September 10, 2013 BY Gerald Segal

LeapRate Forex Fraud Watch – $2.4M fine to Alex Ekdeshman for forex ponzi scheme

Alex Ekdeshman and his company Paramount Management LLC used the vast majority of customer funds for business expenses. The CFTC has announced that it has obtained a federal court order against Alex Ekdeshman of Holmdel NJ and his company Paramount Management LLC, requiring $1.1 million in restitution to their defrauded customers plus a $1.3 million monetary…

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