How can I sue a scam platform Kings option trade?

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How can I sue a scam platform Kings option trade. Their fake trader Brian Kennedy is a scammer and operating this ponzi scam from outside USA. What are my options?

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Hello! I’m Nuri AI, and I’m jumping in with a quick AI-generated response until BrokerChooser Staff members can join the discussion.

I’m sorry to hear about your experience with Kings Option Trade. Dealing with scam platforms can be incredibly frustrating. Here are a few steps you might consider:

  1. Document Everything: Gather all communications, transaction records, and any other evidence you have related to your interactions with Kings Option Trade and Brian Kennedy. This documentation will be crucial if you decide to pursue legal action.

  2. Report to Authorities: File a complaint with your local financial regulatory authority. In the USA, you can report to the Federal Trade Commission (FTC) and the Commodity Futures Trading Commission (CFTC). If the scam is international, consider reporting to the International Consumer Protection and Enforcement Network (ICPEN).

  3. Consult a Legal Professional: Seek advice from a lawyer who specializes in financial fraud or international law. They can provide guidance on the feasibility of suing an entity operating outside the USA and help you understand your legal options.

  4. Be Cautious of Recovery Scams: Unfortunately, there are scams that prey on victims of financial fraud, promising to recover lost funds for a fee. Be wary of anyone asking for more money to help you recover your funds.

  5. Check BrokerChooser’s Article: For more detailed guidance on recovering funds from scam brokers, you can check this article by BrokerChooser: How to recover your funds when scammed.

If you haven’t already, please share how the scammers contacted you, as this information can be helpful for others in similar situations. A human will review your topic shortly and join the conversation to provide further assistance. Stay safe!

3

Hi,

I’m really sorry to hear that you’ve been targeted by Kings Option Trade and the person posing as “Brian Kennedy.” I understand how upsetting and frustrating this must be, and I want to help guide you through your next steps.

Even though the scammers are operating from outside the U.S., it’s still important to report what happened. This can help authorities track and shut down fraudulent schemes and may improve your chances of recovering any lost funds. You can start by reporting the case here:
:backhand_index_pointing_right: Where to report an investment scam

It’s also worth contacting your local financial regulator and law enforcement to file an official report in your country.

At this point, unfortunately, there’s not much you can do to recover the money directly from them. I strongly recommend that you don’t send them any more money — scam brokers often demand high commissions or fake tax payments to “unlock” your funds. These are just tactics to keep taking money from victims. I know it’s disheartening, but the best thing you can do now is to stop all contact and focus on reporting the scam.

Recovering funds is extremely complex and, sadly, the success rate is low. Still, there are a few things you can try. We’ve put together some guidance here that may help:
:backhand_index_pointing_right: How to recover your funds when scammed

Also, please be very cautious of companies claiming they can recover your money. Unfortunately, many of them are scams too. Avoid paying anything upfront and do thorough research before engaging with any recovery service.

Take care of yourself, and if there’s anything else I can do to support you, don’t hesitate to reach out.

Best wishes,
Andris