Central Option gets another warning after trying to lure binary options fraud investigator as a client


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Jason Roy couldn’t believe the coincidence when he received a random automated call at his home at 6pm on April 11 from Central Option, a Binary Options broker offering an ‘amazing investment opportunity.’

It turns out that Jason Roy is a senior investigator with the Manitoba Securities Commission (MSC). He began a conversation with the self-described expert on Binary Options trading from Central Option. Roy then began gathering evidence while pretending to be a potential high-value investor.

Roy, ironically, is also a member of the Canadian Securities Administrator’s (CSA) special working group on combating Binary Options investment fraud.

I grabbed my notebook, and after confirming some details with an operator, I was connected to an individual identifying himself as Sean Bessi,” said Roy. “Bessi started to pitch me on the exact sort of illegal investments I’ve been investigating for the past two years. It was a bit surreal.

The Central Option rep claimed to be working from a Central Option office in Toronto, and that the firm maintains offices in London and Hong Kong. The MSC has since confirmed that the Central Option Toronto office does not exist. Central Option’s phone number is a VOIP number that forwards the call outside of the country.

The rep explained that Binary Options trading was “very safe,” and “not gambling.” Roy was offered a free education package and a $100 credit to do some trading. Roy was then walked through the whole trading process, repeatedly being suggested that he fund the new account by using his credit card or by wiring money.

Roy was also told he would not have to pay any taxes on any profits earned in the account.

The MSC on Wednesday alerted the public that Central Option is not authorized to offer investment services to residents of the Canadian province. The MSC warning comes less than a month after Central Option got a warning from another Canadian regulator, the British Columbia Securities Commission (BCSC).

Over the last two months, Manitobans have reportedly lost nearly $160,000 to unregistered, offshore binary options firms. The regulator suspects losses may be higher, as not all cases are reported.

For the full warning from MSC against Central Option, click here.

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  • Pavel

    why do people still give money to these unregulated binary brokers? dont they realize that even if they win they aint geting their money back.

  • gethimback

    I know Sean Bessi personally he is one of the shittiest people alive his real name is Maor Azari and he is the owner of Central options which is located in Israel where he lives. He lives off of his binary option company which literally lies to everyday people convincing them that it is a dream kind of investment that can earn them crazy returns. He makes them believe he is on their side and that he will make them financially wealthy and then when he looses their life savings he cuts contact completely leaving them to their horrible fate. If anyone wants his details email me at annihilate91@hotmail.com and i will give you everything i have. He is a disgusting person and he deserves to rot in jail.

  • gethimback

    annihilate91@icloud.com the other email is my old one, this one will get to me the quickest

  • Jo Palmer

    I was stupid enough to trade with Central Options and now I am trying to close my account and withdraw my money but I can’t get hold of anyone in the company. Any suggestions?

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Central Option gets another warning after trying to lure binary options fraud investigator as a client

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