<prompt> Human: I just got a phone call at 11 at night from my mother, who noticed that my college-aged brother has transferred 3000 to something called Redwood Binary Options. These transfers have been on both his credit and debit card, and have been in increments of 250. I cant find any reputable information about this company anywhere online. Google just links to either the companys own site, or shady review sites that our lousy with advertising for the platform being reviewed.So: has my brother given his banking information to a shady company? I need Reddits help to learn more about this so I can sleep soundly tonight.Edit: Thanks for the advice all. It seems it was as bad as I was afraid of. Were taking steps like setting credit limits on cards and are trying to talk to him about whatever problems he may be having. I was hoping that this seemingly bad situation would have an easy out, but I guess thats not going to be the case.  <response>: I consider myself a pyramid scheme and scam expert, and there is at least a half-dozen warning signs from around the internet, not to mention they are under fraud investigation. This is clearly a scam that is designed only to exist for a year or so, get as much money as possible, then vanish with everyones money before the fraud investigations truly get underway. A very common scam model used against seniors.What you should tell your brother is quite often what happens is when various banks or debtors invest in these scams, and then lose, its common practice for the company to sometimes try to out many of their investors, so various collection agencies will start harrasing them, as if they are part of the scheme, just because they invested money. Happened to a friends mother. Lost 5k to a pyramid, then gets sued by some random firm for being a original owner and investor in said scam company after it vanished. These scammers often play on the fact that a lawfirm hired to collect debts often doesnt give 2 shits if its ethical or even from the true guilty party. Just get me 50k anyway possible is how these scammy lawfirms that take these cases in the first place often go. The very same layers who send legal threats to a 6 year old for downloading britney spears songs. 