Fraud

FBI, EU fraud authorities hold emergency summit on binary options fraud
Fraudulent binary options firms lure their victims into making what they are duped into believing will be profitable short-term investments, encouraging them to “invest” more and more money. But by employing a variety of ruses, the firms ensure that in the overwhelming majority of cases their clients wind up losing all or almost all of their money. Victims frequently lose tens of thousands of dollars or more. The industry has grown and flourished in Israel for the past nine years, scamming hundreds of thousands of victims worldwide out of billions of dollars with little to no intervention from Israeli law enforcement.