CEO of Blue Bit Banc Pleads Guilty to Running Binary Option Fraud

[kreslik.news]

The operator of online trading brands, Blue Bit Banc and Blue Bit Analytics, today pled guilty to conspiracy in New York federal court for his role in defrauding investors out of $2 million in a binary options scam that also involved a crypto fraud scheme to cover up their tracks.

Blake Kantor, also known as Bill Gordon, has been hit with fraud charges and making false statements to special agents of the FBI. He was arrested in April 2018 by the federal authorities and faces about 20 years in prison, the US Justice Department said Monday.

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