I Blew $10,000 on Binary Trading

Hi Scott,

About four years ago I invested $250 in Skyline Markets and learnt how to do binary trading. It seemed very profitable and they hounded me to go to the next level by investing $10,000, which in hindsight I should not have done. Then — lo and behold — they stopped contacting me and the website closed down.

Yes, I was scammed, but now I think I am being scammed again. A financial outfit from London has been ringing and emailing me saying that my initial investment of $10,000 went into an escrow account and is still there in my name. To get this back I have to pay them $1,000, which I will get back immediately when they transfer the money (now $13,440) to me. I am being scammed again, aren’t I?

Sue

Hi Sue,

Yes, you are.

If you haven’t done it already, report it to Scamwatch.gov.au (both the original scam and the latest ‘return rip’). Then chalk it down to experience, and move on with your life. Don’t give it a second thought. And from now on don’t answer emails or telephone calls from people you don’t know.

Scott.