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 […]

» Read more

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 […]

» Read more