December 16, 2014 BY Mike Fox

U.S. Federal Court orders Missouri FX fraudster and his company to pay over $2.5M in monetary sanctions

The defendants concealed trading losses, misappropriated approximately $1 million of pool participants’ funds, issued false account statements to pool participants, and failed to disclose that the counterparty to the retail forex transactions that were offered or entered into with the respective pools was not registered with the CFTC.

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