Update on Giambrone Legal actions against Banc de Binary and Options FM


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This is another update from Giambrone Law...

For immediate release
March 2017

Giambrone launches two Class Actions and Regulatory
Complaints against Banc de Binary and Options FM

Giambrone has launched a three pronged attack on Banc de Binary in an attempt to retrieve the funds lost to them by our clients. A class action is about to launch in Israel against Banc de Binary/Options FM (BdB/OFM group), their shareholders and directors, in partnership with Israeli lawyers, F H Law. A similar action is imminent in the UK against the corporate entities of BdB/OFM group.

Joanna Bailey, head of Giambrone’s financial services, forex & binary options litigation team stated “Giambrone is making a determined effort on behalf of our clients to obtain restitution of the mis-appropriated funds for our clients”, she further stated “many of our clients find their finances in tatters as a result of the actions of Banc de Binary, they trusted this organisation and have been left with nothing”.

In addition to the two legal actions Giambrone is also targeting the regulatory authorities in Cyprus in that we are making regulatory complaints to the Financial Ombudsman in Cyprus. Vito Anello, an associate within Giambrone’s financial services, forex & binary options litigation team said “Regulatory Bodies should protect individuals from this type of fraud and take the appropriate steps to address the issues in a timely manner”, he also remarked, “Regulatory Bodies’, including Cyprus Securities and Exchange Commission (CySEC), first responsibility is to the victims of such practices and regrettably it seems that this organisation has been very slow to act”.

If you have been targeted by Banc de Binary or Options FM and would like to join either class action please contact our client services team by email clientservices@giambronelaw.com or by calling 020 7183 9482 for further information about joining the class action and our litigation funding option