Citrades CEO Pleads Guilty to Running $8 Million Binary Option Scam

Jason Scharf, an Israeli-American operator of the now-defunct binary-options brand Citrades, pleaded guilty to his role as CEO of the company that swindled more than $8 million from at least 8,000 victims, most of them located in the United States. Jason Benjamin Scharf, 37, of Los Angeles, California, has been […]

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FSMA Warns Against New Boiler Room Operations

Here it is folks, your daily reminder that the never ending war on boiler room dwelling scammers is indeed never ending. This Thursday, the Financial Services and Markets Authority (FSMA), a Belgian regulator, released the names of six firms it said were trying to sell their services to citizens of […]

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FSC Warns Against 247 Options Trade for Second Time in 12 Months

The Financial Services Commission (FSC), a Mauritian regulator, announced this Wednesday that someone from the binary options firm, 247 Options Trade, is using a fake investor dealer license. Lilly Pearson, if that is even a real name, claims that the FSC issued her with the license in 2012. This isn’t […]

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