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‘Outstanding Balance’ Email Opens Binary Options Scam Website

by Brett M. Christensen

According to this “reminder” email, I have an outstanding balance in my account of $3124. Supposedly, the message is a final reminder before the account is frozen.  It urges me to click the “Confirm” button to go to the next page and “avoid any complications”.

Here’s what the scam email looks like:

Outstanding Balance Binary Options Scam

But, alas, I don’t really have $3124 waiting in an online account I know nothing about.  The outstanding balance claim is just a ruse to get me to visit a scam website that promises that I can make hundreds of thousands of dollars in just a few weeks by signing up.


The site is a binary options scam and its outlandish claims are just nonsense designed to fool you into participating in a scheme that will steal your money and personal information. If you receive one of these messages, just delete it.

I discuss this scam in more detail in this earlier Hoax-Slayer report.

Importance Notice

After considerable thought and with an ache in my heart, I have decided that the time has come to close down the Hoax-Slayer website.

These days, the site does not generate enough revenue to cover expenses, and I do not have the financial resources to sustain it going forward.

Moreover, I now work long hours in a full-time and physically taxing job, so maintaining and managing the website and publishing new material has become difficult for me.

And finally, after 18 years of writing about scams and hoaxes, I feel that it is time for me to take my fingers off the keyboard and focus on other projects and pastimes.

When I first started Hoax-Slayer, I never dreamed that I would still be working on the project all these years later or that it would become such an important part of my life. It's been a fantastic and engaging experience and one that I will always treasure.

I hope that my work over the years has helped to make the Internet a little safer and thwarted the activities of at least a few scammers and malicious pranksters.

A Big Thank You

I would also like to thank all of those wonderful people who have supported the project by sharing information from the site, contributing examples of scams and hoaxes, offering suggestions, donating funds, or helping behind the scenes.

I would especially like to thank David White for his tireless contribution to the Hoax-Slayer Facebook Page over many years. David's support has been invaluable, and I can not thank him enough.

Closing Date

Hoax-Slayer will still be around for a few weeks while I wind things down. The site will go offline on May 31, 2021. While I will not be publishing any new posts, you can still access existing material on the site until the date of closure.

Thank you, one and all!

Brett Christensen,
Hoax-Slayer