I came across this story posted in another thread, and before anyone decide's to trade binary options, this story should be essential reading. It has confirmed all my suspicions about "standard operational procedure" at all these BinaryOption scam firm's.
Using fraudulent misrepresentations, the defendants induced people to deposit money with illegal binary options trading websites that purported to offer customers the ability to trade so-called binary options contracts online. The defendants acted as marketers for the following binary options websites: LBinary, Global Trader 365, Vault Options, TraderXP, Trade Rush, Banc de Binary, Citrades, OptionMint, OptionRally, RBOptions, Bloombex Options, Redwood Options, BeeOptions, Amber Options, OptionsXO, and SpotFN.
…and now what for the victims, at least on US side, as well those which were obliged to signed these fraud waivers just to recover some SMALL % and turn silent....
Lets see what will come up with GMM, one thing for sure, scamming of US citizens sounds far more massive then shown