Binary Scam Alerts

Michael Freeman

Report a Binary Options Scam Complaint to the Better Business Bureau

by 1 Comment

The US Better Business Bureau has recently launched a service called Scam Tracker. The service is a great point of reference for conducting a scam broker or binary options trading software investigation. For instance, if you look into binary options in the search box, your will see 4 complaints filed, the names of the brokers, and type of scam. The search box is located at the top of their site and if anything comes up on your search make sure to educate yourself and get informed before joining a service or depositing with a brokerage.

BBB

How Do I Report a Scam?
On the right hand side of their site you will see a big red button as you can see in the image above. Once you click that, you get a form that opens up and asks you these following questions:

Means of Contact: Most likely spam emails, but could also be a number of other methods like Craiglist, a website, or a service.

Type of Scam: In this case it would be Investment.

Scam Description: Here you would be required to provide the details of the scam like Coffee Cash Cheat, Megaprofix, or Sarah’s Confessions, and you can also upload an image no more than 2 MB.

Then you are required to state if the victim (that would be you) lost money, your street address, email, and other details like you country and state (BBB also services Canada if you were not aware).

What is the Better Business Bureau?
The BBB is a non-profit organization dedicated to fostering ethical business practices, instilling higher awareness levels, and empowering consumers. It also develops and manages self-regulation programs for agencies and businesses around the world. It is considered to be one of the leading authorities in consumer awareness and is widely respected.

How Can This Help Me?
Technically speaking, if you have been scammed and your money has been stolen there’s not much the BBB can do for you, however if you threaten the broker with a report they may rethink their withdrawal policies and provide you with a refund. At the end of the day you must remember that brokers don’t need the headache of dealing with US authorities and don’t want them on their case with potential law suites, fines and prison time in a US penitentiary.

What Else Can I Do?
If all else fails please contact me at [email protected] and our staff will try to act as intermediate interlocutors and attempt to resolve your disputes in peaceful means. Unfortunately, some brokers will not budge and despite all efforts will not release your money. This is outright theft and piracy, and Binary Scam Alerts will not stand idle and let innocent victims get scammed out of their money while some blood thirsty broker makes a bit of extra cash on account of some pensioner or student that works night shifts to pay for his college tuition.

To Conclude
The better business bureau is an excellent tool to start off with when you wish to negotiate a refund from a broker, however it is just a part of a tool box our staff offers as broker mediation services. In addition, we also offer signals, trading strategies, and depositing and withdrawals assistance through our strategic partners. Feel free to drop us a note if you have been scammed by software like Insured Profits, Channel Ranger, Free Money System (Walter Green), or the Mockingbird Method. Alternatively if you need assistance cashing out your winnings or money from a tight binary options broker we are always here to help.

Interactive Option Closed

by 4 Comments

This post was in regards to an old dispute between a broker and a prominent blogger and website owner. We were contacted and respectfully asked to remove this post. We have done so at the advise of our legal counsel.

We invite you to check out our more current and updated scam reviews.

Thanks,

Pat and the Binary Scam Alerts Team

Secret Millionaire Society is a Fast Cash Biz Scam

by 5 Comments

The Secret Millionaire Society is an old but very effective binary options scam, however it became antiquated and the original has been hacked and copied by less than virtuous affiliates. So the owners of this very slimy scam did what’s called a re-direct. This means everyone logging in to the domain name secretmillionairesociety.com will be directed to fastcash.biz – try it and see.

Secret Millionaire Society

Well, some of you are asking why would people do something like that? The answer is fairly simple for anyone dealing with online marketing. They just found a newer scam which is more believable and modern looking, however you don’t need to be a savvy affiliate to spot this, just follow the criteria as outlined in my 10 point free E-book, which you are most welcome to receive at no cost by simply telling us what you think and leaving a reply below this post.

Now, there is another marketer who ripped off this video and created his own graphic design scheme, very much similar to the original. He is using it profusely, primarily for sponsored ads in premium media outlets which will allow dirty con artists like him to advertise freely at exorbitant rates. Personally I don’t blame them because they are also in it for the money, but if for some reason you browse a completely harmless lifestyle portal and suddenly find yourself looking at a quick make-money scheme then you know you’ve been targeted for binary options.

I believe that should put an end to it, I thought I saw everything but this is really very abrupt and unsettling to say the least. People are being herded in by the thousands like cattle to view some deceptive piece of trash. It’s just a question of time before authorities crack down on this crowd of greedy marketers and brokers that are obviously willing participants because they need people registering for their service and actually buying in to what is potentially one of the biggest fraud industry today.

