Banc de Binary Mega Scam - Details of where to Complain to

AnneW

Master Sergeant
Messages
314
I've been asked to start a new thread with the info below being shared right up front here instead of having it embedded as post #193 on page 20 of my original complaint thread at http://www.forexpeacearmy.com/community/threads/banc-de-binary-mega-scam.43677/page-20.

Can everyone also send emails to public@isa.gov.il - to complain about BDB to them as it is an Israeli registered company as well - although it won't provide services to Israelis - guess they know that they will be hard hit by the Israeli government if they try and scam their own Israeli people!
I informed the Israeli government in my email that I was writing to notify them of the mega scams and to complain about Banc de Binary (Banc de Binary Ltd / ET Binary Options Ltd / BO Systems Ltd / BDB Services Ltd?? / BDB Services (Belize) Ltd), a financial institution owned by one of their citizens, Oren Shabat Laurent aka Oren Shabat aka Oren Cohen, who is also a US citizen as well. I told the Israeli government that I understand that Banc de Binary is based in Cyprus and Israel, and is fully registered in Israel under registration number 514405281. I told them that I have been scammed and defrauded by Edward West and Banc de Binary out of USD$52,600, and I set out all the details of my complaint to the IFSC Belize and the Cyprus Financial Ombudsman.

I also provided the Israeli government with the link of the Banc de Binary building, that huge tower in Ramat Gan, Tel Aviv District, Israel, which was circulated in this forum - https://goo.gl/maps/fCJQYA9Ugvs (https://www.google.nl/maps/@32.0851...4!1sg8dj1vqRGT_e8Ear8N-vCA!2e0!7i13312!8i6656)

And I attached an extract of an article on Oren Laurent's interview in 2011 with Binary Options Daily (from http://www.forexpeacearmy.com/commu...ary-bbinary-com-issue.17052/page-4#post-87822, post #31) where Oren Laurent in effect states that Israeli citizens are not allowed to trade on the Banc de Binary platform (so they can't be scammed, whereas it's ok to scam the rest of the world!). He also provided a US address at Trump Tower on Wall Street, New York, when there was no such registered security firm with that name in the US.

As my email was sent before the US$11M settlement with the SEC/CFTC in the US, I will be sending them a follow up email with news of the settlement, and I would encourage EVERYONE to also write in to public@isa.gov.il and also mention the recent settlement and provide them with a copy of that news article at https://leaprate.com/2016/02/banc-de-binary-reaches-11-million-settlement-with-us-authorities-wsj/

I asked that the Israeli government investigate the scams perpetrated by Banc de Binary and to do something to stop them from continuing to scam the public globally and tarnish the good name of Israel while they are at it, even though they are not scamming the Israeli public. I provided them with all the links starting with my post on being defrauded and scammed by Banc de Binary at http://www.forexpeacearmy.com/community/threads/banc-de-binary-mega-scam.43677/; as well as the following links on the Banc de Binary scams which have been posted in various forums at http://www.forexpeacearmy.com/community/search/648062/?q=banc+de+binary&o=relevance; http://www.scambook.com/company/reports/45549/Banc-De-Binary;
http://www.gpwa.org/forum/beware-banc-de-binary-215602.html;
http://www.trade2win.com/boards/futures-options/183296-banc-de-binary-caught-cheating-i-grewaccount-
1000-a.html; http://www.tradecomplaint.com/tradi...ary-com-broker_i13289#.Vs1b-zYaLIU&gsc.tab=0;
and several complaints against Banc de Binary at http://www.binaryoptions.net.au/binary-options-complaints/, including the following complaints -
http://www.binaryoptions.net.au/com...money-banc-de-binary-emtied-my-account-of-14-000e/; http://www.binaryoptions.net.au/complaint/no-risk-investment-has-loss-all-my-money/; and http://www.binaryoptions.net.au/complaint/beware-of-brokers-lies/; amongst others.

Please feel free to include all the links above and whatever other links you have as well when you complain to the Israeli government as well as all other regulatory authorities, and the Banc de Binary regulatory authorities (CySEC (http://www.cysec.gov.cy/en-GB/cysec/contact/), Financial Ombudsman of Cyprus (complaints@financialombudsman.gov.cy and fin.ombudsman@financialombudsman.gov.cy), and the International Financial Services Commission of Belize (director@ifsc.gov.bz; www.ifsc.gov.bz/) to make them aware of how widely Banc de Binary are scamming people globally!

