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CFTC charges Jason Scharf, Citrades, and associates with Binary Options Fraud

Discussion in 'Forex Articles' started by AsstModerator, Jul 19, 2017.

  1. Pharaoh

    Pharaoh Colonel

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    Another piece of vile scum will finally be seeing how far the long arm of the law can reach. Let's hope the regulators keep shutting down criminal organizations like Citrades. I hope Jason Scharf gets to spend a long time rotting in prison for his deeds.
     
  2. Husam Ahel

    Husam Ahel Recruit

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    Jason Scharf is a fraud and all his employees are applying the policy he put. The training course in scamming identity has nothing about Financial Market but to much about lying and scamming. More heads must be taken to the court. Thank you
     
  3. oscarra

    oscarra 2nd Lieutenant

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    https://www.justice.gov/criminal-vns/case/jason-scharf

    UPDATE – February 28, 2019: Defendant Jason Scharf is scheduled to be sentenced on September 9, 2019, at 8:00 AM.

    “ Scharf further admitted that while Citrades marketed itself as a trading platform through which binary options could be traded, investors were not actually trading with other investors. Instead, they were investing in transactions whose parameters, including the “strike price” associated with the binary option, were set by a separate company that served as a platform provider.”

    …was it spotoption, pandats…..? anyway the platform providers are laughing and stupid Scharf end’s up in the gutter, happens always by surprise :oops:
     

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