Money Laundering is an act of concealing the origin of money or assets resulting from crime through various financial transactions so that the money or assets appear as if the originate from legal activities. There are three stages taken to “purify” the proceeds of money laundering. First, money generated from a criminal (placement). Second step is to carry out complex, layered and anonymous financial transactions with the aim of separating the proceeds of crime from their sources (layering). Final step is the stage where the perpetrator re-enters funds whose origins have been blurred into assets that appear legitimate either to be enjoyed directly, invested in various forms of financial assets, used to finance legitimate business activities (integration). Recently, discussions regarding Binomo have become increasingly popular. For example, the case of Indra Kenz that is known as affiliate in Binomo. The type of research that is used for this case is juridical research. The data used are primary data, secondary data, and tertiary data. The data analysis method used is qualitative data analysis and conclusions are drawn using the inductive method. This research is intended to find out about statutory policies in handling criminal cases of illegal online investment fraud, and steps in suppressing cases of illegal investment fraud to create legal protection for investors. This research shows the legal protection of investors in illegal online investment fraud has fulfilled the formulation contained in the Constitution of Electronic Information and Transaction, and The Criminal Code regarding online investment fraud.