Please also do not forget to write in to Standard Chartered Bank as Liverpool FC's main corporate sponsors, as well as the owner of Liverpool FC and point out to Liverpool FC about how Banc de Binary now have access to all the Liverpool FC supporters to scam as well with Liverpool FC's endorsement of them as a "partner" and notify Standard Chartered that they are now tainted by association with Banc de Binary as a Liverpool FC "partner" ... please see my post at http://www.forexpeacearmy.com/community/threads/banc-de-binary-mega-scam.43677/page-8, post #78.

The Fenway Sports Group in the US is the parent organization for Liverpool FC (www.fenwaysportsgroup.com; Email: info@fenwaysportsgroup.com).
The sponsorship arm is Fenway Sports Management (http://www.fenwaysportsmanagement.com; Email: info@fenwaysports.com)
Also, with the recent bad publicity in early February 2016 generated by the Liverpool FC fans for the ticket price increase (http://www.express.co.uk/sport/foot...talks-over-ticket-prices-protests-News-Gossip), can you imagine what sort of publicity that would generate when the fans are scammed by Banc de Binary as they are ripe pickings for Liverpool FC's "partner"!

For Standard Chartered, I think we can contact any of these people at https://www.sc.com/en/news-and-media/media-contacts/corporate-media.html. I'm sure that they will forward the complaint email to the appropriate department to look at it.. For those who were scammed with their Standard Chartered credit cards, please make special mention of that too - I certainly will, and so will one other person, I'm sure! I'll be sure to mention too that Banc de Binary after more than 2 weeks of silence started jumping up and down and asking me to stop the banks from making the counter-claim / chargeback when they were hit with this specific bank's counter-claim!

Please also don't forget to lodge and file complaints with:
(1) IC3 at https://www.ic3.gov/complaint/default.aspx
(2) econsumer.gov at https://www.econsumer.gov/en/Details#crnt; and
(3) INTERPOL at http://www.interpol.int/Forms/Contact_INTERPOL - this is just so INTERPOL also receives complaints from all of us who have been scammed by Banc de Binary first pending official reports lodged by our respective police departments globally.

So please follow up and make sure that police department in the country where you lodge your complaint also escalates your case to INTERPOL, as your official police report is what INTERPOL will look at officially, and what will work in all our favour is that INTERPOL already has official reports and files on Banc de Binary from other victim reports from this forum and elsewhere, I'm sure, eg "lost enough" who had filed a police report with the RCMP who advised them to INTERPOL and they did get all their money back from Banc de Binary after INTERPOL's investigation - see http://www.forexpeacearmy.com/community/threads/banc-de-binary-is-a-scam.26127/page-7#post-228129.
 

Pharaoh

Colonel
Messages
19,902
Excellent post.

One further suggestion. Any reports filed with IC3. eConsumer, ActionFraud, etc. usually have report numbers. Post those in this thread so that others can reference them in their own reports. This will make it easier for anyone investigating to see how big the problem is and to get access to more evidence,.
 

AnneW

Master Sergeant
Messages
314
In addition to Angel ren's posting at http://www.forexpeacearmy.com/community/threads/banc-de-binary-mega-scam.43677/page-20, post #195, for HK, this is what I've notified the regulatory authorities in Malaysia in relation to the following. Please do the same with the regulatory authorities in your country as well if you haven't already, so that Banc de Binary is put on as many countries' blacklists and Investor Alert Lists as possible:

Please note that Banc de Binary has been put on the Alert List by the Securities & Futures Commission of Hong Kong on 28 Nov 2014, at http://www.sfc.hk/web/EN/alertlist/b.html, as
they are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors.

The Australian Securities & Investments Commission (ASIC) has put Banc de Binary on their scam watch list in May 2015 at https://www.moneysmart.gov.au/scams/companiesyoushouldnotdealwith/
unlicensedcompanieslist/b/bancdebinaryltdbdbservicesltd.

The Financial Markets Authority in New Zealand has also followed suit with ASIC and issued a warning against dealing with Banc de Binary in January 2016 at http://fma.govt.nz/news/warningsandalerts/azlistofallfmawarnings/#B.

The Ontario Securities Commission in Canada placed Banc de Binary on its warning list in October 2012, and the
Autorité des marchés financiers (the “AMF”) in Quebec, Canada placed Banc de
Binary on its warning list in August 2013 as well https://www.lautorite.qc.ca/en/pressreleases2013corpo.html_2013_cautionbancdebinary.html.

