SEC accuses three men of $100 mln binary option scam

Then they have to go somewhere else, maybe in offshore countries. But I think they will have little success running their scam from there because, people's awareness of potential problems with offshore companies is increasing and it's good.

 

We are finally seeing that happening, indeed.

 

re: 100M scam
It never ceases to amaze how the SEC goes to action after the horse has already left the barn.It is typical that the SEC goes after fraudsters after the fraud becomes incredibly large.
The public has been fooled into believing that the SEC protects them from fraud

 

It is quite incredible (and not in a good way) that they were twiddling their thumbs for so long while this was going on