Binary Options scams 2016
Dear Australian Competition and Consumer Commission,
Just how many reported cases of Binary Option fraud were there in Australia last year?
What was the monetary value of these losses?
I reported my case to all pertinent authorities as I hope many others did.
I am hoping that the numbers are high so these scammers will be closed down forever-
Yours faithfully,
AL
Dear AL
Please find attached letter for your consideration.
Regards,
Sonya Petreski
FOI Administration Assistant | Corporate Law Unit, Legal Group
Australian Competition & Consumer Commission
Level 2 | 23 Marcus Clarke Street Canberra 2601 |
[1]http://www.[ACCC request email]
T: +61 2 6243 1244 | F: +61 2 6243 1210
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Dear FOI,
I have found the information required in an article found in the Sydney Morning Herald dated 6/2/17-namely-179 Australians reported collectively losing $6.8 million to binary options scams in 2016 – on average $38,000 each. Apparently it came from the Competition Regulator.
Yours sincerely,
A L
Locutus Sum left an annotation ()
A description of binary options is available from the Australian Securities and Investments Commission on this webpage: https://www.moneysmart.gov.au/investing/... .
The Australian Competition and Consumer Commission has a warning about scams with binary options; it is on this webpage: https://www.scamwatch.gov.au/news/dont-b... .