Suicide over blown account!

Blue Sky BinaryBlue Sky Binary Posts: 147 ✭✭
Dear all,

It is with great sadness we have come across this story that has hit the binary world. While this will only serve to further the regulatory clamp down that is much needed in this industry, it is a shame it took the loss of a life to make it happen. A sad day.

http://www.timesofisrael.com/fleeced-by-israeli-binary-options-firm-canadian-man-commits-suicide/

Our prayers are with his family.

Team BSB
Blue Sky Binary - Research, Education & Technology. Signal Hive - The No.1 Binary Signals Marketplace.

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Comments

  • reaperreaper Posts: 55
    gabman32 said:

    one more thing, if i was this man,and i planned to take my life, i would armor up and visit israel, go to the office and kill every living thing i see, because at this point, i have nothing to lose.

    thank god that you are not him. we can not justify our sins by our grief. violence only leads to more violence.

    very sad to read such a story, but I still don't get why people choose to trade with account managers or invest such enourmous amounts of their hard earned money...
  • paveljablonpaveljablon Posts: 129
    Israel clearly doesn't care. If they did they would have shut down 23 trade and all others. I hope some other country takes charge and properly regulates BO and aren't so short sighted.
    Transparent Binary Options trader and former floor trader. Now giving signals to help people safely to make money at Signal Hive Please do not contact me to manage your account, I will never take anyone's money. You can see my live performance on Signal Hive and subscribe to me there.
  • The_Geek_MHThe_Geek_MH Posts: 399 mod
    Israel has been taking steps but they are slow to implement. This is truly saddening,
  • bsbZenbsbZen Posts: 64
    Hello all,

    Please see the video below.

    In some rather disturbing news out of Binary Options, a Canadian man known as Fred Turbide, has killed himself after being scammed by 23traders.com an unregulated Binary Options broker based in Israel. Kay and Zio discuss the consequences.

    Please let us know your thoughts and comments and don't forget to Like and Subscribe our channel.



    Kind Regards,

    BSB Zen

    blueskybinary.com
  • markbaxtermarkbaxter Posts: 45
    edited January 31
    This is very very sad.. I am shocked.

    Can someone explain me why authorities don't shut down sites of unregulated and untrustworthy brokers? Is not this the simplest way to clear BO industry?
  • OkaneOkane Posts: 818 admin

    This is very very sad.. I am shocked.

    Can someone explain me why authorities don't shut down sites of unregulated and untrustworthy brokers? Is not this the simplest way to clear BO industry?

    The thing is, if authorities had allowed REGULATED brokers to operate instead of blocking them, this could have been avoided.
    I mean, when you ban ALL REGULATED brokers in your country, you are pretty much saying "welcome unregulated ones who don't care about rules".

    So someone looking for BO will only find that unregulated brokers accept them and the good ones people talk about don't and so, some end up with them like CTOption which accepts US clients to rip them off.

    About why they don't shut down unregulated ones... Well, most often they don't even have a physical office to shut down. Their addresses are fake, sometimes they are even clone companies. So it's hard to shut down something that doesn't "really exist". I suppose the only way would be for the banks to put and end to this by refusing to process deposits to such unregulated firms!
  • Blue Sky BinaryBlue Sky Binary Posts: 147 ✭✭
    Okane said:

    This is very very sad.. I am shocked.

    Can someone explain me why authorities don't shut down sites of unregulated and untrustworthy brokers? Is not this the simplest way to clear BO industry?

    I suppose the only way would be for the banks to put and end to this by refusing to process deposits to such unregulated firms!
    This is the best way, as Okane points out. Another way is Net-Neutrality and abolition of it. While we are against that, we are making an episode soon on the Binary Bears explaining why indeed this could help choke off websites from certain jurisdictions. Just like child pornographic websites are simply not allowed by many ISPs, financial trading websites (unregulated) could also be put on such lists.

    Team BSB
    Blue Sky Binary - Research, Education & Technology. Signal Hive - The No.1 Binary Signals Marketplace.

    image

  • markbaxtermarkbaxter Posts: 45
    edited February 1

    Okane said:

    This is very very sad.. I am shocked.

    Can someone explain me why authorities don't shut down sites of unregulated and untrustworthy brokers? Is not this the simplest way to clear BO industry?

    I suppose the only way would be for the banks to put and end to this by refusing to process deposits to such unregulated firms!
    This is the best way, as Okane points out. Another way is Net-Neutrality and abolition of it. While we are against that, we are making an episode soon on the Binary Bears explaining why indeed this could help choke off websites from certain jurisdictions. Just like child pornographic websites are simply not allowed by many ISPs, financial trading websites (unregulated) could also be put on such lists.

    Team BSB
    Well, that's what I think.. Authorities can block websites on many levels - ISPs, DNS, hosting providers etc.. instead warnings they should shut down all sites of unregulated brokers and regulated broker that don't follow the law..
  • TheBinaryNerdTheBinaryNerd Posts: 36
    There are 2 of you Admining this site! Why on earth can't you handle these turkeys? If the site owner is paying which I am sure from your histories Okane and MH then please do your jobs. Explain what the issue is and why you are unable to handle this? I was able to smoke these turkeys with no problem when I was the admin here... Really upsets me to see this place get destroyed like this.
  • TheBinaryNerdTheBinaryNerd Posts: 36
    Disgusting, very sad what happened to this guy in the story and you are spamming this thread with this garbage to anybody that wants to read the story on what happened, wow. If you do see useless marketing posts or by people who are way off topic you can just click on the first page or scroll up...
  • paveljablonpaveljablon Posts: 129

    There are 2 of you Admining this site! Why on earth can't you handle these turkeys? If the site owner is paying which I am sure from your histories Okane and MH then please do your jobs. Explain what the issue is and why you are unable to handle this? I was able to smoke these turkeys with no problem when I was the admin here... Really upsets me to see this place get destroyed like this.

    I am almost sure this troll is Gabman. Mods consider for deletion.
    Transparent Binary Options trader and former floor trader. Now giving signals to help people safely to make money at Signal Hive Please do not contact me to manage your account, I will never take anyone's money. You can see my live performance on Signal Hive and subscribe to me there.
  • TheBinaryNerdTheBinaryNerd Posts: 36
    What is wrong Pavel the real NERD/LOB making you look like a turkey that you are? Upsets you? Too bad you are a delusional lying loser and I can post a rebuttal at ever point to counter you.
  • TheBinaryNerdTheBinaryNerd Posts: 36
    edited February 13
    I like this image how about you guys? How about a video with stooges music that explains how you lie and go around pretending to be me in your delusional space. I can put it on my NooBs and BooBs channel...

    image
  • BossBoss Posts: 23
    It's terrible when a person reaches a dead end. But I think there's always a way out no matter what the situation may be, suicide is definately not the answer.
  • MalvridMalvrid Posts: 26
    Sad news, there are those of us who are morally stronger and will fight for freedom till the end, and there are those for whom it's hard and they're ready to give up, they think suicide is an option. But they don't think about their loved ones, how hard it'll be for them?
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