InsideOption Shuts Down Day After Daily Mail Story on Scam Outfit

Written by:
C Costigan
Published on:
Sep/22/2016

Gambling911.com can reveal exclusively that Israeli-based binary options company InsideOption has shut its doors just 24 hours after the Daily Mail exposed the alleged scheme.

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While the Daily Mail was unable to obtain a photo of InsideOptions head Emir Yedisbaslar, Gambling911.com was (seen above using your laptop or iPad – may not be available on mobile).

Israeli call centers were said to have been used to operate a binary options investment scam where staff were ordered to “rape clients out of their cash”.  According to the Daily Mail, thousands of Britons, including many pensioners, lost millions of pounds in the secret fraud that involved both InsideOption and another company, AA Option.

From the Daily Mail:

Companies lure victims by scam emails, with high-pressure salesmen persuading responders to invest small sums such as £250.

A second team then lean on these investors to put in thousands more. Meanwhile further thousands are charged to their credit cards without authorisation.

Some of the victims of the scheme are believed to have committed suicide with single-investor losses totaling up to £200,000.

- Aaron Goldstein, Gambling911.com

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