The Biggest Binary Scam is Under Trial

The Biggest Binary Scam is Under Trial

Lee Elbaz, former binary options executive who repeatedly lied to investors and implemented many unethical practices during her time as Yukom CEO, is under trial in the United States of America. However, her attorney stated in court how Elbaz should not face the consequences for the behavior of her former employees. The prosecution believes how… Read more

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Germany and Austria Fight Binary Options Scams

German media published news on a raid executed by an international team of German and Austrian officers. They raided 35 locations in five in order to find more evidence and arrest suspects regarding an online trading scam involving Israel-based binary trading company. Raids took place in call centers and apartments in the Czech Republic, Kosovo,… Read more

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Forex Broker Scammed Traders for $32 million

Thailand’s Department of Special Investigation (DSI) received a complaint by 2400 citizens who lost more than $32 million dollars (or 1 billion baht) due to trading with a scam forex broker under name ShareForex. According to victims, the broker promised great payouts and high returns simply by trading the foreign exchange. By downplaying the risk… Read more

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Will Financial Conduct Authority Ban Crypto-Derivatives?

Financial regulatory body from the United Kingdom, Financial Conduct Authority (FCA), raised concern regarding crypto-derivatives that are becoming increasingly popular among traders. They believe how derivatives and ETNs are carrying a high risk, as consumers fail to asses all risks related to this type of trading. According to the FCA, traders fail to do so… Read more

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