*I think the concern is that before the laws limiting this went into action in t... | Hacker News

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		Animats on Jan 6, 2017 \| parent \| context \| favorite \| on: Indiegogo to launch campaigns combining perks and ... I think the concern is that before the laws limiting this went into action in the 30s, some people got fleeced for a huge chunk of what they had. That's still a big problem. Read "The Wolves of Tel Aviv", about the "binary option" scam industry.[http://www.timesofisrael.com/the-wolves-of-tel-aviv-israels-...] About 0.7% of Israel's GDP now comes from this scam, and that's just the part that pays taxes.[http://www.globes.co.il/en/article-binary-options-worth-125b...]

ericd on Jan 8, 2017 [–]

Wow, they're operating like a casino with awful payout ratios, and then they don't even let you cash out? That's terrible, I hope those people get shamed thoroughly for working there.

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