fraud
OZ Management LP Fined $4.25 Million For Misleading Data
- The firm's dodgy data beleaguered the books of its four prime brokers and flowed into various SEC records and data.
Tuesday, 14/07/2015 | 15:54 GMT by
Andy Traveller
Breaking: Chelsea FC Partners CWM Were Target of Police Heron Tower Raid
- The City police is urging anyone who has invested in CWM’s managed funds offering 5% interest per month to get in contact. The 13 arrests this month were meant to "stop what we believe was an ongoing criminality".
Wednesday, 25/03/2015 | 11:15 GMT by
Avi Mizrahi
Fraud Alert: Belgium FSMA Warns against a New Breed of Forex Scams
- Fake lawyers, accountants and financial advisors are claiming that they are somehow able to recover deposits of clients who have lost money in trading forex and off exchange binary options contracts.
Monday, 16/03/2015 | 17:41 GMT by
Victor Golovtchenko
PFG Customers Gain Relief as CFTC Orders US Bank National Association to Pay $18 Million
- A US court has placed a permanent injunction against US Bank National & ordered it to pay $18 million to PFG’s clients, the custodian and clearing bank was found guilty of mishandling client money held in segregated bank accounts.
Wednesday, 04/02/2015 | 18:31 GMT by
Adil Siddiqui
IronFX Chinese Traders Storm Offices Demanding Money Back
- The latest protest has reportedly erupted after a trader threatened an executive at knifepoint. IronFX: "Any purported 'complaints' are defamatory and may be linked with rumors about the company's IPO."
Monday, 12/01/2015 | 11:11 GMT by
Avi Mizrahi
Hong Kong Court Takes Strong Action against Suspected Boiler Rooms - Freezing $4.3 Million
- The court's interim orders will remain in force until the hearing of the SFC’s application for final orders against all of the parties, the date of which has yet to be fixed. The Hong Kong watchdog's investigation is continuing.
Wednesday, 07/01/2015 | 11:49 GMT by
Avi Mizrahi
A £130 Million FX Fraud Hits Celebrity UK Investors, Brokers Are Getting Ready for 2015
- Forex Magnates spotlights the passing week's top news from around the world, from Leverate founders' 25% buyback of shares from Saxo Bank to another major broker's final exit from the North American market.
Sunday, 28/12/2014 | 14:27 GMT by
Avi Mizrahi
FX "Investment Club" JL Trading Disappears along with £130 Million of Clients' Funds
- British police are investigating an alleged fraud over claims about $200 million went missing from an FX investment company as its manager, Joe Lewis, left his office abroad and can no longer be found anywhere.
Sunday, 21/12/2014 | 14:29 GMT by
Avi Mizrahi
Social Media Sellers Get Busted as SEC Charges for FX & Investment Fraud
- US regulator has charged two Indian-based fraudsters & their firm for their involvement in a high-yield investment scheme that offered guaranteed returns. The firm was caught-out for its mis-selling on social media.
Wednesday, 12/11/2014 | 20:39 GMT by
Adil Siddiqui
Bitcoin Savings and Trust, Trendon Shavers Charged with $4.5Mln Fraud
- Trendon Shavers, operating under the alias “pirateat40”, has been charged by US District Court for operating a Bitcoin-related Ponzi scheme, misappropriating approximately $4.5 million worth of Bitcoin.
Thursday, 06/11/2014 | 19:15 GMT by
Jeff Patterson
FINRA & SEC Issue Investor Warning on Penny Stock Fraudsters
- The Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission's (SEC) Office of Investor Education and Advocacy has released a warning to investors over volatile penny stocks.
Thursday, 30/10/2014 | 17:53 GMT by
Jeff Patterson
The Price Isn't Right! "Dead" Banker Sentenced to 70 Years in Jail for $72 Million Fraud
- Aubrey Lee Price, a former preacher and investment adviser who faked his own death, pleaded guilty to defrauding his clients and his bank and was sentenced to 70 years in prison Tuesday by a U.S federal court.
Wednesday, 29/10/2014 | 11:43 GMT by
Avi Mizrahi
Monolith-Invest, Personal-Trader.RU Blacklisted by CRFIN
- The Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN) has blacklisted a fraudulent organization under the alias Monolith-Invest, citing unrealistic expectations and misleading guarantees.
Friday, 10/10/2014 | 17:08 GMT by
Jeff Patterson
IFG Markets, Wilson Cheng Permanently Barred from NFA Following Settlement
- Following an earlier compliant and allegations of illicit recordkeeping practices and fraud by the NFA, IFG Markets LLC and Wilson Cheng have been permanently banned from membership, reaching a settlement.
Thursday, 09/10/2014 | 18:29 GMT by
Jeff Patterson
U.S Watchdog Charges Forex Monthly Income Fund with Fraud for Misappropriating over $1 Mln
- A firm that guaranteed senior citizens monthly returns on their investment based on profits earned from trading allegedly never traded but rather misappropriated more than $1 million of the pool participants’ funds.
Tuesday, 07/10/2014 | 16:19 GMT by
Avi Mizrahi
You Were Warned! Ukrainian Broker MMCIS Limits Withdrawals as Part of Anti-Crisis Measures
- After reported allegations against the broker it issued an emergency anti-crisis program to "stabilize the company under a raider attack and eliminate panic" including increasing its number of lawyers and security.
Tuesday, 07/10/2014 | 15:28 GMT by
Avi Mizrahi
Boston Trading Owner, Craig Karlis Sentenced to 9 Years in Prison for Forex Fraud
- Massachusetts based owner of the company Boston Trading and Research LLC, Craig Karlis was sentenced to nine years in prison and commissioned to pay to defrauded victims of his forex scheme $4,378,306.
Friday, 19/09/2014 | 21:15 GMT by
Victor Golovtchenko
Kount to prevent fraud at a processor level with 'Kount Central'
Sunday, 07/09/2014 | 11:25 GMT by
FMAdmin Someone
IronFX Grilled on Chinese TV by Affiliates, Criminal Fraud Investigation Filed on Air - Updated
- In a 20 minute report, a journalist went undercover to experience the deposit process and track the money. A Chinese official called for a “severe punishment” in the event that IronFX is found to be operating illegally.
Thursday, 04/09/2014 | 08:00 GMT by
Avi Mizrahi
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