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‘It was a terrific business,’ Pini Peter says of binary options firm SpotOption, ordered to pay back over $200 million by judge after it mounted no defense against US allegations
Employees arrested and real estate, luxury cars and jewelry seized in connection with Israeli-owned site accused of bilking people out of millions of euros
Detectives obtain footage of ex-industry executive alleging SpotOption software was tilted against investors; clip to be used as evidence in class-action lawsuit filed in Tel Aviv
A California district court has entered into a final judgment against 3 operators of binary options schemes, who defrauded thousands of retail investors.
A clearly annoyed NPI boss Paul Crawford told me: 'We have no involvement with Your Options and have not provided any kind of approval to them. We will be contacting Your Options immediately to demand that they cease the misuse of our name and that they withdraw any promotional collateral that refers to us.' Your Options and Ashley Parkin-Beacher did not respond to repeated invitations to comment. Company records describe Your Options as a 'market research and public opinion polling' business, with no mention of financial expertise. It seems likely it works on commission, drumming up b...