Binary option: Difference between revisions

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There is also a popular binary options recovery services scam, where fraudsters promise to "hunt" down the binary options scammers and retrieve the money from them through legal methods.<ref>{{cite web|url=https://www.financemagnates.com/binary-options/analysis/scamming-the-scammed-recovery-experts-target-binary-options-victims/ | title =Scamming the Scammed – 'Recovery Experts' Target Binary Options Victims | last=Kimberley | first=David | website=Finance Magnates | date=July 27, 2018 | access-date=December 8, 2018}}</ref><ref>{{cite web|url=https://www.thatsucks.com/recovery-services-the-real-story/ | title= Binary Options Recovery Services – The Real Story | last=Kay | first=Martin | date=December 5, 2018 | website=thatsucks.com | access-date=December 8, 2018}}</ref> In January 2018, Boston federal prosecutors filed a complaint against Leonel Alexis Valerio Santana and Frank Gregory Cedeno, accusing them of such type of fraud.<ref>{{cite web|url=https://www.reuters.com/article/us-usa-fraud-sec/u-s-charges-two-over-fraud-featuring-bogus-sec-employees-idUSKBN1FC38F | title=U.S. charges two over fraud featuring bogus SEC employees | date=January 24, 2018 | publisher=[[Reuters]] | access-date=December 8, 2018}}</ref> In August 2018, Santana was sentenced to 63 months in prison, three years of supervised release, and ordered to pay restitution of $105,869 (Cedeno was indicted in March and pleaded not guilty).<ref>{{cite web|url=https://patch.com/massachusetts/boston/man-gets-5-years-prison-boston-dominican-sec-email-scam | title=Man Gets 5+ Years Prison For Boston, Dominican SEC Email Scam | last=Fisher | first=Jenna |date=August 16, 2018|website=[[Patch Media|Patch.com]] | access-date=December 8, 2018}}</ref>
 
There is also a popular binary options recovery services scam, where fraudsters promise to "hunt" down the binary options scammers and retrieve the money from them through legal methods.[82][83] In January 2018, Boston federal prosecutors filed a complaint against Leonel Alexis Valerio Santana and Frank Gregory Cedeno, accusing them of such type of fraud.[84] In August 2018, Santana was sentenced to 63 months in prison, three years of supervised release, and ordered to pay restitution of $105,869 (Cedeno was indicted in March and pleaded not guilty).[85]
 
== See also ==