Contacted by a “Burton Putnam” (whose picture has been used in a real estate scam in Virginia, I have recently found out). Offered a “company directed” binary option account, which promised amazing returns (I know too good to be true!)
I purchased the minimum account ($1000) and they , on paper brought that account up to 11,000 plus dollars. They were to charge a 25% fee for service when I took the money out for any withdrawal.
This person made numerous attempts to get me to invest more money, but I told him I could not, so eventually he left me alone and the account kept growing on paper.
At the 11,000 plus mark I was told I had to withdraw all of the money, or at least the profit and I would have the 25% fee.
Then I was told, I would have to transfer the $2,300.00 fee to them before they could release the money. I then knew for sure this was a scam.
I requested a refund of my initial investment and they have not responded and I do not expect them to.I know Buyer beware, but beware of the names Yardstick Investors and Burton Putnam.