New Zealand's financial regulatory authority has issued a warning to potential investors that Eco Investments Group is offering risk-free investments in FX, precious metals and real estate with promises of high returns via a large scale newspaper advertising campaign
Read moreRussia's Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN) today added another entry to its list of fraudulent investment companies: Leveron (https://leveron.org/), a brand of Worldwide Finance Group Ltd. CRFIN's attention was drawn to the online project after numerous complaints by investors. The company, which offers a range of investment services to clients…
Read moreKevin G. White pleaded guilty on Dec. 11, 2013, to committing mail fraud in connection with a commodity trading fraud scheme, and was sentenced to 97 months in federal prison on Wednesday by U.S. District Judge Marcia A. Crone. White was also ordered to pay restitution in the amount of $3,926,870
Read moreProper 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 landmark legal prosecution concluded today in the UK, as Alex Hope and his accomplice in investment fraudulent activities Raj Von Badlo (also known as Raj Shastri), were both sentenced to prison. Alex Hope will spend the next seven years in prison, the harshest punishment imposed following prosecution by the Financial Conduct Authority (FCA) or…
Read moreCFTC charges Jacksonville, Florida fraudsters with operating a fabricated forex pool and misappropriating customer funds to pay personal expenses
Read moreDefendants who were unauthorized for investment pools in the UK bilked investors out of several million pounds back between 2011-2012, the Forex scheme promised returns of up to 100% in just a few short months, when in reality monies suffered heavy trading losses and used for personal expenses. Further sentencing will come on January 16th...
Read moreOver three and a half years after the demise of MF Global as a result of improper transfers of client funds, the litigation continues with the CFTC having this week imposed a further $100 million civil monetary penalty over and above the $1.2 billion restitution order applied to the firm in March this year
Read moreRussia's self regulatory organization for the FX industry has added Intrade24 to its blacklist which now totals 38 companies
Read moreSteven Lyn Scott to pay $766,625.30 in restitution and a $700,000 penalty to settle charges of solicitation fraud, misappropriation, and registration violations in connection with FX investment scheme
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