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

The Rise of Sports Prediction Markets: From Fantasy Leagues to Real-Money Contracts

The Rise of Sports Prediction Markets: From Fantasy Leagues to Real-Money Contracts

Sports betting has evolved dramatically in the last decade, expanding from fringe betting and fantasy sports to prediction markets available in every state. The rapid changes in sports gambling laws in North America have opened the doors for new styles of betting to take hold.
BiggerZ: Building a Fairness-First Crypto Casino, Sportsbook and Prediction Markets Platform

BiggerZ: Building a Fairness-First Crypto Casino, Sportsbook and Prediction Markets Platform

BiggerZ is strengthening its position as a fairness-first betting platform, bringing casino gaming, sports betting and prediction markets together under one account while making transparency, verifiability and clearly defined rules central to the player experience.
Las Vegas Hotel Accused of 'Catfishing' With Fake Listings

Las Vegas Hotel Accused of 'Catfishing' With Fake Listings

A shock report this week reveals that a Las Vegas hotel is allegedly using "catfishing" tactics to lure unsuspecting visitors into booking hotel rooms that do not exist.