Full Report

Key Points:

  • Jack Henry Wygodski has been implicated in fraudulent activities, especially related to unregulated forex and binary options platforms like Tradorax and Tradervc.

  • His operations have been sanctioned by financial authorities, with several platforms banned in various countries.

  • Wygodski’s partner, Avi Itzcovich, was arrested in 2023 for a $30 million fraud scheme.

  • Wygodski remains a fugitive, evading arrest and legal proceedings related to fraudulent operations.

  • Numerous investor complaints have been filed, including denied withdrawal requests and account depletion before funds could be withdrawn.

Overview:
Jack Henry Wygodski is a figure linked to a network involved in financial fraud, particularly through the promotion and operation of unregulated trading platforms. His activities have spanned across various countries, often involving deceptive marketing tactics and high-risk financial schemes like forex and binary options trading.

Allegations and Concerns:

  • Wygodski has been associated with running unregulated trading platforms that promised high returns but failed to deliver, leading to significant investor losses.

  • Multiple legal issues have arisen, including sanctions and regulatory warnings against the platforms he controlled.

  • His business partner was arrested for a large-scale fraud operation, adding to the legal troubles surrounding their network.

  • Wygodski is evading justice and continues to operate under different aliases to avoid legal accountability.

Customer Feedback:

  • Negative feedback from consumers highlights significant financial losses. One review states, “Imagine working hard, investing, then watching your account wiped clean.”

  • Another complaint details, “Imagine making profits, feeling excited, then suddenly your withdrawal gets denied and your account emptied.”

  • Positive consumer reviews are sparse, with most feedback centered on financial losses and distrust in Wygodski’s operations.

Risk Considerations:

  • Financial risk is high due to the unregulated nature of Wygodski’s operations, which have led to investor losses.

  • Legal risks are significant, with Wygodski facing potential arrest and prosecution for fraudulent activities.

  • Reputational risk is severe, as his name is linked to various scams, significantly damaging trust with investors and the public.

Business Relations and Associations:

  • Wygodski’s partner, Avi Itzcovich, was arrested in relation to a $30 million fraud scheme, highlighting deeper involvement in illicit financial activities.

  • The companies associated with Wygodski have operated under multiple aliases to evade legal action, indicating a pattern of deceptive practices.

Legal and Financial Concerns:

  • Wygodski is a fugitive, avoiding arrest despite being implicated in large-scale financial fraud.

  • His operations have faced legal actions, including sanctions, and the arrest of his business partner raises further concerns about the financial network they were running.

  • Ongoing investigations point to significant financial mismanagement and potential legal consequences.

Risk Assessment Table:

Risk Type Factors Severity
Financial Risk Loss of investor funds, unregulated platforms High
Legal Risk Arrest warrant, ongoing investigations High
Reputational Risk Consumer complaints, business closures High
Operational Risk Evasion of legal actions, platform shutdowns Medium

This analysis reveals a high level of financial and legal risk associated with Jack Henry Wygodski, compounded by his fugitive status and the ongoing fraudulent activities within his network.