Tag: binary options scams

binary options scam
January 29, 2018 BY Valentina Kirilova

FCA: over £87,000 lost to binary options scams every day in the UK

The Financial Conduct Authority (FCA) is today urging the public to be vigilant to the threat of online investment fraud. Fraudsters offering investments in binary options, contracts for difference (CFDs), forex and cryptocurrencies (such as Bitcoin) often promote themselves online and via social media channels, such as Facebook, Instagram and Twitter. They typically promise high…

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MyChargeBack.com binary options funds recovery
August 23, 2017 BY LeapRate Staff

MyChargeBack.com reports more than $1 million recovered to clients of Binary Options, FX and CFD scams

Credit card dispute specialist MyChargeBack.com, owned and operated by Cactil LLC, has announced that their ChargeBack VIP program has successfully disputed more than $1 million USD in claims to-date. MyChargeBack's ChargeBack VIP program helps investors recover the money stolen by Binary Options, Forex and CFD trading websites which claim to act as "brokers", but in reality are…

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Canada CSA annual report binary options scams
July 31, 2017 BY LeapRate Staff

Canada regulator CSA highlights Binary Options scams in its 2017 annual report

Pan-Canadian financial regulator Canadian Securities Administrators (CSA) has issued its 2017 annual report, highlighting the CSA's ongoing fight against Binary Options scams targeting Canadian consumers. The CSA comprises a council of securities regulators of Canada’s 10 provinces and three territories. It coordinates and harmonizes regulation for the Canadian capital markets. The CSA devoted an entire section…

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binary options scam citrade
July 19, 2017 BY LeapRate Staff

Citrades and AutoTradingBinary owner Jason Scharf charged in $16 million Binary Options fraud

Continuing its work against investment schemes targeting retail traders in the US and around the world, US regulator CFTC has charged California resident Jason B. Scharf, his worldwide web of companies, and Florida-based affiliate marketers Michael Shah and Zilmil, Inc. with running a $16 million Binary Options fraud scheme. The CFTC has announced that a federal…

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Stern Options binary warning
July 12, 2017 BY LeapRate Staff

FMA warns of cold calling Binary broker Stern Options

New Zealand financial regulator Financial Markets Authority (FMA) has issued a warning regarding Binary Options broker Stern Options, operating from website sternoptions.com. Adding Stern Options to its "Businesses to be wary of" list, the FMA stated that it has received reports that representatives of Stern Options are cold calling New Zealand Residents. Stern Options is not…

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binary options fraud
July 10, 2017 BY LeapRate Staff

CFTC video series on investment fraud to feature Binary Options scams

The U.S. Commodity Futures Trading Commission (CFTC) has launched True Fraud Stories, a video series about how cunning fraudsters have lured smart investors into fraudulent investment schemes that resulted in the loss of thousands of dollars of their savings. These real-life victims tell their stories hoping others will become educated about financial fraud and avoid…

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crypto scam protection interview
May 15, 2017 BY Valentina Kirilova

Australia consumer watchdog reports $11.6 million of cold calling binary options scams in 2016

During Consumer Fraud Week 2017, ASIC is reminding consumers to protect themselves against investment scams. ASIC Deputy Chairman Peter Kell said: The Targeting Scams report published today by the Australian Competition and Consumer Commission (ACCC) shows reports to Scamwatch on investment scams increased in 2016. ASIC is alerting the public to ways to stay informed…

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