A 61-year-old Canadian man has taken his own life after losing over 200,000 Canadian dollars to an Israeli-run binary options firm, a Canadian law-enforcement official told The Times of Israel.
Two-thirds lost to 23Traders.com platform from Israel
On December 21, 2016, Frederick Felix Turbide of Edmonton, Alberta, shot himself in the chest after losing his savings and additional money he borrowed, totaling over C$300,000, to several binary options trading websites. He lost some two-thirds of this sum on the 23Traders.com platform, which operates from Israel.
Read more at The Times of Israel.
This article is summarized by Canadian Fraud News Inc.