Buying and selling stock options
But in many instances, no actual trading occurs with any money the scammers receive, and the entire interaction takes place for the purpose of stealing money.
That's exactly what happened to Edmonton business owner Fred Turbide, his son Tomas Ferreira told CBC's On The Money in an interview Thursday. Tomas Ferreira's dad lost his life savings and his life to a binary options scam. He tried to get his money back but was unsuccessful. The stress of realizing what had happened pushed Turbide over the edge.