In what is seen as the biggest ever money seizure by UK law enforcement, the City of London Police today announced it took possession of bankers’ drafts worth £30 million following the arrest of a South Wales man. The funds are suspected to have been generated from overseas organised crime, including Ponzi schemes and on…
Read moreA French judge secretly came to Israel to oversee searches and conduct interrogations of 15 suspects in the affair.
Read moreThe UK Financial Conduct Authority (FCA) continues to issue warnings against clone firms – unauthorized entities that abuse the details of authorized firms in order to easily lure investors. The UK regulator today issued a warning against another clone - Swiss Investment, operating via www.investmentswiss.com/en/. The company offers a variety of FX services, while misusing…
Read moreThe UK Financial Conduct Authority (FCA) keeps its conquest against clone firms – unauthorized entities that abuse the details of authorized firms in an effort to defraud investors more easily. The latest warning concerns Markets Central Investment, a company which misuses the details of an FCA-licensed firm - Central Markets (London) Ltd. The clone entity,…
Read moreThe UK Financial Conduct Authority (FCA) today published a warning against unauthorized investment firm MT Capital Partners, trading as Justrader. The company is targeting potential clients by offering them a variety of Forex services. The regulator notes that these companies are not authorized by it to provide investment services to UK residents. Below are the…
Read moreContinuing our coverage of the arrest of Utrade owner and longtime retail forex entrepreneur Aviv Talmor, Israel business site Calcalist is reporting that Talmor has been remanded to seven days House Arrest, a common tactic in Israel for non-violent offenders facing criminal charges. As reported on LeapRate, Aviv Talmor was originally taken into custody last…
Read moreAviv Talmor is suspected of fraud, running a Ponzi scheme, money laundering and managing investment portfolios without a license.
Read moreThere is some development in the story about the UK prosecution of Alex Hope, the mastermind of a fraudulent FX investment scheme, and his accomplice Raj Von Badlo (also known as Raj Shastri)... Southwark Crown Court today ordered nearly £2.65 million ($3.86 million) to be returned to investors who had entrusted their money in a…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) today announced that a federal court in Fort Lauderdale, Florida, issued a Consent Order against Defendant Robert Tripode of Boynton Beach, Florida, in connection with his fraudulent activities as an employee and agent of Forex Monthly Income Fund (FMIF), a commodity pool based in Miami, Florida. The Order…
Read moreUK financial regulator the Financial Conduct Authority (FCA) has issued a warning against a clone of regulated forex broker IIB International Broker. The real IIB, which also goes by IIB FX, is based in Sofia, Bulgaria. According to the FCA, fraudsters are using or giving out the following details as part of their tactics to scam…
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