Road to Recovery
Firstly, you need to know that you are not the only one who has been scammed by the binary options industry. Binary options trading has been identified as a global scam.
We estimate that about 90% of the companies are not located where they claim to be, and we believe that they have been misrepresenting themselves, exploiting thousands of clients for billions of dollars.
Secondly, you should know that the legal route is the best way to address fraudulent binary options brokers. You can read more about the dishonest practices that occur within the binary options industry.
How They Operate
The set-up of an unregulated forex, cryptocurrency or binary options company is layered by design. These companies hide their true identity in a number of jurisdictions.
They register as a corporate entity in an offshore jurisdiction, whilst claiming on their website to be based in a respected and trusted financial hub such as London.
Where you sent the funds
Somewhere in Europe, such as Austria, the Czech Republic or somewhere is Asia, such as Hong Kong. The reality is that you are being contacted from a call center in Tel Aviv – this is where operations are usually based.
What We Need From You
The information needed from the client’s side is imperative for a successful claim. The documents needed are anything and everything related to the fraudulent company in question including emails, agreements, terms and conditions etc. This is how we begin compiling the evidence. Any additional information our clients have on the company (e.g. screenshots or documented unusual behavior) are important and very helpful.
We request personal documents from all of our clients, which include:
Proof of payment (POPs), questionnaire, testimonial, I.D, and sometimes credit card statements.
Who Our Sources Are
One of the most effective ways to reveal the real information about these companies is by working with company informants in the jurisdiction that they operate, be it Tel Aviv, Czech Republic, Philippines or somewhere else. Informants from these companies provide us with signed affidavits revealing exactly how the operation works and the methods they use to defraud helpless victims.
So, what sort of information do these affidavits contain?
We verify this information with pay-slips to corroborate the affidavit, proving beyond any doubt, that the individual did work for the company claimed in the affidavit.
How We Verify Our Sources
These affidavits stated above are then moved to our cyber intelligence team who further verify this information with specialized investigation. Each one of our clients will receive a report including all of this information.
Where We Attack These Companies
So, which country do we want to attack these companies in? The Caribbean? The UK? The Caymens? The Czech Republic? or in Tel Aviv?
The answer is all of the above:
Our Chief Legal Strategist heads up our team of in-house legal advisors to provide analysis and a personalized strategy for the best route of recovery for our clients.
We will either aggregate your claim with other clients who have been defrauded by the same company or file a personal claim. Letters of correspondence will be sent out to the said company in question, as well as written and verbal coordination with the banks. The strategy of recourse depends on the jurisdiction each client was defrauded in.
How We Recover Your Funds
We trace the transactions and “follow the money” to locate where it really is.
We do this by going direct to the bank or the payment processor, which means this can be done in-house using our qualified legal advisors. If we are not able to carry this out in-house, we may obtain a disclosure order from the local authorities. The disclosure order instructs the banks into handing over relevant information regarding transfers. Once we are able to get a judgment and freeze the funds, we now make sure that the judgement is enforced.
Tracing where your money is being held is a crucial step in successfully recovering your money.
We can effectively and successfully initiate chargebacks by leveraging the intelligence that we have collected on the company and the company bank accounts.