Hope for victims of Binary Options scams as
fraudulent broker is arrested in Israel.
Israeli news sources have announced that the owner of a
Binary Options firm in Israel has
been arrested for a diverse list of charges, namely fraud,
false registration, forgery, extortive threats and
blackmail.
The arrest has come after months of under-cover investigations
and an eventual police raid of Express Target
Marketing, of which the suspect, 38-year-old Eliran Saada,
is the owner.
This company operates the binary option brands
Secured Option and InsideOption.
The suspect will this week stand before the Tel Aviv
Magistrate's Court for a remand hearing.
The investigation came following the complaint of an overseas
victim, who lost up to half a million dollars
through the scam. Binary options trading involves betting on the
rise or fall of a particular financial asset –a currency,
commodity or stock – over a very short period of time.
