Legal Law Limited, in association with a collaborative law firm, is pleased to announce that we will instigate group litigation against Banc de Binary employing a distinctive inclusive strategy incorporating all parties involved with the Banc de Binary fraudulent venture. Legal Law Limited is teaming up with a Cypriot law firm with a highly successful track record of achieving financial settlements for individuals who were scammed by Banc de Binary.

Joanna Bailey, who heads the financial litigation team commented “our partner law firm has developed a strategy to successfully achieve financial settlements for clients who were defrauded by Banc de Binary. The new approach is based on an in-depth knowledge of the way Banc de Binary conducted and operated their businesses .” Through this action, we will be claiming damages, as compensation for or reimbursement of our clients’ lost investments.

The innovative strategy employs an all-encompassing approach incorporating the regulatory breaches and many fraudulent actions that were apparent in Banc de Binary’s activities. Despite the lengths that Banc de Binary went to in an effort to conceal their fraudulent activities Legal Law Limited has been in part responsible for revealing these issues.

The binary options broker, Banc de Binary, was finally forced out of business in January 2017 when its entire operation was closed down. The huge extent of its fraudulent dealings is difficult to assess. Legal Law Limited had repeatedly reported this organisation to a raft of regulators across the world. Our financial fraud litigation team received hundreds of requests for help in recovering funds lost to this bogus company from across the globe and from that day we have continued to painstakingly work tirelessly to obtain the restoration of the lost funds.

Many people who become targets of financial fraud are understandably devastated when they finally recognise that they have been deceived. Frequently they have lost money that was important to them and their family. Defrauded investors often believe that they are alone in having fallen for the scam, which is far from the truth, they feel as if they are in a David and Goliath battle. However, the tide is turning and thanks to the persistence of crusading law firms exposing the practices of fraudulent brokers, and using legal means to recover their clients’ lost funds as well as continuing to lobby of regulators worldwide.