InsideOption Shuts Down Day After Daily Mail Story on Scam Outfit

Submitted by C Costigan on

Written by :

C Costigan

Published on :

Gambling911.com can reveal exclusively that Israeli-based binary options company InsideOption has shut its doors just 24 hours after the Daily Mail exposed the alleged scheme.

Bet on MLB. Join MyBookie today!

While the Daily Mail was unable to obtain a photo of InsideOptions head Emir Yedisbaslar, Gambling911.com was (seen above using your laptop or iPad – may not be available on mobile).

Israeli call centers were said to have been used to operate a binary options investment scam where staff were ordered to “rape clients out of their cash”.  According to the Daily Mail, thousands of Britons, including many pensioners, lost millions of pounds in the secret fraud that involved both InsideOption and another company, AA Option.

From the Daily Mail:

Companies lure victims by scam emails, with high-pressure salesmen persuading responders to invest small sums such as £250.

A second team then lean on these investors to put in thousands more. Meanwhile further thousands are charged to their credit cards without authorisation.

Some of the victims of the scheme are believed to have committed suicide with single-investor losses totaling up to £200,000.

- Aaron Goldstein, Gambling911.com

Related Content

Livermore California Residents Won Big Last Week at Sacramento Area Casino

Livermore California Residents Won Big Last Week at Sacramento Area Casino

One of the two Livemore residents triggered AGS's Triple Diamond Progressive jackpot through the Double Up Blackjack Bonus Spin feature to win a cool $554,883.
Top Trending Gambling News: NoVig Takes on Missouri AG Fresh Off Sydney Sweeney Brouhaha

Top Trending Gambling News: NoVig Takes on Missouri AG Fresh Off Sydney Sweeney Brouhaha

Top Trending: NoVig Sues Missouri Ag - PowerAde Rebuttal to NoVig Sweeney Ads - Nicole Noren - ESPN - Peachy the Flamingo - Ohio State vs. Indiana - NBA Parlay Restrictions
Former ESPN Producer Nicole Noren Latest Claims Leaving Gambling Community Speechless

Former ESPN Producer Nicole Noren Latest Claims Leaving Gambling Community Speechless

Nicole Noren's criticism of ESPN's relationship with gambling companies received fresh attention in a Guardian article published Saturday morning.
Top Trending Gambling, Sports Betting, Casino News: Nicole Noren Goes All In, More

Top Trending Gambling, Sports Betting, Casino News: Nicole Noren Goes All In, More

Top Trending Gambling News: Nicole Noren ESPN Claims - Peachy the Flamingo - Chelsea Goalkeeper Hospitalized - Latest PA Casino Bans