The United States Commodity Futures Trading Commission (CFTC) apparently can not locate Peter Szatmari, who defrauded nearly 4 million USD from binary options investors.
According to the CFTC files Szatmari used fraudulent marketing materials to lure potential customers to open binary options accounts and to fund them. On top of that he recommended brokers and offered automated trading software with free access, claiming that anyone can make huge profits without losing or risking a single dollar.
How do people still fall for such promises. 