DOJ Indicts 15 Employees For Links To $140M Binary Scheme

Law360 (November 8, 2019, 7:07 PM EST) -- An indictment that was unsealed Friday alleges that 15 individuals, including two former company owners, orchestrated a scheme that marketed roughly $140 million in binary options, misleading investors about their investments and profiting off their losses.

The U.S. Department of Justice claims that two operators of a binary options network and 13 other employees misled investors by failing to disclose that their companies, BinaryBook and Big Option, profited when investors lost money and misled them regarding the returns they could expect on their investments. 

According to the indictment, BinaryBook and Big Option were operated through a network with Linkopia (Mauritius) Ltd.,...

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