StratXMarkets Update

StratXMarkets Update

StratXMarkets Update 150 150 Adam Reeves

SOS is working with investors who invested very large sums into StratXMarkets, a binary option scam. Typically binary option scams involve ‘cash mules’ i.e companies which act as accomplices to take in the investment money. They provide smokescreens making it difficult for investigators to follow the money and identify the main perpetrators of the scam. A typical large-scale binary option scam will often use dozens of cash mule companies.

Cash mules are by no means innocent parties. They know exactly what they are doing and they don’t expect to get caught. They are in effect accomplices in a fraud.

We are having success in identifying some of the people involved in the StratXMarkets scam. A legal process was started in November 2018 against a UK party we identified as having received £380,000 of investor funds. The party failed to adequately respond within the timeframe defined by law and we now look forward to the commencement of formal court action in January 2019.

There are other parties we have in our sights as having liability to refund further sums owed to investors. Action will also be taken against them in January 2019. We believe that if our investors are not refunded we will be in a position to press for criminal charges to be brought. Our separate binary option website can be viewed here.

If you have been the unfortunate victim of a binary option, trading or digital currency scam please contact us. We may be able to help.

To view the previous blog comment on StratXMarkets click here

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