent pig because we have built it together is to start a name and shame a strategy to make it notorious and our vector communication was you know, but also by sending Content to the web. We attract people people look at it and People don't go back to us saying okay. I'm also a victim. I won't be a one of the innocent pigs This is the way we are growing. Yeah Unfortunately, we are going to be too fast why countries. Are you seeing most of these? Victims coming from obviously you're based in France. Are you you know, are there people based in is it Europe the US? Where where where would you say are most of the victims you've messed so far located is the book? I'm on the French department of I'm just curious as well in your conversations with broker X. I presume you spoke on the phone a number of times and Did the people tell you where they were based? So they they pick they pick a credible country to explain the French speaking basically A couple more questions so why as I meant as we said at the start the Jean Bonne is obviously an alias Which is which is very very clever if I may say so myself Are there any victims who have been prepared to actually go public with their real identity? That you know of or are not yet As no identity because Jean Bonne is one of the victim and we are victim every day Jean Bonne is a legion of victim standing up against the people who want to through them So that's why Jean Bonne has no name Because each I know you speak as a name as an history as a family Goes a lot more much more trouble than just the money you have lost Jean Bonne will never stop because he is everyone and no one and this is a Massive strength It's a team in fact behind Because investigation I spent months investigating alone trying to build the network And one strategy was okay was ready. We start to go out of the woods Do you think Jean Bonne with this family that you're building this network? Do you think you're going to be able to get these guys to stop scamming people? And I think I think as well I mean the reason that I was really interested in doing this interview to be honest was you know I haven't been scammed from my perspective The more knowledge that's out there about you know their techniques, right? There are trade crafts so to speak the better for potential victims So if you were telling someone, you know, who hadn't traded Crypto or binary or forex online or whatever it may be What would be your tips as to red flags to watch out for that you may be dealing with a scam operator? You have a lot of things so all the websites were really Famous for this are listed. So this is first option second look to the website of the Governmental agency will give you a blank list or a wild list depending the country have a look to this because Forex scam reported Yeah, it's a pity to go over there And the third one because one website is start is the certain amount of time and when there is Too much red flag on this one they close it and they open another one So what I would give you as advice It's a simple tip. You go to the internet and make a wheeze request on the domain Everything that is less than three years Be really really really careful If the website exists that more than a five year with the same name And you find a no trace on the web that It's really a scam. Maybe you can consider to think This is something possible So if I can stop you there jump on for one sec. So obviously You know anyone who owns a website knows that you can pay like 10 dollars to anonymize the who is data, right? So for sure it's not going to say, you know Oh, here's the scammer. They're based in this country But what Jean Bonne is saying is you're looking for young domains that I presume You're the oscent expert here that you can find out Approximately when a domain maybe DNS changes those records So you basically these guys are on the move. So as soon as one reputation is tarnished And by the way, I want to I want to add one thing because I'm also quite interested in this world I did a bit of freelance writing back in the day Um, I'm not really doing that so much anymore, but I came across this Sort of attached industry called orm. It stands for online reputation management And this was when I just moved to israel and I was like, you know, quite naive and I was like, what is this? So basically what it does these orm companies create fake news In order to if there's, you know reports about sort of this company being a scam They'll put up articles about this being legitimate to rank higher in google So again, I come back to this cloak and daggers analogy There is misinformation being propagated They're making new identities as one online identity becomes too Problematic so one one way john bannett. That's an amazing tip is to look up the who is whatever you can do to see Is this new domain? What what else would you recommend? Maybe to make it more clear you go on the website with the movies Most of the time the name we with this and you you have the dates Where's the domain the domain name has been Published so it's every is free to have this information. It takes five seconds if you have a navigator you can find it So this is really a very simple easy everybody can do it. You don't need to be a computer expert or whatever for me, this is the first thing to discover or make me think about it before giving and second part is never invest More money than you can afford to lose That's also a tip because I've seen some victim with Really huge huge amount of money people losing their house or Life consequence for people is really dramatic sometimes because it makes you believe You have earned some money and in fact you have lose it. You can have an account with 200 300 000 of dora and In fact, it's zero but this guy I've lost more than one thousand dollars. So You really really have to be careful on trade. You should not Put big money on this one whatever is And take your profit as soon as you have made it take your profit back Right because and that's that's I think another really interesting tactic you mentioned is uh This is trust building tactic of a first real deposit, right? That you know the company if they're scamming this guy for one million they can easily afford to pay you A real deposit of one thousand for you to say, hey, this is great. I'm making money Then you put in ten thousand and then obviously at some point they decide well We're just gonna keep this money now and that's it. Goodbye. So uh jambon. I want to thank you for sharing all this information I think it's gonna help a lot of people. Hopefully both those who were curious about the operation of this And those you know who are gonna be disappointed like me to learn that this is still going on Anything else you want to add before we wrap up? We are not agree with this and wishing this should stop Could join us be anonymous big to help other victim to speak about it to spread the message everywhere uh To make a life of forex scam your order if we are if there is no victim there is no forex throat anymore step by step we will probably Make their life more difficult I don't want to be too ambitious, but uh, yeah, I think this is the first time The victim uh react. This is a message I want to Send them and when you're not one, but you are not a people you have networks. You can do some things and uh name and shame Okay, thank you jambon