The binary options industry has been generating huge amounts of money, employing thousands of people, and cheating investors worldwide with many different scams. It has been doing terrible harm to its victims. The center of this scam has been Israel. Finally, the government of Israel has taken action.
The binary options scam is run on a never ending stream of websites. The home base for many of the companies that run these scams is Israel. Investing with these companies offering binary options should be avoided. It can be nearly impossible for you to recover your money. My subscribers have requesting I take a look at IQ Option. Here is what I have found.
The Securities and Exchange Commission today announced it obtained an emergency asset freeze to halt a fast-moving Initial Coin Offering (ICO) fraud that raised up to $15 million from thousands of investors since August by falsely promising a 13-fold profit in less than a month.
Ponzi schemes are very popular these days and Russian scammers have been making a killing running them over the last few years. One of the most popular is MMM. It seems to never die and just moves from country to country. My subscribers have requested that I take a look at the SkyWay Capital Partner Program. Here is what I have found.
A vast network of online marketers and the three people behind it have agreed to settle Federal Trade Commission charges that they sold more than 40 weight-loss, muscle-building, and wrinkle-reduction products to consumers using unsubstantiated health claims, fake magazine and news sites, bogus celebrity endorsements, and phony consumer testimonials.
For years, many people who lost money to scams sent their payment through a Western Union wire transfer. Scammers contacted people and promised prizes, loans, jobs, discounted products or other financial rewards in exchange for money upfront. They also pretended to be family members in need of cash or law enforcement officers demanding payment. The scammers told people to send money through Western Union. No one received the cash, prizes or services they were promised.
I have had many requests by my subscribers to share my personal opinion of the Rodan + Fields business opportunity. The time has come for me to do that. What I found very disturbing about this business opportunity is that when looking for information on Rodan + Fields I found the following post "Stop & Read: The Scam that is Rodan + Fields". This post is by a representative of Rodan + Fields who goes on to tell you that it is not a scam. Clearly people are concerned that Rodan + Fields is a scam.
There has been a LuLaRoe Twitter storm that has been raging for some time about the changes they made to their Buyback program. Now a class action lawsuit has been filed over this Buyback program.
On October 10th, 2017 Colombia issued a warning for iMarketsLive. The iMarketsLive scheme has been spreading around the world. I have listened to recent iMarketsLive calls and their focus is recruiting people into their scheme. In my opinion, retail sales and investing are secondary to recruiting people into iMarketsLive.
An Initial Coin Offerings (ICO) is an unregulated means of crowdfunding via use of cryptocurrency, which can be a source of capital for startup companies. In an ICO a percentage of the newly issued cryptocurrency is sold to investors in exchange for legal tender or other cryptocurrencies such as Bitcoin. Since ICOs are unregulated, scammers have free rein to tell you anything to get your money. Don't let these scammers take advantage of you.
On September 21, 2017 police took down a Ponzi scheme based on a fake digital currency named Kriptacoin. The Kriptacoin operation began in January of 2017. The operators of this scam convinced people to join with false promises of income reached 1% per day.