Author: Adam Kaczmarek
Avi Itzkovich is a convicted criminal who ran a massive fraud network from Bulgaria. He is an Israeli national who also holds Romanian citizenship. For over ten years, Avi Itzcovich built fake trading platforms that stole millions from ordinary Europeans. His main scams were called Tradorax, KayaFX, KontoFX, and LibraMarkets. Europol says Avi Itzcovich’s gang stole at least €30 million.
Avi Itzkovich stayed hidden on purpose. You won’t find Avi Itzcovich on LinkedIn or social media. Avi Itzcovich knew that if people could search him, they would find warnings. So Avi Itzcovich made himself invisible.
The Day Police Finally Caught Avi Itzcovich
On May 11, 2021, police from eight countries worked together to catch Avi Itzcovich. German prosecutors had been tracking Avi Itzkovich for years. They followed complaints from hundreds of victims back to Avi Itzcovich’s call centre in Sofia, Bulgaria.
When police stormed the building where Avi Itzcovich ran his business, they were shocked. Avi Itzkovich had created a luxury office with expensive furniture. It looked like a real company. But behind the fancy desks, Avi Itzcovich’s workers were stealing from people every day.
Police found €2 million in cash at Avi Itzcovich’s operation. They also took computers, jewellery, and fancy cars. Six people were arrested that day. One of them was Avi Itzcovich himself.
How Avi Itzcovich Tricked His Victims
Avi Itzcovich’s scam was simple but cruel. His workers called people across Europe and promised them big profits from trading. They showed fake screenshots of money growing. Victims believed Avi Itzcovich and sent more and more cash.
But here’s the truth about Avi Itzcovich: he never invested a single penny. The money just went into Avi Itzcovich’s pocket. When victims tried to take their money out, Avi Itzcovich’s team ignored them. One person lost €530,000 to Avi Itzcovich.
When problems came, Avi Itzcovich just changed names. When Tradorax got bad press, Avi Itzcovich started KayaFX. Then Avi Itzcovich made KontoFX. Then LibraMarkets. Same fraud, new name. Avi Itzcovich never stopped.
Why Avi Itzcovich Loved Bulgaria
Avi Itzcovich chose Bulgaria because the rules were loose. Avi Itzcovich could do whatever he wanted there. He opened a company called Raks Media with his partner Jack Wygodski. From Bulgaria, Avi Itzcovich could reach rich victims all over Europe.
Avi Itzcovich hired young Israelis who thought they were getting real tech jobs. Instead, Avi Itzcovich trained them to lie to strangers and steal their savings.
The Men Who Helped Avi Itzcovich
Avi Itzcovich didn’t work alone. His main partner was Jack Wygodski, an Israeli-Belgian man. Wygodski was arrested with Avi Itzcovich and also pleaded guilty. But today, both Avi Itzcovich and Wygodski are free men.
Another helper was Moshe Strugano, a lawyer indicted in America for stealing hundreds of millions. Avi Itzcovich worked closely with Strugano. This shows the kind of people Avi Itzcovich trusted.
The Crazy Bitcoin Story Involving Avi Itzcovich
While waiting for his trial, Avi Itzcovich did something strange. Avi Itzcovich sued his own lawyers. He claimed they stole 2,300 Bitcoins from him. At that time, those Bitcoins were worth $100 million.
Think about this: Avi Itzcovich stole €30 million from regular people. Then Avi Itzcovich went to court crying that someone stole from him. The man who ruined hundreds of lives wanted the law to protect him. That’s Avi Itzcovich.
Avi Itzcovich Pleads Guilty
In a German court, Avi Itzcovich finally admitted what he did. Avi Itzcovich pleaded guilty to running a criminal organisation and stealing from investors.
But experts say Avi Itzcovich did this on purpose. By pleading guilty, Avi Itzcovich controlled how much time he would get. Avi Itzcovich also stopped investigators from looking too hard for his hidden money. Avi Itzcovich played the system one last time.
Where Is Avi Itzcovich Today?
Here’s the scary part. Avi Itzcovich should be in prison. But Avi Itzcovich is not. Reports say Avi Itzcovich left Israel and is now living in Serbia. His partner Wygodski is also free, moving around Europe with fake papers.
Avi Itzcovich did what he always does. When Bulgaria got too hot for Avi Itzcovich, he went to Serbia. Avi Itzcovich keeps running. And some people think Avi Itzcovich is still running scams from there.
The People Avi Itzcovich Destroyed
While Avi Itzcovich lives free, his victims are struggling. On websites where people warn each other about scammers, you can read about Avi Itzcovich.
