Revealed! Indra Kenz And Affiliates In The Alleged Binomo Fraud Case Promise 80-85 Percent Profits

Illustration-Criminal Investigation Unit of National Police (Rizky AP)

JAKARTA - The Directorate of Special Economic Crimes, Criminal Investigation Unit of National Police, has finished examining 8 whistleblowers in cases of alleged fraud under the guise of Binomo binary options trading. The results of the examination, the reported party is said to have promised a profit of up to 85 percent.

"Promising a profit of 80 to 85 percent of the value or open trade funds determined by each trader or victim," said the Director of Special Economic Crimes at the National Police-Criminal Investigation Department Brigadier General Whisnu Hermawan in his statement, Thursday, February 10.

The reported parties, in this case, are the affiliates. Where one of them is Indra Kesuma alias Indra Kenz. In addition, from the results of the examination of the complainants, this alleged fraud was carried out in April 2020. Affiliates use social media to promote the Binomo trading application.

Moreover, affiliates also on social media say that Binomo is legal in Indonesia.

"There are various modes, one of which is by looking at the promotions spread by the reported IK and friends via YouTube, Instagram, Telegram by offering profits through the Binomo trading application (Binary Options)," said Whisnu.

"That Binomo is legal and official in Indonesia is evidence on the reported YouTube and also the reported party teaches trading strategies in the application and continues to show off its profit results," he continued.

Eight people reported the Binomo trading application to the Criminal Investigation Police of the Indonesian National Police. They suffered losses of hundreds of millions each. If the total loss reaches IDR 2.4 billion

Not only that, but the Binomo application was also reported. This is because a number of affiliates, as well as influencers who helped promote the trading platform, were also reported. Reports are registered with the number STTL/29/II/2022/BARESKRIM.

In that report, the Binomo trading application was suspected of violating Article 27 paragraph 2 of the Electronic Transactions Law (UU ITE) regarding online gambling, Article 28 paragraph 1 of the ITE Law regarding fake news that harms consumers, and Article 378 of the Criminal Code in conjunction with Article 55 regarding fraud.

Then, Article 3, Article 5, and Article 10 of Law Number 8 of 2010 concerning the Crime of Money Laundering (TPPU).