ST. LOUIS — Individual investors are suing trading platform operators, citing alleged common law fraud.
Larry Dreppard, Eugene Timmons, John Rothstein and Harry Phillips filed a complaint Sept. 26 in the St. Louis Circuit Court against Yukom Communications, doing business as Binary Book, doing business as Big Option; Numaris Communication; Linkopia; Alitos Group; and others, alleging they violated the Missouri Merchandise Protection Act.
According to the complaint, the plaintiffs allege they suffered significant financial losses, mental and emotional sufferings, anxiety and depression. Some were had to file bankruptcies and were left by their spouses. The plaintiffs hold the defendants responsible because they allegedly solicited the plaintiffs to use their binary option trading platform but would not allow them to withdraw proceeds without permission and sold over-the-counter securities that the plaintiff claims are fake and have no market value.
The plaintiffs seek actual, statutory and punitive damages, attorney's fees, costs and any further relief as the court deems just and proper. They are represented by Tami Hamm of The Hamm Law Firm LLC in St. Louis.
St. Louis Circuit Court case number 1722-CC11401