Gregory Christopher Evans has to pay a penalty of more than $1.2 million and is banned from registering with the CFTC and engaging in commodity-related activity.
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West-country pensioners in FX fraud trial following £20 million demise of firm
Proper Job, as they say in the West Country. Former owners of Crown Currency Exchange made the journey from the countryside to London to stand trial for their activities which contributed to the demise of the firm in 2010, with £20 million debt and only £3 million assets
Read MoreA fair cop, mate! Australian court seeks to impose 10 year jail term
Stock trader Peter Farris allegedly avoided a loss of $123,975 by gaining prior information, for which he may spend a decade in jail.
Read MoreFBI wraps case against FX fraudster who embezzled $3.4 million from over 65 clients
The USA once again demonstrates its commitment to customer protection as a Massachusetts court is set to hand down two potential 20 year sentences and a $500,000 fine to Marcellus Lopes Lee for 16 counts of wire fraud and utilizing client funds for his own purposes.
Read MoreRezwealth Ponzi scuppered as OSC applies fine of almost $6 million, and sanctions all parties involved
After a year of legal proceedings, the OS has taken action against Canadian Ponzi scheme operators which bilked customers out of funds, promised unrealistically high returns, with most of the funds having been misappropriated.
Read MoreASIC gets tough on unregulated FX business: Takes a stand by shutting firm down
Australia’s national financial regulator has obtained a court order against unlicensed FX firm which promised “quick executions, low spreads, and intelligent customer-service”, but withheld profits from clients. With the firm now closed by ASIC, the investigation continues.
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