Sir Richard Branson joins battle against binary options fraud

We have already had a similar case with multimillionaire Peter Lima reporting a binary fraud where his name and reputation were used for fraud in advertising automated software.With the rise of binary options frauds in the United Kingdom, the number of complaints and requests for solving this issue is constantly increasing. Criminals, in new cases, began literally stealing identities of well-known individuals and their businesses to attract customers.

Namely, the London police issued a special statement in which they explained that fraudsters in binary options use the names of celebrities to give them more credibility. Sir Richard Branson apparently upset explained that he and his companies were not involved or invested in any binary options system.

Sir Richard Branson also said: “I went out to the public and the police to prevent and help those who gave money and their private information to those who were ill-conceived. These scams can greatly affect the financial stability of an individual and I ask anyone who has any knowledge of them to report them.”

Also, figures do not support binary options related reports. In just a year, as reported by the internet fraud prevention center “Action Fraud” we are talking about figures that have grown from £2 million to as many as £13 million in the same period. While some speculate that there si a great increase in the number of binary options scams, others suggest that this is the first time that regulators really started paying attention to what is going on on the market.

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