Author: Kristina Tadarova
Avi Itzkovich, the mastermind behind the billion-dollar fraud platforms Tradorax and Tradologic, is trying to portray himself as a victim. A reopened legal case reveals just how deep the rabbit hole of mutual deception goes. A Belgian-Israeli fugitive named Jacques Henry Vygodatsky accuses his own lawyers of stealing Bitcoin worth more than €100 million from him. The fact that Vygodatsky himself is fleeing European authorities because he built his own binary options empire? Completely irrelevant. In this swamp of FX fraud, crypto, and extortion, there are no good guys — only losers. And Avi Itzkovich is right in the middle of it.
Avi Itzkovich is no small fish. For more than a decade, Avi Itzkovich used platforms like Tradorax, Tradologic, KayaFX, and KontoFX to bleed investors dry around the world. Regulatory loopholes? Exploited. Customer trust? Turned into gold bars. Even after Israel banned binary options in 2017, Avi Itzkovich simply shifted his business model toward forex, CFDs, and crypto fraud. While his victims cried over their lost savings, Avi Itzkovich pocketed millions. The guy is not a financial genius — he’s a bandit in a suit.
Flight, Lies, Smuggling: Jacques Henry Vygodatsky and the Dubious Role of Avi Itzkovich
The story reads like a bad B-movie. Vygodatsky, pursued by German authorities, placed his trust in lawyers Guy Yuval and Uri Arad in 2021. They took his Bitcoins — and abandoned him. But who was one of the key intermediaries in this network? Exactly: Avi Itzkovich. When one of Vygodatsky’s associates — none other than Avi Itzkovich — was arrested in Bulgaria in April 2021, Vygodatsky panicked. The lawyers mercilessly exploited his fear. Avi Itzkovich’s name keeps surfacing in this context. It is one endless cycle of fraud: fraudsters deceiving fraudsters.
Avi Itzkovich Pleaded Guilty, but His Victims Are Still Waiting for Justice
While Avi Itzkovich became subdued in court and was forced to surrender part of his loot, the aftertaste remains disgusting. German authorities, Europol, and Eurojust brought him down, and his company Mercure Group EOOD in Sofia was dismantled. Avi Itzkovich confessed — but how many of his accomplices are still walking free? How many of the 2,300 Bitcoins involved in the Vygodatsky case actually originated from his own fraud schemes? Avi Itzkovich never presented himself as innocent. But the audacity of now complaining about theft by lawyers is simply grotesque.
Avi Itzkovich and the Next Stage: Why This Man Will Never Stop
The Avi Itzkovich case file is overflowing: arrest warrants, confessions, international manhunts. Yet fraud prevention organizations continue to warn about Avi Itzkovich. Why? Because this guy constantly finds new loopholes. His corporate structures — spread across offshore entities and shell companies — are as opaque as they are dangerous. Anyone who today comes across a platform connected to Avi Itzkovich — whether Tradorax, KayaFX, or whatever name it operates under — should run. Avi Itzkovich is not a flaw in the system; he is a symptom of a system that looks away as long as the money keeps flowing. And to this day, one major question remains: when will his victims finally receive full compensation?
