Member Article

The Nefarious Practices of Binary Options Scammers

There are times in anyone’s financial life when you are desperate for just a little more money. That’s when fraud artists, such as binary options scammers like to take advantage of you. Even if you have only little money to invest, if they can get enough people just like you, they can make a bundle – and then disappear.

How Binary Options Fraud Works

The most common practice for these binary options fraudsters is to set up a website that has money-handling software that appears to be investing your money. It will display an ever-growing balance in your account. The “broker” will encourage you to invest more and more – even suggesting that you borrow money to add to your stash. But if you request even a part of the money the scammer will refuse to give it back. He or she will have an array of valid excuses – a banking holiday, Internet connection is down, telephone is cutting out – and then one morning, no one will answer the phone. Next, the website disappears. Now, your desperate situation is even direr than before. Not only do you not have the money you thought you had, but you are in debt. More than that, the so-called broker now has your personal information – bank account numbers, your name, perhaps even a personal id number.

Notify People Who Can Help

Should this be you, there are some immediate steps you should take. Notify both your bank and your credit card company for the problem. One of the things that these scammers do is they use your personal information, essentially stealing your identity. Next, contact a wealth recovery lawyer, such as Goldman Williams. Your complete investment might not be recoverable, but a representative from that company or one like it will be able to tell you if you have a case and if there’s any hope of recovery.

Wealth Recovery Specialists

£Goldman Williams has been doing this for the last thirteen years. There is hope for recovering at least part of your investment. They and other wealth recovery specialists give their full attention to dealing with fraudulent activity such as binary options scams. They are prepared to follow the money, and at the very least, expose these nefarious operations.

This was posted in Bdaily's Members' News section by Kavinesh .