Binary Options fraud is a growing problem with increasing numbers of fraudulent trading platforms becoming more and more common. In a bid to appear to be totally legitimate, City addresses are created to give the illusion of respectability in order to tempt people to part with their money. The City of London Police together with the City of London Corporation's Trading Standards took decisive action earlier this week (20/10/17) and raided 20 offices in the City as part of a crackdown on this increasingly popular scam.
If you have been a victim and would like to discuss possible recovery options please contact the Grant Thornton Fraud Insolvency Team.
More than 2,000 people have reported falling victim to an elaborate type of online trading scam – known as binary options fraud – in the last five years, new figures reveal.