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Massive 3-Brother Scam Shut Down by Canadian Regulator

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  #1  
Old 18-01-2021, 16:43
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Default Massive 3-Brother Scam Shut Down by Canadian Regulator

Three Canadian-Israeli brothers were recently incriminated by the Ontario Securities Commission (OSC) for an enormous binary options scam – apparently they scammed over 700 local investors out of $1.4 million.
The three brothers - Joshua Cartu, Jonathan Cartu and David Cartu – allegedly operated out of a call centre in Tel Aviv, Israel, and controlled two binary options brands called Beeoption and Glenridge Capital.
The scam has been in operation for a long time – since 2014 and between that year and 2017 it profited about $225 million from many investors around the world. Naturally, money invested in these brands could not be withdrawn.
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Binary options have all but become synonymous with the word "scam" by now. The whole industry seems rotten.
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Old 02-05-2021, 13:03
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Join Date: Oct 2013
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Default Re: Massive 3-Brother Scam Shut Down by Canadian Regulator

Glad that I trade with reliable broker which is over 10 years in the business and has solid client base. I think it is important to not fall for regulation and consider other aspects like warnings or endorsements in the internet.
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