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Retail FX

Jailed Binary Options Boss Ordered to Return $7 Million

  • Yakov Cohen gained at least $7 million from fraudulent binary options operations.
  • The court has yet to decide on the charges against other defendants in the case.
Tuesday, 10/09/2024 | 06:52 GMT by Arnab Shome
Retail FX

Crypto and Binary Options Scam: Dozens of Israelis Extradited to Germany

  • The gangs targeted mostly Germans with promises of high returns from binary options trading.
  • Liron Basis, a former Israeli footballer, was also arrested in Russia and will likely be extradited to Germany.
Wednesday, 05/06/2024 | 10:49 GMT by Arnab Shome
Binary Options

Court Orders $204.6 Million Penalties in CFTC Binary Options Case

  • The defendants were found guilty of illegal binary options trading and fraudulent practices.
  • They are permanently barred from CFTC registration and trading on any registered entity.
Thursday, 14/03/2024 | 17:36 GMT by Tareq Sikder
Retail FX

Serbian Man Faces 20 Years of Time for 20 Sham Trading Platforms

  • Over $70 million was stolen in fraudulent trading schemes.
  • The fraudster offered investments in cryptocurrencies and binary options.
Sunday, 05/11/2023 | 13:50 GMT by Damian Chmiel
Retail FX

Soros-Backed Hedge Fund Manager Convicted in Forex Scandal

  • The accused now faces up to 10 years behind bars.
  • The defense argues that Phillips did not commit any wrongdoing and was implementing a legal trading strategy.
Thursday, 26/10/2023 | 07:38 GMT by Damian Chmiel
Binary Options

SignalPush, a Binary Options Signal Provider, Fined $100,000

  • The platform solicited customers to sign up for its services.
  • Its name first emerged in another enforcement action against binary options fraud.
Wednesday, 30/08/2023 | 05:14 GMT by Arnab Shome
Retail FX

International Scamming Network: Israel Awaits German Extradition Request

  • Europol with cooperation of Israeli police made some 'high-value' arrests last month.
  • The schemes defrauded at least 33,000 victims, many of them from Germany
Thursday, 04/05/2023 | 16:04 GMT by Arnab Shome
Binary Options

UK Court Jails Three for Binary Options Scam

  • BMG offered investments in binary options trading but was a scam in reality.
  • The convicts used the investors' funds for personal spending.
Friday, 07/04/2023 | 06:36 GMT by Arnab Shome
Institutional FX

CFTC Charges Glen Point Capital for FX Market Manipulation

  • Its Co-CIO manipulated USD/ZAR prices for receiving payouts from two binary options contracts.
  • He even explicitly revealed his market manipulation intentions to the bank salesperson.
Friday, 16/12/2022 | 05:56 GMT by Arnab Shome
Binary Options

CME Group Launches Event Contracts for Retail Investors

  • Each event contract is capped at $20 per contract.
  • Interactive Brokers, CQG, NinjaTrader, Dorman Trading and Ironbeam have been onboarded.
Monday, 19/09/2022 | 21:06 GMT by Solomon Oladipupo
Regulation

ASIC Extends Binary Options Ban until October 2031

  • The ban will restrict licensed brokers from offering binary options to retail traders.
  • It initially came into effect on 3 May 2021.
Monday, 05/09/2022 | 06:06 GMT by Arnab Shome
Binary Options

SpotFN and Binary FN Boss Extradited to the US, Faces Wire Fraud Charges

  • If convicted, he could face up to 20 years of prison time.
  • He and his co-conspirators stole more than $5 million from binary options investors.
Monday, 18/07/2022 | 07:27 GMT by Arnab Shome
Retail FX

US Court Hits FX and Binary Options Pool Fraud with $29M in Penalty

  • The scheme operated for five years.
  • The operators misappropriated funds and made Ponzi payments.
Monday, 18/07/2022 | 06:14 GMT by Arnab Shome
Analysis
Analysis
Analysis
Analysis
Analysis

CME’s Event Contracts: Are Binary Options Back?

  • CME is going to launch retail event contracts on 19 September.
  • Binary options are banned across Europe, Australia, the UK and several other countries.
Friday, 08/07/2022 | 10:43 GMT by Arnab Shome
Binary Options

CME Group to Offer Binary Options Products in September

  • The contracts would allow individuals to trade their views in CME futures markets.
  • Binary options trading is banned in most European countries.
Tuesday, 28/06/2022 | 20:47 GMT by Felipe Erazo
Regulation

ASIC Wants to Extend Retail Binary Options Ban to October 2031

  • The existing ban on the retail sale of binary options will expire on 7 October 2022.
  • ASIC issued a consultation paper seeking feedback on the extension of the ban.
Thursday, 26/05/2022 | 06:37 GMT by Arnab Shome
Binary Options

CySEC Raises Red Flag on Websites Associated to Binarium Ltd

  • Six domains were mentioned in the warning.
  • The watchdog recently warned on four forex websites.
Monday, 02/05/2022 | 19:43 GMT by Felipe Erazo
Binary Options

Israeli Police Arrests Two in Alleged Binary Options and CFDs Fraud

  • Germany requested the extradition of 2 Israeli citizens suspected of fraud.
  • The alleged websites offered investing in binary options & CFDs while promising high ROI.
Thursday, 10/02/2022 | 13:55 GMT by Matti Williamson
Retail FX

CFTC Fines Binary Options Platform Polymarket $1.4 Million

  • The platform was offering event-based contracts.
  • It agreed to wind down all non-compliant services.
Tuesday, 04/01/2022 | 07:33 GMT by Arnab Shome
Retail FX

Philippines Arrests Alleged Mastermind of Forex Fraud Based Eastern Europe

  • One of the alleged scammer's partners was previously convicted in Austria for fraud charges.
Tuesday, 26/10/2021 | 21:44 GMT by Felipe Erazo
Binary Options

Alleged Names of Suspects Involved in Israeli Binary Options Fraud Revealed

  • A media outlet disclosed some of the names of key people involved in the binary options scam busted by Israel and Germany.
Wednesday, 20/10/2021 | 15:54 GMT by Felipe Erazo
Binary Options

15 Israelis Arrested for Binary Options Fraud

  • The prime suspect who was arrested is an Israeli lawyer.
Wednesday, 20/10/2021 | 10:49 GMT by Arnab Shome
Binary Options

Europol Cracks Down EUR 15 Million Binary Options Fraud Ring

  • Eight houses searches were performed across Bulgaria, Cyprus and Ukraine.
Monday, 11/10/2021 | 16:14 GMT by Felipe Erazo
Binary Options

Insider Reveals an Alleged Fraudulent Binary Options Scheme from SpotOption

  • The video recording was already submitted to Tel Aviv District Court in June.
Monday, 04/10/2021 | 16:06 GMT by Felipe Erazo
Retail FX

CFTC Flags 14 Binary Options Platforms Offering FX, Crypto Trading

  • These platforms are falsely claiming to have been registered and authorized in the country.
Thursday, 30/09/2021 | 06:39 GMT by Arnab Shome
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