UPDATE: "Queen of binary options" Lee Elbaz whose role was exposed by the Bureau in 2016, convicted on four counts relating to $145m fraud
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.