High wages and company perks
Clients who were thought to have deep pockets were passed to “retention agents” – more aggressive salespeople who would try to convince them to deposit sums up to $100,000.
“The really good salespeople would be sent to work in Israel,” Haji said.
Withdrawal requests were referred on to another team, he claimed, and in his experience many were refused.
Despite high wages and company perks such as a trip to South Africa, Haji left Linkopia after three months.
“I don’t believe the Mauritian authorities know what is going on,” he said. “They think Linkopia is just an IT company.”
A spokesman for Linkopia said: “Linkopia (Mauritius) Ltd is not familiar with, and does not advocate any … questionable practices or activities.”
The Bureau spoke to another whistleblower, David, who says the big money “retention” work was done by Herzog’s other company Yukom. He says he worked on sales for Yukom, and estimated that in 2015 BinaryBook and another unnamed binary options website got people to invest $5 to $7 million a month.
“One month (…) a single salesman brought in more than $1 million,” David told the Bureau.
Herzog’s lawyer denied the claims. He said Yukom’s monthly income was “not close to 10%” of the sum claimed by the insider and that other companies around the world provided services to BinaryBook in competition with Yukom.
Responsibility for day-to-day running of Yukom lies with its CEO, an Israeli woman named Lee Elbaz who joined the company in May 2014.
“While Lee tries to encourage people to think Yukom is one big family, she is feared,” David said. “She stays 12-16 hours a day in the office.”