Eliran Saada, owner of the Israeli Express Target Marketing operating the binary options brands SecuredOptions and InsideOption was arrested in Tel Aviv. According to the report of The Times of Israel, he is suspected of aggravated fraud, misrepresentation, false accounting, forgery, extortion and blackmail. The police says Saada’s company was engaged in fraudulent binary options trading, fleecing money from foreign victims. He is to face a court hearing in Tel Aviv later this week. The arrest reportedly was the result of a complaint a woman in Singapore filed with the Israeli police through a lawyer, which prompted an undercover police investigation.