Binary basis (using Apple Options and Discover Options)

Shanna –

Total money lost $35,000

Type of a scam Investment

Some time in May 2016, i made contact with one Helen Costa of Binary Basis (binarybasis.com) and she introduced to me the Managed Accounts package of theirs via Apple Options and Discover options (Big Bell Solutions company). I had my concerns and she convinced me that they were not frauds. I went on to start making investments as detailed below from July 2016 to September 2016 to the tune of $35,000.

The trades seemed like they were going well until the 24th of March 2017, which was just a week to my withdrawal of my first accounts that had a duration of 5 months. I contacted the Account Manager, Helen Costa on Skype and she continued to feign ignorance of the events even while they were still ongoing. I got screen shots of the flush down and sent to her, but she claimed that she had contacted the trading team and was yet to get a feedback. Meanwhile my accounts were being wiped out. I got in touch with both Apple options and Discover options by chat and they referred me to Binary Basis.On the 27th of March 2017, an e-mail was received from [email protected], as shown in the bracket

( Dear Sirs,

we acknowledge that in the trading session of Mar 24, 2017 the losses

were incurred on your binary options accounts. Now we are trying to

figure out the reasons of algorythm malfunction. We have called the

Committee to investigate the situation. Once the results are revealed,

we will introduce the solutions to compensate the losses.

We appreciate your trust and will do our best to solve the situation in

the best way possible.

Regards,)

BinaryBasis Support Team

I retorted by putting it to them that it was a deliberately scam by them and the came back to say the following in an e-mail:-

(please be advised that we are now negotiating the solution for

compensation with the broker and insurance company.

Your Account Manager will contact you as soon as the compensation plan

is elaborated.

Kind regards,BinaryBasis Support Team)

It was obvious that they flushed down the accounts that were soon to be due and decided to leave two accounts that are due in July 2017, which they have continued to "trade".

Below is a list of the accounts and details of same which i did invest.

I have also attached documents to show evidence of my chats with Helen Costa and the transfers that i made.

Apple -Options Account # 11816 -$5,000 Invested Apple -Options Account # 11865 –

$5,000 Invested Apple -Options Account # 11866 -$5,000 Invested in my wife’s

name(funds sent from my account). Discover-Options Account #11800 -$5,000 invested.

Discover-Options Account #11801 -$5,000 invested in my wife’s name(funds sent from my

account). Discover-Options Account #11809 -$5,000 invested. Returns on this was due on

March 31, 2017, but account w[censored]d out on 24th March 2017 after 5 months of trading

a managed account as per agreed contract.d

contract.