The trial of Lee Elbaz, whose role in binary options fraud was exposed by the Bureau in 2016, has begun in the US
The European Union has banned binary options fraudsters selling to individuals
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.