RiskWatch: Investigative Reporter Simona Weinglass Talks Combating Fraud


Vcheck Global had the opportunity to speak with Simona Weinglass, an investigative journalist for The Times of Israel, earlier this year about her 2016 investigation into Israel’s binary options industry, The Wolves of Tel Aviv, which was awarded an honorable mention in the Trace Prize for Investigative Reporting competition. Notably, Simona’s work resulted in the binary options industry being banned by the Knesset.

Our conversation touched on topics of interest to both consumers and providers of investigative due diligence, including the global nature of internet-based fraud, obstacles impeding public awareness of fraudulent industries, and how COVID-19 led to a rise in online financial scams. 

This conversation covers:

  • 1:13 – 4:39 Simona’s path to investigative reporting
  • 4:40 – 6:22 Enforcement challenges posed by globalization
  • 6:23 – 7:52 Challenges raising awareness of internet-based fraud
  • 7:53 – 10:02 The Wirecard Scandal and “the shady side of the internet.”
  • 10:03 – 12:31 The efficacy of global regulators and law enforcement
  • 12:32 – 15:00 How reduced advertising revenue hampers global fraud reporting
  • 15:01 – 17:04 Why knowledge of internet-based fraud remains limited
  • 17:05 – 17:59 The pandemic’s impact on internet-based fraud
  • 18:00 – 20:06 Tips for researching Israeli companies and conducting business in Israel
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