USA – SEC Charges 3 with Binary Options Scam

October 15, 2019 No comment

The 3 foreign nationals are accused of scamming main street investors, including vulnerable individuals, through a binary options scam The USA Securities and Exchange Commission (SEC) charged 3 foreign individuals – Gil Beserglik, Raz Beserglik and Kai Christian Petersen, with the deception of American investors, including retirees, causing them to lose tens of millions of Continue Reading

USA – Owner of OptionMint Indicted for Running a Binary Options Scam

October 9, 2019 No comment

Businessman indicted for running a string of fraudulent trading sites for years, facilitated by trading platforms The USA authorities have announced Jared J Davis, an Ohio Businessman who owned and operated the once successful binary options site OptionMint was arrested and indicted with a 19 count charge by the federal court. The charges he is […]Continue Reading

Thailand – ‘CryptoCurrency Wizard’ Arrested

September 18, 2019 No comment

Thai man touted ‘CryptoCurrency Wizard’ was arrested for stealing $16 M from investors The Thai police arrested Mana Jumuang, known professionally under the pseudonym ‘CryptoCurrency Wizard’ in Bangkok last week. Jumuang, 48 years old, was a well-known member of the cryptocurrency circles in the Thai capital, making a name for himself as a gifted investor […]Continue Reading

USA – 2 Canadians Charged for an Attempted Bitcoin Scam

September 9, 2019 No comment

The two ran a twitter-based scam, in an attempt to steal bitcoin from an Oregon resident Two Canadians were charged for scheming to steal bitcoin from an Oregon resident. The two, Karanjit and Jagroop Singh Khatkar, originally from British Columbia, Canada, posed as customer support representatives of HitBTC, the renowned Hong-Kong based cryptocurrency exchange, gaining Continue Reading

UK – Judge Orders Bitcoin Compensation for Cybercrime Victims

September 4, 2019 No comment

Historical ruling in the UK! For the first time ever, a judge has ordered the confiscation of bitcoin, worth over £900,000 from an imprisoned hacker. The hacker, Grant West, had approximately £1M worth in bitcoin, at the time of his arrest in September 2017, saved in various accounts. West has agreed to comply with the […]Continue Reading

Special Series – Platforms of Evil Part 1

September 3, 2019 No comment

New series of reports will shed light on the way some of the biggest platforms facilitate ongoing Binary Trading scams around the world. The world of Binary Trading has been plagued with scammers trying to exploit hopeful investors and defraud them of their hard-earned money. Authorities have been fighting the scammers fearlessly, shutting down fraudulent […]Continue Reading

Australia – Regulators Propose Banning Binary Options Trading

September 2, 2019 No comment

The Corporate Regulator wages war on Forex and Binary Options trading, endangering investors. Investments Commission (ASIC) has released an official paper stating it is considering heavy restrictions on various ‘Contracts for Difference’ (CFD) investments – including Foreign Exchange trading to Australians. Earlier this year, the Australian Broadcasting Corporation (ABC) Continue Reading

UK – Investment Frauds on the Rise

August 27, 2019 No comment

ways, according to a recent report published by the London Police’s National Fraud Intelligence Bureau, a unit in charge of Financial Fraud and Cyber Crimes. The criminals are adapting to new technologies as is clearly reflected in the frauds committed in 2019. Traditionally UK Fraudsters used to favor pension frauds. The victims were easy targets, […]Continue Reading

EFRI-thing’s Wrong

August 13, 2019 No comment

The truth about EFRI, Werner Boehm’s most despicable scam and its surprising recent resurfacing. All online investors are familiar with the fear of scamming and deception. The new technological advancements brought about new and exciting opportunities – from binary trading to cryptocurrency – that are ripe for the taking by those brave enough to dare. […]Continue Reading

USA – Email ‘Sextortion’ Scams on the Rise

August 12, 2019 No comment

Cybersecurity giant reports a sharp rise in email ‘sextortion’ scams since the beginning of 2019. An email scam has been with us for decades. They have become more elaborate, and despite raised awareness of internet users, who have been aware of notorious email scams (like the infamous ‘Nigerian Prince’ scam) for years, are surprisingly effective. […]Continue Reading