ABOUT US
ABOUT US
ONLINE FRAUD
ONLINE FRAUD
ONLINE FRAUD
A type of cybercrime fraud or deception which makes use of the Internet and could involve hiding of information or providing incorrect information for the purpose of tricking victims out of money, property, and inheritance. Internet fraud is not considered a single, distinctive crime but covers a range of illegal and illicit actions that are committed in cyberspace. It is, however, differentiated from theft since, in this case, the victim voluntarily and knowingly provides the details and in some circumstances, he is knowingly sending money to the fraudulent entity.
Victims are usually targeted through a cold call and offered the opportunity to invest in shares or other commodities with the promise of high returns which are then not forthcoming. The opportunities which the victims invest in are usually heavily overpriced or worthless and in the most serious cases, they do not even exist. Those who produce sales literature on behalf of such companies can also find themselves under the spotlight.
ONLINE SCAMS AND FRAUD LITIGATION
Orlando Law is in a market-leading position in the worryingly fast-growing niche of financial fraud. Trading is frequently subject to fraud whereby novice investors are targeted by unscrupulous brokers operating on the international stage. There are many international media who reports the scams on a regular basis.
The combination of Orlando Law extensive experience in financial scam litigation, centered mainly on Forex cases, coupled with our expertise with financial technology, enables us to successfully resolve cross-border multi-jurisdictional disputes. Our assertive approach to litigation means we were ideally placed to manage a wide range of types of financial frauds.
Orlando Law represents investors in Forex and securities arbitrations and litigation worldwide. We have successfully represented hundreds of individual investors in Forex and securities fraud lawsuits and arbitrations, with extensive claims amounting to millions of euros. Our experience also includes the representation of registered representatives/brokers in regulatory investigations and disciplinary proceedings.
BINARY OPTIONS TRADING LITIGATION
Whilst binary options trading has been curtailed in Europe, it is still possible to trade under certain circumstances. It is a high-risk practice and in simple terms, a binary option is a financial option in which the pay-off is either a fixed monetary amount or nothing at all. There are two types of binary option; the first is a cash-or-nothing option which pays a fixed amount of cash if the option expires in profit or an asset-or-nothing option which will pay the value of the underlying security. Binary options are securities in the form of options contracts where the payout depend on whether the underlying asset increases or decreases in value. They’re called “binary” options because unlike other derivatives sold on the capital markets, there are only two options here: profit or loss. In such an all or nothing payout structure, investors betting on a stock price increase face two possible outcomes when the contract expires: they either receive a pre-determined amount of money if the value of the asset increased over the fixed period or no money at all if it decreased.
Investors should be aware that there is a high potential for fraud in this area which can result in the loss of the entire investment. We strongly encourage investors to check the background of brokers and advisers and trading platforms and take time to research the firm to obtain simple background information, bearing in mind that the ability to trade in binary options is now extremely limited, before making a decision to invest.
Online scams are nothing new. From the rogue emails sent usually from allegedly Nigerian “wealthy individuals” who offer to share their inheritance in return with some help in moving funds around (and with the aim of seeking your bank account details).
Our Claim Coordinators at Orlando Law will guide you through the arbitration/litigation process to make as it easy and understandable as possible. During your initial consultation, we will listen to you and evaluate whether you have a valid claim. We will explain in clear terms what you can expect from us and what we will expect from you so, together, we can successfully achieve your goals.
If you have found yourself victim to online scams and fraud related to any kind of fraudulent trading, please call our office and we will talk you through the options and help you start the slow process of recovering your assets. Alternatively, please contact our Client Relations Team to arrange a discussion with a claim coordinator in the Binary Options Litigation team.
3 STAGE MODEL
EVALUATION
Before evaluating a case, our potential plaintiffs must fill out a short survey on our website. The questionnaire contains various inquiries regarding the fraudulent activities that took place. Kindly answer all the questions in the survey with the utmost seriousness since it is a critical element of our procedure for deciding whether or not we can represent you. Once you have finished the survey, kindly forward us all the evidence you have kept relevant to the scam you underwent. The evidence mentioned above refers to the funds you transferred to the deceitful "trading" website (such as bank statements/ Credit Card receipts/Cryptocurrency transactions, or even documents issued by the "trading" website). If you still have access to the trading platform, you can take screenshots of your transaction history. This would be the most helpful method to ascertain your lost amount.
CONSULTATION
Our dedicated Legal Consultants will forward all the evidence that you provided together with your online survey to our paralegals for data processing. Once we have completed our assessment of your claim and determined that your case is sufficiently strong (or not), we will outline your legal options and the costs involved.
CLAIM
Most of the claims against fraudulent companies are settled off court, to be exact more than 87% of the claims are not represented in court, With our highly experienced legal team Orlando Law will use every resource to ensure the best possible outcome.