Exploring the murky world of unregulated binary options trading and the global business network behind it. Thousands of British savers have lost millions of pounds to this type of fraud, and a legal loophole has left them completely unprotected. The Bureau wants to pressure the UK government into taking action.
Binary options trading is sold as an investment opportunity but in reality it’s a very risky gamble or a straight-up scam. Police say it’s become the biggest fraud in the UK.
The National Fraud Intelligence Bureau’s head of crime said police receive an average of two reports of binary trading fraud a day, with the average investor losing £16,000.
The Bureau spoke to dozens of people across the UK who had been targeted by a range of different companies. Many people have had money taken off their credit cards without consent.
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