Social media sure has added a lot of influence to the user’s lifestyle. The film Wolf of Wall Street is one of the greatest films for a person who wants to become a millionaire and lead an expensive lifestyle. However, the film inspired so many people to take up Jordan Belfort’s lifestyle. It ignored to focus on other stuff like there are numerous fake posts on social media about the experiences of such individuals who follow their footpaths.
There have been cases of people faking all the rich stuff they buy and posting on Instagram. But the fact is far from the truth, as seen by Elijah Oyefeso, an immature kid who posted pics on Instagram showing how rich a life he leads by taking stockbroking. He swept up millions of followers and even starred in top TV shows showing how rich a life he leads.
He started his own business, Dreams Come True, as a stock brokering firm, but it was soon recognized that it was all bogus. Yes, the firm wasn’t listed anywhere, although it collected in millions of investments, and soon, the guy left in thin air but was quickly arrested. Later, he was freed on bail and a strong appeal.
Such trouble is pretty standard in the binary options and financial industry. With young investors trying all these get-rich-quick plans, they ultimately understand that they have lost everything. These binary traders use social media accounts to attract victims. They post charming ads that would catch everyone’s attention, and many o fall for it.
They end up agreeing on the ads where they would be redirected either to a landing page selling something enjoyable to the eyes or might end up getting you into a fooled website of your preferred broker that you might not also realize. Such is why several victims give all their details on the website without double-checking.
Legit websites do exist. Most of them are fake. An 80% of the binary trading brokers are false and highly crooked, which might lead to multiple people considering that they have won many funds by trading with them. The traders are making nothing but playing a game created by them, which confirms that they regularly earn profits.
But the fact is far from the reality: to earn more profits. They end up depositing more money and losing everything at one go when the broker doesn’t respond to anything. These sites are also the frontrunner of identity theft, where they sell credit card information to other people.
Hence, next time you visit a site, make sure that it has some safe payment methods like Stripe or PayPal. One that holds your private data safe and sound. You might end up giving them vital information like your credit card info, and it may lead to you being a victim of not just binary options fraud but including a credit card scam.
However, if you have lost funds in any such fraud, you can contact us at Cyber Intelligence Desk . We have dealt with scams like cryptocurrency scams, forex scams for over a decade now, and with the experience that we carry, we are bound to be the best in the business. Contact us for a free consultation directly.