The United States Securities and Exchange Commission accused two fraudsters who are based in Israel of an ongoing case referred to binary options scam. They were using dishonest ways to persuade US consumers to invest in binary options.
Accused individuals managed to collect millions of dollars in investments under an organization called JMRB Media Ltd.
They used high-pressure sales tactics to sell high-risk binary options to possible customers.
In addition, fraudsters used two more organizations named Dalton Finance and Porter Finance in order to add legitimacy to the firm and build a loyal community of investors.
