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fraud
Ponzi Scheme Eh? Ontario Regulator To Hear FX Fraud Case Tomorrow at 10.00am
- The Ontario Securities Commission is scheduled to hear the case against FX trader Sylvan Blackett, Rezwealth Financial Services and Tiffin Financial in legal proceedings which have been a somewhat long, drawn-out affair.
by
Andrew Saks McLeod
Don't Mess With The U.S. - America Leads The Way in Strict Sentencing For FX Fraudsters
- As worldwide authorities concentrate on firming up the regulatory structure of FX firms, some regimes are stricter than others. The US has demonstrated this by sentencing a Ponzi scheme to 20 years.
by
Andrew Saks McLeod
Largest Ponzi Scheme In New Zealand's History Lands Perpetrator In Jail
- New Zealand fraudster David Ross was sentenced to jail on Thursday last week for orchestrating the largest Ponzi scheme ever to have occurred in New Zealand. The FMA cites a total of $380 million in fraudulent activity.
by
Andrew Saks McLeod
US Authorities Ban PFG Auditor Permanently One Year After Firm Failure
- The US Commodity Futures Trading Commission has today announced that it has issued a permanent ban against Jeannie Veraja-Snelling, an external auditor and accountant acting for PFG at the time of its demise in July 2012.
by
Andrew Saks McLeod
$72 Million Ponzi Scheme Lands Gregory McKnight With 15 Year Jail Sentence
- The US Securities and Exchange Commission announced yesterday that Gregory McKnight has been sentenced to 15 years and 8 months in jail for operating a $72 million Ponzi scheme and operating without regulatory approval.
by
Andrew Saks McLeod
The Case Continues: BNY Mellon Faces Ongoing FX Fraud Case Once Again
- The latest development in the State of New York's lawsuit against financial giant BNY Mellon was heard by the Supreme Court on Monday this week, ruling that the fraud claims brought against the bank can proceed.
by
Andrew Saks McLeod
FX Trader and Portfolio Manager Receives Lawsuit From Canadian Authorities For Fraud
- The British Columbia Securities Commission yesterday issued a notice to independent FX trader Hong Liang Zhong alleging that he committed fraud by concealing how he earned commissions, and making false guarantees.
by
Andrew Saks McLeod
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