RATE Group | UK Authorities Warn Public About Potential Cryptocurrency Scam Operation
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UK Authorities Warn Public About Potential Cryptocurrency Scam Operation

06 Jan UK Authorities Warn Public About Potential Cryptocurrency Scam Operation

Posted at 03:03h in Cryptocurrency News by

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A new type of scam is being outed in the United Kingdom, with the ability to mix cryptocurrency and binary options investments.

According to a recent report from Finance Magnates, the Financial Conduct Authority (FCA) has called the attention of Brits to Pro-Options, a new fraudulent scheme that promises investments massive ROI on investments in both crypto assets and binary options. Per the report, the FCA clarified that the company has been operating as a trading services provider without getting the appropriate licenses.

Shady Operation and Company Profile

Per the company’s website, investors could earn between 50 and 100 percent in returns within about 24 to 48 hours of their capital injection. Even a newbie investor knows that rates of return, such as these, are a tad suspicious.

As the FCA explained, Pro-Options is expected to be a fraudulent High-Yield Investment Program (HYIP). Most of these schemes tend to have dodgy means of paying…

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