The CEO of CWM, one of the most controversial groups the retail forex industry has seen in the last couple of years, is facing jail time according to a number of media reports in the UK press. The Sun, the Daily Mail and the Metro are reporting that Anthony Constantinou has been found guilty of sexual assault.
The 34 year old executive of the forex and CFDs brokerage, that was all over the news last year as £50 million worth of client funds went missing, is now facing a jail sentence because of proven allegations made by two women that he molested them during ‘after-work drinks’. Charges brought by a third woman were dismissed.
The jury was undecided on whether three further charges that were brought forward by two of the three women could be verified. The jury is said to have deliberated on the outcome of the trial for about 14 hours.
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According to the court hearing, Constantinou forced himself upon a woman against the frosted glass of the reception area at the company’s premises, groped her and kissed her against her will. This was documented to have occurred in October 2014.
In February 2015, Constantinou violently assaulted another woman during an after-work drinks gathering, throwing her phone against a wall.
CWM was one of the most controversial brokerages last year with the company actively targeting members of the UK Gurkha and Nepalese communities. They were majorly affected by a fraudulent scheme in which a managed fund run by CWM was offering a whopping 5 per cent monthly return to its clients.
The CWM case unfolded in March last year. The detectives working on the case uncovered the names of the investors. In the opinion of the police, the investors in the managed fund most likely fell victim to a major investment scheme.