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NOT THE FIRST TIME PLUS500 FOUNDER IN TROUBLE
Tuesday June 2,2015 : NOT THE FIRST TIME PLUS500 FOUNDER IN TROUBLE (Update)
Eight years ago Gal Haber's Interlogic was shuttered by Israeli police.
It appears that Gal Haber, founder and CEO of the troubled contracts for difference Plus500 group which is the subject of a Playtech takeover has been at odds with the authorities before his recent brush with the UK's Financial Conduct Authority.
Eight years ago the Israeli police ordered Haber to shutter Interlogic, an enterprise which offered real money backgammon on its Play65 website, according to a Business Insider report Monday which referenced the Israeli business publication Haaretz.
Back then, Interlogic appealed the directive but halted real money action, arguing that backgammon is a game predominantly of skill and therefore not one of chance, and that it had obtained legal opinions before launching the business.
The company was successful in having the ban lifted in May 2007, and was subsequently sold by Haber.
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