Action against Defendants, two individuals and four entities, in connection with alleged unregistered binary options transactions.  According to the CFTC, Defendants solicited potential customers by falsely claiming that customers’ accounts would yield profits based on purported past profitable trading by one of the Defendants.  The CFTC further alleges that Defendants misappropriated customer funds for their personal use and sought to conceal their misappropriation by inviting customers to transfer their binary options account balances into a virtual currency, which Defendants misrepresented to be worth substantial sums of money. 

CFTC Press Release