As lobbyists for widely fraudulent, vast, Israel-centered industry try to persuade ministers to block regulator’s bill to ban it, US bureau highlights the widespread fleecing of victims, says the crooks are in its ‘crosshairs’

Since March 13, visitors to the website of the Federal Bureau of Investigation — the principal investigative arm of the US Department of Justice — see the words “Binary Options Fraud” displayed prominently at the top of the page, linking to a detailed article describing the vast scam.

Telling the public to be wary of the very term “binary options,” the agency, in its accompanying warning, cautions that many websites offering this product are “being used by criminals outside the US as vehicles to commit fraud.”

“Binary options fraud is a growing problem and one that the FBI currently has in its crosshairs,” the agency reports, echoing February 15 interviews FBI staffers gave to The Times of Israel in which they said that the bureau had made tackling binary options fraud worldwide a priority.

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