https://marketmanipulation.org/cases/technique/rigged-binary-options-execution/ The 8 most recent enforcement records tagged rigged binary options execution in the Market Manipulation library, each linked to its primary source. Tags are our classification, not the charges. en-us Tue, 06 Apr 2021 00:00:00 GMT https://marketmanipulation.org/cases/cftc-glenn-olson-rigged-binary-options-execution-2021/ https://marketmanipulation.org/cases/cftc-glenn-olson-rigged-binary-options-execution-2021/ In 2021, the Commodity Futures Trading Commission issued an administrative order against Glenn Olson for his role at Blue Bit Banc, alleging conduct this library classifies as rigged binary options execution. Olson admitted manipulating or fabricating trades to customers' disadvantage and was ordered to disgorge $241,070, jointly owing $846,405 in restitution with others found liable in the related Kantor matter. Tue, 06 Apr 2021 00:00:00 GMT CFTC rigged-binary-options-execution https://marketmanipulation.org/cases/cftc-cartu-brothers-rigged-binary-options-execution-2020/ https://marketmanipulation.org/cases/cftc-cartu-brothers-rigged-binary-options-execution-2020/ In 2020 the CFTC sued six individuals and four companies over the BeeOptions, Glenridge Capital, Rumelia and Blue Moon binary options brands. In March 2024 the Western District of Texas entered a default judgment against Jonathan Cartu, Leeav Peretz, Nati Peretz and Blue Moon Investments (US$51,155,645 and a US$153,466,935 penalty, recorded under the separate record for the CFTC's March 2024 release), and in 2023 a consent order against Ryan Masten and BareIt Media (US$100,000 penalty, the only money recorded here). Wed, 02 Sep 2020 00:00:00 GMT CFTC rigged-binary-options-execution https://marketmanipulation.org/cases/cftc-cartu-brothers-rigged-binary-options-execution-2024/ https://marketmanipulation.org/cases/cftc-cartu-brothers-rigged-binary-options-execution-2024/ In 2024, the Commodity Futures Trading Commission obtained a default judgment against Jonathan Cartu, Leeav Peretz, Nati Peretz and Blue Moon Investments Inc., alleging conduct this library classifies as rigged binary options execution. The order finds them liable for offering illegal binary options and orders $51,155,645 in disgorgement and a $153,466,935 civil penalty, over $204 million combined. Wed, 02 Sep 2020 00:00:00 GMT CFTC rigged-binary-options-execution https://marketmanipulation.org/cases/cftc-jared-davis-rigged-binary-options-execution-2019/ https://marketmanipulation.org/cases/cftc-jared-davis-rigged-binary-options-execution-2019/ In September 2019 the CFTC sued Jared Davis, alleging he ran a binary options business that took at least $10 million from customers under brand names such as Option Mint and Option King. On 27 April 2023 an Ohio federal court entered a consent order requiring $561,971 in restitution and imposing permanent registration and trading bans. A parallel criminal case is referenced in the original release. Tue, 17 Sep 2019 00:00:00 GMT CFTC rigged-binary-options-execution https://marketmanipulation.org/cases/cftc-jared-davis-rigged-binary-options-execution-2023/ https://marketmanipulation.org/cases/cftc-jared-davis-rigged-binary-options-execution-2023/ In 2023, the Commodity Futures Trading Commission resolved its action against Jared J. Davis, alleging conduct this library classifies as rigged binary options execution. The consent order finds Davis fraudulently solicited approximately $10 million and orders him to pay $561,971 in restitution to victims. Davis separately pleaded guilty in a parallel criminal case and was sentenced to 30 months. Tue, 17 Sep 2019 00:00:00 GMT CFTC rigged-binary-options-execution https://marketmanipulation.org/cases/cftc-international-enterprise-rigged-binary-options-execution-2019/ https://marketmanipulation.org/cases/cftc-international-enterprise-rigged-binary-options-execution-2019/ In August 2019 the CFTC sued five offshore entities and four individuals over a binary options enterprise (BigOption, BinaryBook, BinaryOnline) alleged to have taken over $103 million. Yakov Cohen consented in September 2024 to disgorge $7 million, and on 29 January 2025 an Illinois federal court entered a default judgment against the other eight defendants, ordering $112,918,458 in restitution and a $338,755,374 penalty, jointly and severally. Mon, 12 Aug 2019 00:00:00 GMT CFTC rigged-binary-options-execution https://marketmanipulation.org/cases/cftc-yakov-cohen-rigged-binary-options-execution-2024/ https://marketmanipulation.org/cases/cftc-yakov-cohen-rigged-binary-options-execution-2024/ In 2024, the Commodity Futures Trading Commission entered a consent order against Yakov Cohen for his role in the Yukom Communications binary options scheme (BigOption, BinaryBook, BinaryOnline), alleging conduct this library classifies as rigged binary options execution. Cohen was ordered to disgorge $7 million. He was separately convicted in a parallel criminal case and sentenced to 66 months. Mon, 12 Aug 2019 00:00:00 GMT CFTC rigged-binary-options-execution https://marketmanipulation.org/cases/cftc-blake-kantor-rigged-binary-options-execution-2019/ https://marketmanipulation.org/cases/cftc-blake-kantor-rigged-binary-options-execution-2019/ In 2019, the Commodity Futures Trading Commission obtained a default order against Blake Harrison Kantor, Nathan Mullins and four Blue Bit entities, alleging conduct this library classifies as rigged binary options execution. The order finds a computer program fraudulently altered binary options data to disadvantage investors, and orders a combined $4.25 million in penalties, disgorgement and restitution. Kantor separately pleaded guilty in a parallel criminal case and was sentenced to 86 months. Mon, 16 Apr 2018 00:00:00 GMT CFTC rigged-binary-options-execution