Jason Roy couldn’t believe his luck when a phone scammer rang him up and offered an “amazing investment opportunity” from a so-called binary options trading firm. Roy is the senior investigator at the Manitoba Securities Commission (MSC) and happens to sit on a national working group on combating binary options investment fraud. In the last two months, Manitobans have reportedly lost nearly $160,000 to fraudulent binary options firms, according to the MSC, which suspects losses may be higher due to unreported cases.

Read the full article at CBC News.