Both the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) respectively filed law suits against Banc de Binary in June 2013, charging it with violating U.S. law by soliciting U.S. citizens and operating as an unregistered Futures Commission Merchant (FCM) see
https://www.sec.gov/News/PressRelease/Detail/PressRelease/1365171575220 and
http://www.cftc.gov/PressRoom/PressReleases/pr660213.


Banc de Binary has recently settled its case with the SEC and CFTC for USD$11 million. See
https://leaprate.com/2016/02/bancdebinaryreaches11millionsettlementwithusauthoritieswsj/

Banc de Binary's licensor and regulator, being the Cyprus Securities and Exchange Commission (CySEC) requires that in order for Banc de Binary to provide services to a third country outside of the EU, the regulator in the country where Banc de Binary is providing services has to officially allow them to provide services to the residents there, or provide them with an exemption in writing for the same. The Circulars issued by CySEC in relation to this matter are (1) Circular C096 (following CI144-2013-22A) to CIFs - Services and Activities in a third country, and (2) Circular CI144-2013-22A to CIFs - services and investment in a third country.

The IOSCO Org Investor Alert website also sets out the following alerts against Banc de Binary at http://www.iosco.org/investor_protection/?subsection=investor_alerts_portal (Quebec, Canada 8 August 2013; and the U.S 17 August 2011); http://www.iosco.org/investor_protection/?subsection=investor_alerts_portal (Australia 6 May 2015) and http://www.iosco.org/investor_protection/?subsection=investor_alerts_portal (Ontario, Canada 15 October 2012).​
 

AnneW

Master Sergeant
Messages
314
All, please make sure that you take snapshots of your account balance and account details - the amounts deposited and account number before they lock you out of your account and wipe it off their website, thus stealing whatever else remains in your account and pretending that you were never a customer of theirs in the first place, because once you start escalating and invoking the chargebacks, they will do that very quickly!

I hadn't even invoked the chargebacks with the banks before Banc de Binary wiped out my account and locked me out - I had however been complaining vociferously to Tracey Ludlam, Head of Customer Service and on the FPA forum at that time ...
 

AnneW

Master Sergeant
Messages
314
For the unfortunate victims who have been scammed, but "fortunate" enough to find this forum within the first 24-48 hours of being scammed, please call your banks IMMEDIATELY and ask them to STOP PAYMENT on your credit card as you have been SCAMMED. You have a 24-48 hour window before the funds are actually transferred to Banc de Binary / any other binary broker's / scammers' bank account! The banks will then stop the charges and reverse out the transactions as the money has not been transferred. This is the best scenario for all victims.

As for those who have passed this window of opportunity, please DO NOT SIGN the DOD or bonus arrangement or any other document that the scammers ask you to sign. Do not provide your ID details to "VERIFY" your accounts. Without that, you should not be allowed to trade if they actually adhere to the Anti-Money Laundering laws! But unfortunately this is not adhered to by some of the brokers, as I myself have been unfortunate to experience as well. Keep insisting and persevering with the withdrawal of all the funds deposited, as your money is still intact in your account ...

The SEC has identified 3 types of binary options fraud - please see page 2 of their Investor Alert at https://www.sec.gov/investor/alerts/ia_binary.pdf - all of which are applicable to Banc de Binary from the various complaints on the FPA forum!!!
 

AnneW

Master Sergeant
Messages
314
Most importantly of all, when you lodge your disputes for a chargeback with your banks, please make sure that your banks immediately cancel your credit cards and replace them with new ones so that these scammers who have been known to make additional deductions without some victim's knowledge, cannot do the same to you!
 

AnneW

Master Sergeant
Messages
314
Please also take a look at this additional scam going on with someone from Nigeria pretending to be the Head of Cysec, Mrs Demetra Kalogerou, and trying to extort money to settle the scams by Cysec regulated companies! They even spelt her name wrongly!! See the post on the FPA forum about it - http://www.forexpeacearmy.com/commu...help-get-funds-back-fake-cysec-address.44276/. Please ignore this if you receive any such email. They are all out to make a quick buck from people who are already down and out. I hope that karma get all these unconscionable scums in a mega fashion sooner rather than later.
 

AnneW

Master Sergeant
Messages
314
just came across this website - obviously paid to promote banc de binary! - "best regulated broker" - an absolute joke!!!!!! fairbinaryoptions.com/brokers
 

Pharaoh

Colonel
Messages
19,902
Some sites like that belong to the scam brokers. Others belong to IBs who don't care what happens to clients.
 
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