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Binary options fraud netted $165 million for 10 companies and individuals, US CFTC alleges

( September 2, 2020, 17:31 GMT | Official Statement) -- MLex Summary: A total of 10 companies and individuals were charged by the US Commodity Futures Trading Commission with running a fraudulent binary options trading scheme that garnered over $165 million from individual investors. The scheme involved off-exchange transactions on currency pairs, oil and other commodities from 2013 to 2018. Payouts on binary options depend on whether the price of an asset that underlies the option comes to fall above or below a specified amount by a particular date.Statement follows in full. Also see document below. ...

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