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Police take action as binary options fraud grows to £59m

City of London Police have joined forces with the FCA, Trading Standards officers and HMRC to carry out a ‘day of action’ to highlight the growing problem of ‘binary options’ investment scams which have seen investors lose over £59m in five years.

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Scam which hit retirees leads to £2.4m cash seizure

Several million pounds are to be confiscated following investment scams, which targeted many retirees, including a blind 89-year-old man.

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