Fraud, Forex and Court Hearings

Further to our story last month about the fraudulent findings of Craig Karlis and co, here: a date for

Further to our story last month about the fraudulent findings of Craig Karlis and co, here: a date for an initial court hearing has now been finalised and hopefully this saga can begin the process for some closure.

“A status hearing is scheduled before Judge Leo Sorokin for December 6, 2010, 03:15 PM at Courtroom 24, John Joseph Moakley Courthouse, 1 Courthouse Way, Boston, MA for defendant(s) Craig A. Karlis.  The purpose of this hearing is to determine if there are issues that the Court needs to address and to schedule any necessary future court dates.”

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

One of the victims or potential victims forwarded us an email from the Attorney’s Office outlining further details and the process to be undertaken. Usually an email is never used exclusively, they’ll always send a written letter to victims, but on this occassion they’re only sending emails, as they mention:

Suggested articles

Ready to kick-off your Trading Game with Manchester United?Go to article >>

“Due to the large number of victims in this case, it is not possible to send written notification of each scheduled courthearing. Notification about hearings will be sent to the email address that our office has for you, and updates will also be available on-line at,or by calling the VNS toll-free number, 888-221-6023 and choosing option #5.  You may also contact the Jessica Pooler,Victim Witness staff at the U.S. Attorney’s Office at617-748-3299. If you plan on attending any hearings, please call the Victim Witness staff a day prior to the hearing date to ensure that no changes to the date or time have been made.”

Strange reasoning – they can’t write letters out to each victim because there are too many? So why doesn’t this logic apply to the sentence hearing? As they mention:

“You will receive written notification of the sentencing hearing once it is scheduled. Your presence is not required atcourt hearings unless you have received a subpoena to testify. Please feel free to contact Jessica Pooler either by phone or email as listed above.”

Anyway, even though the victim’s presence is not required during the sentence hearing, I can tell you if I was scammed by someone for large amounts of money, I’d definitely be going down. Not that I have large amounts of money, nor would I be gullible enough to be scammed for large amounts of money, but you get my point.

Got a news tip? Let Us Know