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In many cases brokers allegedly falsify online balances and account statements, marking the prices of options held by their clients to arbitrary values. No actual trading may take place and clients are simply told that the trades have been executed based on their instructions.
They then attempt to press clients for additional assets and convince them, based on the previous performance that they can get rich quick. Clients who move significant portions of their investment portfolios to these brokers lose tens or hundreds of thousands, which makes it a particularly devastating type of fraud perpetrated on victims living in hope.