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Wednesday, October 7, 2026
Courthouse News Service
Wednesday, October 7, 2026 | Back issues
Courthouse News Service Courthouse News Service

Elder Targets

The Federal Trade Commission claims OTA Franchise Corporation, Newport Exchange Holdings, Neh Services, all dba Online Trading Academy, led by Eyal Shachar, target elderly people in a $100 million-plus bogus investment “training” scam, in L.A. Federal Court.

SANTA ANA, Calif. — The Federal Trade Commission claims in a federal complaint that OTA Franchise Corporation, Newport Exchange Holdings and Neh Services, all dba Online Trading Academy, led by Eyal Shachar, target elderly people in a $100 million-plus bogus investment “training” scam.

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