This is because people are basically led to believe they are about to become millionaires under false pretenses. In reality, binary options with specific emphasis on the Market Maker model, is a form of financial betting very similar to gambling. In fact, many gamblers have made a transition to this area because they are feeding their need in a more socially acceptable way. Honestly, telling your wife you are took a put call is not the same as telling her you gambled $100 on the Roulette Table.

Millionare society

OK, if you needed some more proof here it comes. Everyone in this video is a Fiverr Actor, and that is something which is very plain to see.

There are two versions, in the original the presenter’s name is Brad Marshal, in the stolen copy its Quincy or “Q” as it seems. Moving forward, as Michael Freeman mentioned in Binary Options Watchdog it is a verified stinking scam, but he didn’t update the review so there is basically a reference to the old movie. The same oversight can be seen in onemorecupof-coffee.com, where Nathaniell failed to update his blog.

To sum up, there is no group of millionaires that are so called market movers and influence the behavior of stocks. It’s interesting they chose the phrase puppeteers of the financial system, and say there is a “division” for binary options trading. The bottom line is that they don’t show you anything and it’s just a bunch of  lies and a scam very much similar to the free money system and Walter Green AKA “Walter the Green Machine”.

Insured Profits Scam By Binary Options Watchdog

by 4 Comments

Hi Guys, as I mentioned in my previous Insured Profits Review, the whole concept of using a coin to illustrate how a hedging system was developed where if you risk $20 you can only lose $2 but win double the amount is not only infuriating, but also offensive and insulting. While Michael Freeman has obviously reached the right conclusion, his approach is less systematic and he fails to dissect all the scam components in a more scientific way.

Insured and Channel

First of all, he does not discuss the core argument and instead he reaches the right conclusion using his previous knowledge of scams using BinaryVerify (a fake third party verification system) and binary matrix pro.

Secondly, he does mention the people there are actors but he does not focus on additional key elements like the fake income statements page, and he also does not go to the trouble of really comparing it to other scams like the Channel Ranger.

Finally, while he does mention there “is no real value” in these offers, there is a lack of focus on the most important fact which is a complete and total lack of transparency. In the end, no one really knows what they are getting into with this pack of lies and deception, however this is not addressed either.


Insured Profits Scam by binaryscamalerts

Michael Freeman and Binary Options Watchdog is an excellent point of reference, however if you really want to get your fact together you can’t rely just on one source. The same is true for everything else in life, you need to look for various resources to get a more comprehensive picture of reality. This is true not because I am better or smarter, rather because no single person can have all the insights. That’s why businesses have brainstorming sessions and fortune 500 company CEO’s talk to their employees.

Digging in Deeper
Right off the bat you can see that there is a common theme which accompanies this review as well as the rest of his posts. The focus will always be around five major elements

  1. The actual scam, who the people behind it are (in broad strokes) and how deceitful it is.
  2. Some type of signal or automated trading (bot) service.
  3. Reference to binary options brokers
  4. An appeal to leave a message at the complaints center
  5. A request to leave a replay or comment

In professional terms he is using what’s called a boilerplate, which is moderately changed from time to time in order to resonate or produce a feeling of a constantly changing and dynamic environment.

When you read enough reviews you tend to pick up on styles, and Michael has a very creative and juicy style of writing, however it is somewhat rigid in form due to the nature of niche. It’s worth mentioning that re-inventing yourself over and over again is an arduous task which most people fail at (myself included in many cases). I do like the fact that he does talk about regulatory entities like the CFTC and FINRA, but this is only mentioned in a by-the-way fashion in this review.

Michael Freeman

Summing up, while I do like Michael Freeman’s style and the work that he is doing, when it comes to Insured Profit’s his scam review and analysis falls below his usual level of professionalism, and I for one would like him to keep writing more in-depth and controversial articles, and focus less on the obvious or superficial elements of exposing an obvious scam.

If you believe this article to be somewhat helpful please let me know by messaging me below as it is a source of inspiration for me and keeps me going.

 

 

Insured Profits is a Scam Warning Avoid at All Costs

by 12 Comments

What if you could toss a coin and every time you win, you would get $20 but every loss would only cost you $2? Well, the story  as it’s told by Dave and his brother sounds very convincing at first impression. The fact that his wife came in “unexpectedly” also added to the mystique, but when you take 1 minute and start thinking about what’s happening, you will immediately understand it’s a class A scam, and this review will prove it without a doubt (and make sure to watch the video as well).

So here we go, if scroll below the yellow button that says “click here to access your free copy now” you will reach the so called “income statement”. However, as I mentioned previously in my reviews, it’s easy to spot a fake from a real because this is just a rehashed java script data feed which is used in the channel ranger scam, only the color scheme is different.  Furthermore, the download button won’t work. It’s just something they use because it seems to appeal more to certain people for some reason.Insured and Channel

If you take a look at the payments, username, history, and all other data you will see that it corresponds in the exact same way. Remember, the only information that is relevant is what’s going on inside the broker’s trading history section. If these thieves don’t show you actual consistent wins from inside the broker accounts, you can give them the royal finger and even send them a nasty mail if you want.

