An Alberta woman is warning others of the alarming trend of binary options scams after losing $75,000 to the investment fraud.
The woman said that the scam started out sounding, “quite plausible,” and other websites even claimed the company she was using was legitimate. “Basically it’s almost like a hypnotic formula that’s used with the premise that of course money makes money, and the more money that’s invested, the bigger the outcome,” she said.
Read more at CBC News
This article is summarized by Canadian Fraud News Inc.
Marina Burghard writes for Canadian Fraud News about fraud-related cases, whistleblower, jurisdiction, identity theft, consumer protection, etc. – essentially about scams and how to protect yourself against this kind of fraudulent criminal behavior. She holds a Master’s degree in Political Science where her interest in criminology grew. Besides fraud, Marina’s scientific interest lies in terrorism, extremism and how to deal with it as a society.