David Lewalski of Botfly LLC sentenced to 20 years in jail for forex scam

Monday, 21/11/2011 | 08:31 GMT by Michael Greenberg
  • According to a federal criminal Complaint filed in U.S. District Court in the Middle District of Florida, David R. Lewalski, 47, formerly of Gainesville, FL, and his co-conspirators allegedly solicited money about $30 million from hundreds of investors based on false statements that Lewalski could earn the investors up to 10 percent interest per month by trading on the foreign currency (FOREX) market.
David Lewalski of Botfly LLC sentenced to 20 years in jail for forex scam

According to a federal criminal Complaint filed in U.S. District Court in the Middle District of Florida, David R. Lewalski, 47, formerly of Gainesville, FL, and his co-conspirators allegedly solicited money about $30 million from hundreds of investors based on false statements that Lewalski could earn the investors up to 10 percent interest per month by trading on the foreign currency (Forex ) market.

The Complaint alleged that Lewalski, who operated a company called Botfly LLC:

Judge Whittemore also ordered Lewalski to forfeit more than $29.8 million and numerous computers.

Forbes and Law360 report.

Click here to access your latest copy of the Forex Magnates Retail Forex Industry Report.

According to a federal criminal Complaint filed in U.S. District Court in the Middle District of Florida, David R. Lewalski, 47, formerly of Gainesville, FL, and his co-conspirators allegedly solicited money about $30 million from hundreds of investors based on false statements that Lewalski could earn the investors up to 10 percent interest per month by trading on the foreign currency (Forex ) market.

The Complaint alleged that Lewalski, who operated a company called Botfly LLC:

Judge Whittemore also ordered Lewalski to forfeit more than $29.8 million and numerous computers.

Forbes and Law360 report.

Click here to access your latest copy of the Forex Magnates Retail Forex Industry Report.
About the Author: Michael Greenberg
Michael Greenberg
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About the Author: Michael Greenberg
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