The binary options defrauded a great number of investors both in the US and abroad.
A California district court has entered into a final judgment against three operators of binary options schemes, which defrauded thousands of retail investors of millions of dollars.
Per Tuesday’s announcement, Kai Christian Petersen, Gil Beserglik, and Raz Beserglik, who ran the operations, neither admitted nor denied the allegations brought against them by the Securities and Exchange Commission (SEC) but consented to the entry of final assessments.
The securities market regulator charged the three, two Israelis and one German, for selling more than $100 million in binary options contracts through three affiliated brands: Bloombex Options, Morton Finance, and Starling Capital.
