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 privileged customer at 23 Traders, where he decided to trade his money for the past nine years.
Unfortunately, with the team’s recent introduction of binary options trading, they soon realized that fooling Fred was very easy. Little did they know that Fred would take his own life due to such a nuisance? Fred was a Canadian entrepreneur who had received many entrepreneurial awards during his lifetime. He was a millionaire and was entirely self-made. Little did he know that 23 Traders would make him lose all his money?
The sad situation is 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 regulated firms outside Canada. If they send money offshore, they are not responsible for anything that happens with the money.
Money once lost is extremely difficult to recover. Hence, we recommend you stay safe with your money.