Preview Mode
fraud
Commodity Pool Operator Dips Into Customer's Funds Via Loan, CFTC Alleges in Filed Complaint
- CFTC Alleges Alexander Glytenko of Direct Investment Products (DIP) solicited 761 investors for $3.9M and then misappropriated customers funds via a $464,000 personal loan against the CPO pool that hasn't been repaid.
CFTC Orders Australian Schemers to Pay $192 Million in Fines and Restitution
- US financial regulator slams unregulated money manager for dealing in Forex fund management. CFTC awaded civil monetary penalties of more than $192 million against Defendants Senen Pousa and Investment Intelligence Corporation.
by
Adil Siddiqui
InvestTech FX Senior Executives Charged By Canadian Police Over Alleged Fraud
- The Toronto division of the Royal Canadian Mounted Police has today charged two directors of InvestTech FX Technology with fraud, as a result of a high value scheme which misappropriated client funds.
by
Andrew Saks McLeod
Eye For Detail Required: HKMA Issues Warning Over RBS Imposter's Website
- The Hong Kong Monetary Authority has yesterday issued a warning to potential FX traders regarding its discovery of a fraudulent website whose domain name appears similar to RBS, yet has absolutely no connection whatsoever.
by
Andrew Saks McLeod
Orchestrator Of New Zealand's Largest Ever Ponzi Scheme Sent To Jail For 10 Years
- David Ross, CEO of Ross Asset Management, has today been sentenced to 10 years and 10 months in jail for orchestrating the largest and highest value Ponzi scheme in the history of New Zealand, with $115 million lost.
by
Andrew Saks McLeod
Californian FX Fraudster Ordered To Pay $17 Million In Penalties, Plus Jail Term
- The US Commodity Futures Trading Commission has today announced that it has obtained a federal court order against FX fraudster Lyndon Parilla, who must pay $17 million, plus sit out a 97 month jail term.
by
Andrew Saks McLeod
NFA Files Complaint Against Euro Pacific Holdings For Fraud & Deception
- The NFA has charged Euro Pacific Holdings and its CEO Alexander Blum with fraudulent business activities, providing false information, conducting FX business with non-Members of NFA, and using a deficient disclosure document.
by
Andrew Saks McLeod
Fraudster Who Led MMA Forex In Dubai Sentenced To Two Years In Jail
- Malik Noureed Awan has been sentenced to two years in jail following a guilty verdict at a court in Dubai on allegations of fraud. Mr Awan's company, MMA Forex had taken deposits from customers that it could not return.
by
Andrew Saks McLeod
A Virtual $27 Became A Very Real $866,000: The Accidental Fortune of Kristoffer Koch
- Norwegian student Kristoffer Koch invested $27 in March 2009 to buy 5,000 Bitcoins as part of a university thesis, subsequently forgetting that he had done so. Today, Mr. Koch's tiny investment is worth $866,000.
by
Andrew Saks McLeod
After the Demise of Liberty Reserve, Co-Founder Vladimir Kats Pleads Guilty to Multiple Related Charges
- The payment provider whose collapse shocked Forex brokers and traders, gets some justice for its victims as co-founder Vladimir Kats of Brooklyn pleads guilty to multiple counts conspiring in the fraud.
See more
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}