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Fraudulent Scheme ‎

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Retail FX

US SEC Dismantles $194 Million Global Pump and Dump Scheme

  • The scheme covered three continents.
  • The defendants are accused of participating in multi-year fraudulent penny stock schemes.
by Felipe Erazo
CryptoCurrency

Scammers Steal $1.6m via New YouTube Crypto Giveaway

  • The scammers used footage of Elon Musk, Vitalik Buterin and others.
  • The exact number of victims and total amount of stolen funds remain unknown.
by Solomon Oladipupo
Regulation

US Federal Court Orders Trader to Pay Manipulative Scheme Penalties

  • Final judgments and consent orders have been issued against James Vorley and Cedric Chanu.
  • A civil monetary penalty of $150,000 is imposed on each defendant.
by Felipe Erazo
Retail FX

Latvian and Lithuanian Authorities Detain 108 People over Call Center Scam

  • The fraudsters were running fake financial investment schemes.
  • Europol and Eurojust also supported the operation.
by Bilal Jafar
Institutional FX

AMF Warns French Retail Investors against Fraudulent Share Offers

  • Victims of fake investment proposals report an average loss of €55,000.
  • AMF reiterates caution against offers to buy FDJ shares.
by Solomon Oladipupo
Institutional FX

US Court Fines Kentucky Men $5m for Commodity Futures Pool Fraud

  • Men defraud investors of $1.2 million in 2013.
  • Court orders permanent trading and registration ban.
by Solomon Oladipupo
Retail FX

Chicago Trader to Pay $377,000 for Forex and Commodity Fraud Charges

  • Trader's company was part of the consent order issued by a court in Illinois.
  • The order permanently prohibits further violations of the CEA and CFTC
by Felipe Erazo
CryptoCurrency

IGObit Coin Project Representative Convicted of Crypto Scheme

  • Saint Clair defrauded over 60 victims through World Sports Alliance.
  • He claimed that World Sports Alliance was a close affiliate of the UN.
by Felipe Erazo
Retail FX

SEC Announces Fraud Charges against 5 Individuals in $58 Million Scheme

  • The individuals were allegedly running a call center.
  • They misled investors through dodgy tactics.
by Bilal Jafar
News

CFTC Files Charges against Four Operators of $44 Million Crypto Ponzi

  • People from Florida, India, North Carolina and New York are involved in the scheme.
  • The website used for the Bitcoin Ponzi was dubbed 'JetCoin'.
by Felipe Erazo
Regulation

US Authorities Charge Siblings in $124 Million Crypto Fraud Case

  • The US Attorney for the Southern District of New York Office arrested John Barksdale.
  • The siblings are accused of running a $124 million crypto fraud scheme.
by Felipe Erazo
Retail FX

CySEC Blacklists Four More Forex and Investment Websites

  • The Cypriot SEC has banned sites used for forex, CFD and crypto trading.
  • Investment regulation continues to be a hot topic for the small country.
by Nicholas Otieno
Retail FX

CFTC Charges Two Florida Residents and Their Firm with $19 Million Futures and Forex Fraud

  • The CFTC alleged that the Florida-based company defrauded investors out of $19 million.
  • The culprits promised returns which never materialized.
by Nicholas Otieno
Institutional FX

Nikola to Pay $125 Million to Settled SEC Fraud Charges

  • The electric truck manufacturer, Nikola agreed to pay millions to settle fraud charges.
  • The SEC accuses Nikola of defrauding investors.
by Nicholas Otieno
Regulation

US SEC Charges Individual for Running $10 Million Market Manipulation Fraud

  • James David O'Brien is accused of opening 18 securities accounts at 14 different brokerages for running a fraudulent scheme.
by Felipe Erazo
News

Beitar Jerusalem Owner among the Suspects Arrested in Crypto Fraud Bust

  • Hogeg's brother is among the people arrested by the Israeli police during the raid deployed today.
by Felipe Erazo
Retail FX

Massive Protests from MBA Forex Firm Victims Arise in Nigerian City

  • Angered people are threatening to dump corpses of victims who have died from frustration over the alleged fraud.
by Felipe Erazo
Regulation

US CFTC Charges North Carolina Companies in a $1 Million Forex Fraud Case

  • The owners were charged individually as part of the civil enforcement action filed by the CFTC.
by Felipe Erazo
Binary Options

US Court of Florida Orders Man to Pay $2.5M on a Binary Options Fraud Case

  • The individual's company was included in the permanent injunction issued by a judge of a US District Court.
by Felipe Erazo
Retail FX

US CFTC Charges Three Individuals Involved in a Commodities Fraud Scheme

  • The United States Attorney for the Southern District of New York filed separate criminal charges against them.
by Felipe Erazo
Retail FX

UK FCA Calls Victims to Claim Compensation on £2.8M Investment Fraud Case

  • There are approximately 20 victims still unlocated by the UK financial watchdog.
by Felipe Erazo
Institutional FX

Second Former Deutsche Bank Trader Gets Sentenced to Prison for Fraud

  • Cedric Chanu was a commodities trader employed by the financial institution in Singapore and later in London.
by Felipe Erazo
Regulation

SEC Accomplishments Report Shows 56 Crypto Cases

  • The commission has brought 56 cases related to ICOs, blockchain, and crypto-assets since July 2017.
by Bilal Jafar
Regulation

SEC Announces Two Whistleblower Awards Worth $4.3 Million

  • The commission has awarded around $719 million to 112 individuals since 2012.
by Bilal Jafar
Regulation

Philippines DOF Warns Against Crypto Scam Bitcoin Revolution

  • Bitcoin Revolution has been falsely using the name of the country’s Finance Secretary.
by Celeste Skinner
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