Affactive linked to ‘pump-and-dump’ arrests
Israelis Zyi Orenstein and Gery Shalon together with American Joshua Samuel Aaron have been arrested with regard to their involvement in a penny stocks ‘pump-and-dump’ spamming operation.
The scheme is alleged to have earned the trio in the range of $2.8 million.
Furthermore, Orenstein and Shalon have been linked to Affactive, the infamous rougue online casino group based in the Netherlands Antilles.
Affactive has been accused of running similar spamming operations. The group is also believed to have been behind a Google hacking campaign aimed at promoting its services.
The trio’s pump-and-dump operation ran over a number of years, centring on spam emails which implored the recipients to purchase certain penny stocks. These shares were then sold in double-quick time once their valued soared.
The fallout from the arrests has led to fingers being appointed both at Affactive and an as-yet-unnamed New Jersey credit union.
According to flushdraw.net, Affactive is “an affiliate operation long since declared rogue.”
Sites associated with the company include Win Palace Casino, Casino Titan, Slots Jungle Casino, Jackpot Grand Casino, Grand Macau Casino and WinpalacePlay. All of the aforementioned claim to be licensed by the fictitious Curacao Gaming Commission.
Given the sums involved and the reach of both the schemes and the subsequent investigation, the Affactive affair looks set to run for some time to come.
All future developments will be reported on by RightCasino.