ASIC imposes permanent ban on binary options fraudsters - FinanceFeeds

ASIC imposes permanent ban on binary options fraudsters

Jana Jaros and Jackson Laurence Malcolm Capper, who operated via websites like Binary.com, are permanently banned from providing financial services or from engaging in any credit activities.

The Australian Securities and Investments Commission (ASIC) has taken further action against binary options fraudsters who were already convicted back in November 2017. Today, ASIC announced that it imposed a permanent ban on Jana Jaros and Jackson Laurence Malcolm Capper. They are banned from providing financial services or from engaging in any credit activities.

The regulatory action comes several months after Ms Jaros and Mr Cooper were convicted and sentenced for operating a financial services business without a licence and lodging false documents to ASIC containing false or misleading material.

According to the regulatory findings, between February and December 2015 Ms Jaros and Mr Capper operated an unlicenced financial services business using the companies Astra Group Pty Ltd and Old Cambridge Pty Ltd. The couple sourced and rented a business premises at Bundall, Gold Coast, Queensland for the conduct of their business.

Ms Jaros and Mr Capper recruited and trained staff who they instructed to cold-call people and promote and actively sell them membership in a currencies, indices and commodities trading system. This was done through a company registered in the Isle of Man that uses a website Binary.com. Staff sold packages ranging from $2,995 to $24,000 given that the customers set up their account with Binary and allow the staff to manage their account using their claimed extensive trading experience.

Ms Jaros and Mr Capper set up the website: www.investradirect.com and later www.investradirect.co for the purpose of attracting and servicing clients of Astra Group Pty Ltd and Old Cambridge Pty Ltd. Over the relevant period $520,471.33 was received across the two bank accounts.

In November last year, each defendant pleaded guilty in the Southport Magistrates’ Court. Ms Jaros was sentenced to three months’ imprisonment, to be released immediately. Both were sentenced but released on condition of good behaviour for three years, with Mr Capper on a $5000 bond and Ms Jaros on a $2000 bond.

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