So again, we’re talking about the same people doing their usual gig and trying to coerce innocent people into spending their hard earned-money. Now here’s the thing, the people who buy into these make money schemes are penniless in most cases.

I mean, unless you are filthy rich and want to burn money for fun, or alternatively a spiteful wife with a hefty credit line you will actually want to use this bogus system to supplement your income or actually quit your day job and become a full time trader. The people who really want to invest won’t try out the Insured Profits scam, they will go to their investment banker or Goldman Sachs and pull out money they have saved up from businesses, inheritance, or actual life savings from hard work.

OK, so let’s continue debunking these false claims of riches. I still don’t understand what I’m buying. Is it software, is it a strategy, a voodoo doll, or a rubber ducky? Point is, these guys are just throwing a bunch of made up stories at you, but in the end there’s nothing more powerful than the truth. And if you consistently lie and deceive people, not only will your soul rot in hell, but you will also end up paying for it in this life because of bad Karma, and that is what I wish for people who prey on the weak.

Insured 2

So now that we fully understand that there’s nothing behind this nasty fraud, the next question you need to ask yourself is what DOES work? Well, not many things do and to be completely honest if you really want to make money you need guidance and solid tools like signals to assist you before you actually start executing trades. Recently John Thiel from Binary Options Analyst found an interesting strategy, where if coupled with certain signals tools can provide optimal results and excellent performance.

http://binaryoptionsreports.tumblr.com/post/135696564937/insured-profits-scam

OK so, here’s a quick recap, Insured Profits is a Scam, and the people behind it are not too different from Bernard Madoff. These guys Dave and Steve and the wife Ginny are just actors with an accent similar to Devin Miles from Channel Ranger. If you found this review to be useful please let us know by sharing your thoughts. Thanks, Pat

Sarahs Confession is a Scam

by Leave a Comment

Here’s a quick heads up before you decide to invest using Sarahs Confessions binary options automated trading tool. Just so you know, it’s a total scam and I will show you in this review how I was able to pick up on it so you can stay informed and do the same thing next time.

First of all this system is being offered free of charge, but here’s the catch. You would need to fund a broker account to use the software. Now if you contact them and tell the service staff you already have a trading account and just want the software, they will just tell you to open an account with another one or most likely will disregard your request and move on to easier pickings. Secondly, they are showing you results from the trading dashboard but that doesn’t mean anything at all, the only thing that matters is the trading history inside the broker software and unless they show you the real results you can rest assure the performance is pretty much a catastrophe.

Sarah 2

Moving forward, you can see that in the step two section of the software you have some really stupid logos that besides from being un-clickable they are also useless because they don’t really say anything. It’s just a filler for space that needs some kind of graphic design and content. Now here’s the main thing, the presenter of this system who is an actress and really a nobody is talking about someone called Jason Strauss who found a way to capitalize on 4 billion dollars that are “clogged” in the financial system. I mean how low can you go? This is the lowest level of scam and a cheap hoax designed to get people to deposit with a broker using the mysterious SLX System.

Here are Some More Tells and Red Flags:

  1.  After you enter your email in the first page you are shown a registration form. This is a broker registration, and viewers registering for this service are not aware of it. So don’t be surprised if some broker calls you up and starts nagging about depositing or funding your trading account.
  2. There are “as seen” logos in the second page, where you can see CNN and the New York Times. If you try searching for Sarah’s Confession in any one of those I can pretty much guarantee you that you will find nothing.
  3. The whole scam revolves around some made up story about four billion dollars in the financial systems that are hidden or untapped. That’s a bunch of bologna and and while there are things  like this in real life this has got nothing to do with exotic options.
  4. There is no Mr. X, it’s a complete fabrication and very daft as well. Things don’t work like that in real life and you should not accept these awful lies.
  5. Here’s the final piece of proof you will ever need and let’s hammer the final nail in the coffin of this ludicrous scam. I know nobody like to check the terms and conditions, but these guys have actually added a terms section, but were so careless that they copied it from another fraud called the million dollar invite who in turn copied it from the binary matrix pro.

Sarahs Confessions 1

So Here’s the Final  Verdict:
Sarahs Confession is a complete scam and fabrication of the truth. There is a review site called itdecs, unlike professionals like Michael Freeman or Chris Morton these guys are unscrupulous affiliate marketers and get a commission for referring people through their website. I urge you to contact me, speak your mind and tell them what you think, and don’t forget to check out our recommended signals and automated trading reviews if you are actually interested in something you can actually profit with.