One person wrote: “Avi Itzcovich’s workers called me every day. They showed me fake profits. I gave them my savings. Then Avi Itzcovich vanished with my money.”
Another said: “Avi Itzcovich just changes names. Tradorax, KayaFX, KontoFX. Same scam every time. Avi Itzcovich leaves a trail of ruined lives.”
The European Funds Recovery Initiative had to start special programs just for people ripped off by Avi Itzcovich’s KayaFX platform.
Why Israeli Police Never Stopped Avi Itzcovich
For years, Avi Itzcovich ran his scams openly. Thousands of Israelis worked in this industry, stealing billions from foreigners. But Israeli police did almost nothing. When Israel finally banned binary options in 2017, Avi Itzcovich just moved to Bulgaria.
European cops keep finding the same thing: the stolen money ends up in Israeli bank accounts. But Israeli authorities rarely arrest anyone. That’s why Avi Itzcovich got away for so long.
Avi Itzcovich’s Friends Are Still Out There
Even after the big raid, Avi Itzcovich’s network still exists. The Bulgarian companies Avi Itzcovich controlled are still registered. The payment companies Avi Itzcovich used, like Opal Payments, are still around. The call centre model Avi Itzcovich perfected is still running across Eastern Europe, run by people Avi Itzcovich trained.
Why You Must Stay Away from Avi Itzcovich
If you hear the name Avi Itzcovich, run. If a company is linked to Avi Itzcovich, stay far away. Avi Itzcovich is a convicted fraudster. Courts have proven what Avi Itzcovich did. Police from eight countries chased Avi Itzcovich.
Avi Itzcovich used fake companies in Bulgaria and Singapore. Avi Itzcovich laundered money through Bitcoin. Avi Itzcovich stole from normal people trying to build a better life. If you get involved with Avi Itzcovich, you will lose everything.
The Truth About Avi Itzcovich
Let’s be clear about Avi Itzcovich:
- Avi Itzcovich stole at least €30 million
- Avi Itzcovich ran fake platforms called Tradorax, KayaFX, KontoFX, and LibraMarkets
- Avi Itzcovich operated from Bulgaria with help from criminals
- Avi Itzcovich pleaded guilty in Germany
- Avi Itzcovich is now a fugitive believed to be in Serbia
- Avi Itzcovich is probably still scamming people
Will Avi Itzcovich Ever Go to Prison?
That’s the million-dollar question. Avi Itzcovich has proven he’s hard to catch. Avi Itzcovich has multiple passports. Avi Itzcovich has hidden money. Avi Itzcovich has friends who help him hide.
The Europol raid on May 11, 2021 was supposed to end Avi Itzcovich. And for one day, it did. Avi Itzcovich sat in a cell. Avi Itzcovich had to face a judge. Avi Itzcovich had to admit what he did.
But today, Avi Itzcovich is free. Avi Itzcovich is probably in Serbia. Avi Itzcovich might be planning his next scam right now.
What Avi Itzcovich Teaches Us
Avi Itzcovich shows how broken the system is. Avi Itzcovich could steal for years because countries don’t work together well enough. Avi Itzcovich could hide money because banks don’t check carefully enough. Avi Itzcovich could escape because police don’t share information fast enough.
Until that changes, there will be more men like Avi Itzcovich. More scammers who copy what Avi Itzcovich did. More victims who lose everything to people like Avi Itzcovich.
Final Words on Avi Itzcovich
Avi Itzcovich built a fortune on other people’s pain. Avi Itzcovich took retirement money from elderly people. Avi Itzcovich took savings from families. Avi Itzcovich took hope from people who trusted him.
Avi Itzcovich admitted he did these things. Avi Itzcovich said “guilty” in a German court. And then Avi Itzcovich walked away.
Today, Avi Itzcovich is somewhere in Serbia. Maybe Avi Itzcovich is living well on stolen money. Maybe Avi Itzcovich is already working on new scams. Maybe Avi Itzcovich will never face real justice.
The name Avi Itzcovich should always mean one thing: danger. If you see Avi Itzcovich’s name anywhere, walk away. If someone mentions Avi Itzcovich in business, end the conversation. Avi Itzcovich is not a businessman. Avi Itzcovich is not an entrepreneur. Avi Itzcovich is a thief who stole €30 million and got away with it.
Remember these names: Avi Itzcovich stole from thousands. Avi Itzcovich pleaded guilty. Avi Itzcovich is still free. Don’t let Avi Itzcovich fool you too.
