250,000investors one early binary options broker claimed to have signed up
Binary options pioneer Banc de Binary told regulators it had about 250,000 investors by 2012, before settling SEC and CFTC fraud charges for more than $11 million.
The Cyprus-based company solicited US customers through YouTube videos and spam email while falsely claiming a Wall Street office. Its 2016 settlement included a $150,000 personal payment from founder Oren Laurent.
Source: US Securities and Exchange Commission. Read more: binary options fraud · case file