Ori Nagar, 37, accused of large-scale investment fraud by Germany, latest in string of alleged Israeli investment scammers targeted by prosecutors in Bavaria and elsewhere

Report by government agency highlights efforts to combat 'increasingly sophisticated' methods of financial crime

Authorities say Yuri Dashevsky is part of an organized gang that from 2015 to 2019 persuaded investors to invest in fictitious financial instruments

Germany requesting extradition of Israeli citizens Pavel Kotler, Yuri Dashevsky, Nimrod Blachman and Chen Malka for multimillion-dollar binary options and crypto fraud

Raid on Petah Tikva call center carried out at request of German police; group allegedly persuaded investors to invest in fictitious financial operations, authorities say

The pair are among a group arrested for alleged massive fraud and money-laundering offenses at the behest of the FBI

Suspects detained for allegedly scamming tens of millions of shekels out of victims abroad; parallel arrest raids carried out in other countries

People who say they lost large sums to fraudulent trading firms are seeking justice in civil court, though they face webs of shell companies and opaque ownership structures

On May 11, police in several countries carried out arrests and searches in connection with the allegedly fraudulent websites: Tradorax, Tradervc, Kayafx, Kontofx and Libramarkets

Police have arrested 23 suspects in Kosovo, Bulgaria and Berlin who allegedly operated fraudulent forex, CFD and crypto websites