The U.S. Commodity Futures Trading Commission on Aug. 12 filed a civil enforcement action against five entities and four individuals for engaging in a fraudulent scheme to solicit customers throughout the United States and elsewhere for the purported purpose of trading illegal, off-exchange binary options.
According to the CFTC’s complaint, filed in the U.S. District Court for the Northern District of Illinois, the defendants perpetuated this scheme through the Yukom Enterprise, which included internet websites using fictitious trade names, including BigOption, BinaryBook, and BinaryOnline.
