Binary Options could cost you a lot. Some lose money, some lose time, and some lose family. Such is the exact case of Fred Turbide, who ended his life due to a Binary Options Scam. Fred was a privilege customer at 23 Traders where he decided to trade his money for the past 9 years. Unfortunately, with the recent introduction of binary options trading by the team, they soon realized that Fred can easily be fooled. Little did they know that Fred would take his own life due to such a nuisance.
Fred was a Canadian entrepreneur who had received a lot of entrepreneurial awards during his lifetime. He was a millionaire and was completely self-made. Little did he know that 23 Traders would make him lose all his money. The sad situation is such that they continued to charge Fred’s credit card even after his death. A later investigation found out that 23 Traders was operating as a fake call center from Tel, Aviv Israel. So far it has raked in millions of dollars owing to all the fraudulent practices that they embodied.
The Canadian authorities have strictly mentioned that the Canadian residents and investors should not invest with firms that are regulated outside Canada. If the money is sent offshore, they are not responsible for anything that happens with them. Money once lost is extremely difficult to recover. Hence, it is recommended to stay safe with your money.
