We have vast expertise defending those accused of Investment Fraud associated with Boiler Rooms. Whilst the nature of the alleged Fraud changes and develops, the underlying Fraud Allegations remain the same in most prosecutions. Charges are mostly brought for Conspiracy to Defraud, Fraud by Making False Representations, Possession of Articles for use in Fraud and Fraudulent Trading Offences. Invariably, there are also the additional associated offences as with most financial crimes, for Tax Evasion and Money Laundering.
Our Fraud Lawyers understand that Binary Option Traders are not required to be regulated by the Financial Conduct Authority. We are familiar with the rules on regulation by the Gambling Commission and understand the logic and attraction of having primary offices based in Europe or elsewhere; since regulation is avoided by not owning remote gambling equipment in the UK.
Most EU countries consider Binary Options a financial product rather than a gambling product and allow companies which are legally established in an EU country to trade lawfully in another EU country. This variation in recognition as a financial or gambling product opens the doors for Binary Option Traders to operate from the EU and focus on customers in the UK.
It is entirely lawful to trade in Binary Options and with experience, our Fraud Solicitors have identified the areas of attack the prosecution usually rely on when prosecuting.
Most of us encounter Binary Option Traders on a daily basis advertising on Facebook, on Google and most other popular websites; there are a small number of Investors who are attracted to the 'risk' element of Binary Option Trades. It is often an attractive platform for young investors, first-time investors and those with busy lifestyles as they can make all their investment decisions at their fingertips on one platform using their mobile phone. They will usually link their payment card to allow thee deduction of funds and not budget their finances or retain self-control and discipline on the platforms.
Our Fraud Solicitors expect victims of the alleged fraud are experienced Investors. They are people with significant investment portfolios and those who have accepted the level of risk associated with most lawful investment schemes. The greed and desire to 'win' often kicks in and absent self control, investors can get carried away on the trading platforms to lose a lot of money.
When investors have lost a lot of money, they need to someone to blame and the trader is the easiest target. Any slight exaggeration or miss-description in the sales or marketing material can lead to Fraud by False Representations Claims.
Dependant on your location, your set up and the platforms you have employed, the types of Charges likely to be presented will differ. For example, those who have adopted cold-calling operations will often face allegations of false claims, fictitious claims or even exaggerated investment returns. Those who have used online platforms to advertise, or even instructed brokers to generate business, will more than likely face allegations of Conspiracy to Defraud and Fraud by False Representation.
At the heart of the allegations is the key element of 'dishonesty'. Whether you intended to make a gain by being dishonest or cause someone loss by being dishonest. Regardless of the strength of the evidence, it is always for the prosecution to prove the case against you and to convince a jury, leaving no doubt in the minds of the jury, that you are definitely guilty.
Our Fraud Solicitors exclusively defend Fraud Allegations on a daily basis. They do not practice in any other area of law. Our Fraud Lawyers are trained to be commercially aware, to be savvy on Tax Evasion issues and fully up-to-date with the Proceeds of Crime Act 2002 in order to advise you on any issues with Restraint Orders and Confiscation Proceedings.
We understand the dynamics of Boiler Rooms, the way in which they operate, the different departments within them and the people who control them or who benefit from them. We have defended those involved in Investment Frauds at all levels. Whether the organisers, the floor-managers, the IT technicians or the sales reps.
No matter what your level of involvement, our Fraud Lawyers will give you a pro-active and energetic service. We will not only choose the best Barristers to instruct in your case, we will ensure your defence strategy rests on protecting you from the incriminating evidence which may emanate from others accused of Fraud and also from any digital evidence obtained by the prosecution from computers and mobile phones.
We firmly believe that early action in any case is pivotal to increasing the chances of success. In such complex and intimidating investigations or prosecutions, you will require skilful advice at every juncture. Everything you say and every decision you make will potentially shape your future and that of your loved ones. We therefore offer a free initial consultation regardless of your means. This allows you to get to know us and us to get to know you.
Please contact our Fraud Lawyers to arrange your meeting, whether face to face, online or by telephone. If you prefer, you can also send us a WhatsApp message using the link in the bottom banner if you are viewing this page on a mobile phone device.