Breaking News – ‘Wealth Recovery International’ shuts down Israel operation after founder pleaded guilty to binary options fraud
The founder and boss of Wealth Recovery International (WRI) scam Austin Smith was sentenced to 12 months in prison in the United States. He had first stolen from customers as the manager of a binary options boiler room in the Yukom scam and then stole from them again as a so-called fund recovery expert. He promised to get back the money he had stolen from them in the first place. He concealed these connections from his WRI clients and demanded them to pay high fees for his fraud services. Smith pleaded guilty.