Background: Activities of G.O. Limited
In September 2019, Scam-Or Project received documentation related to the binary options platforms Good Option and Royal Broker, operated between 2014 and 2015 by G.O. Limited, a company incorporated in Anguilla. These platforms were supported by the Cyprus-based payment provider AlgoCharge, founded by Sarel Tal, who also served as director of AlgoPay Limited, another company registered in Cyprus.
As of now, both payment firms and their websites are no longer active or accessible.
Professional Transition to Rapyd
Public sources, including LinkedIn, indicate that since October 2019, Sarel Tal has held the role of Vice President EMEA at Rapyd (https://www.rapyd.net/), a financial technology firm. Rapyd operates through CashDash UK Limited, which is authorized as an e-Money Institution (EMI) by the UK Financial Conduct Authority (FCA) (Reference No. 900769).
The Rapyd corporate structure includes:
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Rapyd Technology Inc.
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Rapyd Financial Network (2016) Ltd.
Ownership data from UK Companies House lists Ariel Shtilman as the controlling party of CashDash UK Ltd.
Past Operations of AlgoCharge
According to available profiles, AlgoCharge (algocharge.com) was previously involved in processing online payments, including for platforms such as Good Option (good-option.com). Banking documents reviewed by Scam-Or Project confirm that the firm maintained an account with Meinl Bank in Austria, which later became subject to regulatory action and closure following money laundering concerns.
Company Status and Registry Information
Two Cyprus-registered companies associated with Tal are:
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AlgoPay Limited (OpenCorporates)
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Seroph International (CY) Limited (OpenCorporates)
Both entities are currently listed as inactive in the Cypriot company register due to administrative non-compliance. Their online presence has also been discontinued.
Regulatory Notices and Payment Involvement
Multiple regulatory bodies, including the Anguilla Financial Services Commission, issued notices concerning the activities of G.O. Limited, Good Option, and Royal Broker. These platforms were available in several languages and reportedly targeted users in France, the UK, and Arabic-speaking regions.
Although there is no definitive public record of Tal holding a formal role within G.O. Limited, the payment services provided by his companies were connected to the transactions of these platforms.
Broader Payment Ecosystem: Seroph Group, GMM, and Wirecard
Seroph International (CY) Limited was part of the Seroph Group, which maintained international operations. One of its subsidiaries, Seroph Apac Limited (based in Hong Kong), was reportedly involved in processing transactions for GreyMountain Management Ltd (GMM), a firm associated with David Cartu, Jonathan Cartu, and Joshua Cartu.
There have also been mentions of business links between the Seroph Group and the now-insolvent German company Wirecard.
Legal Developments and Industry Outlook
Since the regulatory ban on binary options in 2018, legal actions related to these platforms have been initiated across various jurisdictions. Many affected users continue to pursue restitution, and the resolution of cases involving binary options operators and associated service providers remains ongoing.
Reporting and Further Information
Individuals or organizations with knowledge of fraud-related activities or associated payment systems are encouraged to share relevant information with the appropriate authorities or reporting platforms.