Three Individuals involved in a boiler room scheme, charged with binary options fraud LeapRate

Three Individuals involved in boiler room scheme, charged with binary options fraud

September 27, 2019 BY Valentina Kirilova

Three Individuals involved in a boiler room scheme, charged with binary options fraud

The Securities and Exchange Commission (SEC) announced yesterday that it has charged three foreign individuals with deceiving U.S. investors, causing them to lose millions of dollars and entire life savings through fraudulent, online sales of binary options. The defendants Gil Beserglik, Raz Beserglik and Kai Christian Petersen, deceived the investors through 3 online binary options…

UN report says North Korea laundered $2 billion theft via Hong Kong firm

December 14, 2018 BY Valentina Kirilova

Belgium regulator FSMA warns against Saga Nagoya Securities

The Financial Services and Markets Authority (FSMA) has just issued a warning against the irregular activities of Saga Nagoya Securities. Saga Nagoya Securities Addresses: 40F Midtown Tower, 9 Chome-7-1 Akasaka, Minato, Tokyo, Japan 56F Shanghai Tower, 501, Yincheng Middle Road, Pudong, Xinqu, Shanghai Shi, China Website: www.snscredit.com Email: [email protected]; [email protected] Tel.: +81 3 4578 8350…

September 17, 2018 BY Valentina Kirilova

Individual jailed over boiler room scam

UK financial regulator the FCA has announced that Michael Nascimento was today sentenced to 11 years’ imprisonment for his role in a share fraud carried out through a series of boiler room companies which led to the loss of more than £2.8 million of investors’ money. He was the controlling mind, instigator and the main…

November 09, 2017 BY Valentina Kirilova

Operators of binary options trading boiler room convicted and sentenced

Following an ASIC investigation, Jana Jaros and Jackson Laurence Malcolm Capper were convicted and sentenced for operating a financial services business without a licence and lodging false documents to ASIC containing false or misleading material. Each defendant pleaded guilty in the Southport Magistrates' Court. Ms Jaros was sentenced to three months' imprisonment, to be released…

July 13, 2017 BY Valentina Kirilova

SEC announces charges in telemarketing boiler room scheme

The Securities and Exchange Commission (SEC) announced that has brought fraud charges against 13 individuals allegedly involved in two Long Island-based cold calling scams that bilked more than one hundred victims out of more than $10 million through high-pressure sales tactics and lies about penny stocks. The SEC alleges that the orchestrators of the scheme…

December 23, 2016 BY Valentina Kirilova

FCA warns on clone firm of Rothschild Private Wealth

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Rothschild Private Wealth. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics…

May 04, 2016 BY Maria Nikolova

Belgium's FSMA adds more boiler rooms, recovery rooms to Warning List

Belgium's Financial Services and Markets Authority (FSMA) today warned the public against the activities of various "boiler rooms" and “recovery rooms” that are contacting Belgian consumers. The number of new additions to the Warning List exceeds a dozen, with the list including companies that exert pressure on customers to buy little-known shares or exotic financial…

April 19, 2016 BY Maria Nikolova

UK court orders boiler room fraudsters to pay £11 million in compensation

Southwark Crown Court today ordered convicted fraudsters Jeffrey Revell-Reade and Anthony May to pay a total of £11, 001,000 in compensation, following an investigation by the UK Serious Fraud Office into a large-scale boiler room fraud. Jeffrey Revell-Reade, 51, was ordered to pay a £10,751,000 confiscation order, whereas Anthony May, 60, was ordered to pay…

February 24, 2016 BY Maria Nikolova

London police arrest mastermind behind fraudulent binary options broker Base2Trade

Detectives from the City of London Police this morning arrested the suspected mastermind of Base2Trade, a binary options broker that defrauded its clients of about £2 million. The 38 year-old man, from Chingford, Essex, was arrested at City Airport, as he was returning from Cyprus where he had fled to a few weeks before a…

December 15, 2014 BY Andrew Saks-McLeod

Beware of the boiler rooms! Eight fraudulent firms give the hard sell

Belgium's Financial Services and Markets Authority has issued a collective warning regarding eight unlicensed entities which are using forceful sales tactics to dupe clients out of their investments

Tag: boiler room