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Posted: July 20, 2018, 2:18 pm

“Prediction Market” companies fined $3 million for illegally trading binary options
LeapRate
The Commodity Futures Trading Commission (CFTC) today announced that on July 5, 2018, Senior Judge Royce C. Lamberth of the U.S. District Court for the District of Columbia issued an Opinion and Order (Order) against Defendants Intrade The Prediction ...

Posted: July 20, 2018, 11:35 am

Remember Intrade? CFTC Hits Defunct Binary Options Brands with ...
Finance Magnates
Two binary-options brands, Intrade The Prediction Market Limited (Intrade) and Trade Exchange Network Limited (TEN), have been hit with a $3 million penalty ...
Illegal binary options trading nets Intrade and TEN a $3 million fineLeapRate
Federal Court In District Of Columbia Orders “Prediction Market ...Exchange News Direct

all 2 news articles »
Posted: July 19, 2018, 8:34 pm

UK High Court Shuts Down Bogus Binary Options Trader Eclipse
Finance Magnates
The British High Court has announced today that it has shut down binary options trader, Eclipse Finance Limited following the company's use of aggressive marketing techniques. According to a statement published on the United Kingdom government's ...
Binary options company shut down over false and misleading claimsGOV.UK

all 2 news articles »
Posted: July 18, 2018, 11:42 am

US seeks record $75m. from marketer for steering victims to Israeli binary scams
The Times of Israel
Shah and his company “induced people to deposit money with illegal binary options trading websites” by “offering miracle software 'trading systems' with names like 2014 Millionaire, Binary Genetic, and Millionaire Money Machine.” They attracted their ...

Posted: July 18, 2018, 10:27 am

UK binary options clampdown sees another fraudulent entity wound up
FinanceFeeds (blog)
The efforts of the UK authorities to tackle binary options scams continue. The Insolvency Service has confirmed that another binary options company was shut down over false and misleading claims. The entity in question is Eclipse Finance Limited ...

Posted: July 18, 2018, 7:12 am

Marketer Wants Out Of CFTC's $16M 'Binary Options' Suit
Law360
Michael Shah and his Jacksonville, Florida-based company Zilmil Inc. said that with trial only six months away, the regulatory agency has not been able to proffer any evidence that they directed customers to the binary options trading website Citrades ...

Posted: July 13, 2018, 10:36 pm

CFTC seeks to impose monetary penalty of $56m on binary options marketers
FinanceFeeds (blog)
The US regulators continue their fight against binary options scams, with the United States Commodity Futures Trading Commission (CFTC) now asking for a heavy monetary penalty to be imposed on binary options marketers Michael Shah and his company ...

Posted: July 13, 2018, 7:53 am

NY Court orders binary options, Bitcoin fraudsters to pay monetary penalty of $1.5 million
FinanceFeeds (blog)
The defendants – Dillon Michael Dean and The Entrepreneurs Headquarters Limited (TEH), are accused of running a binary options and Bitcoin scam in the United States. TEH is an England and Wales company, incorporated on or about April 24, 2017.

Posted: July 11, 2018, 7:25 pm

US govt insists alleged binary options fraudster Lee Elbaz remains significant flight risk
FinanceFeeds (blog)
Let's recall that Lee Elbaz is accused of participating in a years-long, internet-based investment fraud – including as the Chief Executive Officer of a company called Yukom Communications- concerning the sale and marketing of “binary options.

Posted: July 5, 2018, 12:07 pm

Binary options trading is dead — though few will mourn it
Financial Times
Dearly beloved readers. We are gathered here today to celebrate the passing of binary options, the much-hated financial instrument. Traded by risk-hungry speculators, binaries brought riches to the few and hefty losses to the many. They inhabited that ...

and more »
Posted: July 5, 2018, 4:03 am

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