There is a perception held by many people that anyone trading in the various markets across the globe inevitably makes a fortune. It cannot be denied that the 24 hour markets trading from New York to Hong Kong generate trillions of dollars. Binary options may very well appear, to the inexperienced eyes, to be a very easy way to trade in the markets with a simple binary decision to be made. This mistaken assessment, that belies the skill and experience required to trade in this fast-moving environment where an error of judgment can cost millions, helps to allow the fraudster to dupe their target novice investor.

This perception, coupled with the speed and apparent ease with which the money seems to be made, allows the fraudulent brokers to trade on a common view and helps to persuade an unwary would-be investor to deal in the binary options market. Legal Law Limited’s finance and banking lawyers are extremely familiar with this technique. The unscrupulous fraudster trades on their targets’ lack of knowledge of the market and by very carefully interviewing the prospective victim, under the guise of chitchat, will establish that, not only do they themselves have no knowledge of the markets nor do they have friends or relatives who work in the financial sector who can see through the fraud. The fraudsters will then follow a well-worn path to coxing money from the unwitting target with a mixture of falsehoods and fabrications. Often using flattery initially and descending into panicking their target to putting more and more money into the bogus investment broker’s hands. Banc de Binary has one of the most notorious reputations in this regard. Many thousands of individuals worldwide have been duped into parting with their money in this way. Legal Law Limited’s finance and banking team aided several regulatory bodies and law enforcement agencies to bring Banc de Binary to account.

When Banc de Binary closed its doors its victims could be forgiven for thinking that their money was irretrievable, particularly in light of the deceitful tactics that have been used to conceal the whereabouts of the proceeds of the worldwide deception. Legal Law Limited is planning a class action to compel the major players in the Banc de Binary scam to pay back their victims using an alternative approach which it is believed will be extremely effective, resulting in the restoration of the lost funds which the vulnerable novice investors were duped into handing to Banc de Binary employees believing that it would be legitimately invested in the binary markets. The lawyers in Legal Law Limited’s financial and banking team are confident that the strategy will be compelling and offers no room for a counter argument.

The class action is supported by the fact that It is on public record that Banc de Binary breached the strict regulations that are obligatory by many financial regulators in a number of countries and their repeated technique for drawing in their target by depending on their target’s ignorance of how to trade on the global markets simply reinforces the fact to a court of law that they were operating a scam using tried and tested methods.

If you have lost money to Banc de Binary, regardless of when you had dealings with them, contact Legal Law Limited to see whether you may be able to join the proposed class action and retrieve the money you thought you had lost for ever.