Reuters has published an investigative article entitled London Calling: How British firms built a pyramid scheme in China that lost millions, which…
Read MoreTag: forex ponzi scheme
US court imposes total penalty of $3.7M on Forex Ponzi scheme architects
Ron Earl McCullough and David Christopher Mayhew will have to pay $1,223,388.43 in restitution and a $2,486,619.87 civil monetary penalty for operating a fraudulent Forex scheme.
Read MoreForex Ponzi Scheme lands $76 million fine in non-existent Black Diamond currency trading platform case
CFTC complaint results in one of the largest fines ever handed out to individuals in the US for currency trading fraud.
Read MoreLeapRate Forex Fraud Watch – Patrick Cole and GSM, Inc. to Pay over $2.2 Million in Sanctions
Ohio Federal Court Rules against Defendants in Connection with Foreign Currency Ponzi Scheme The U.S. Commodity Futures Trading Commission (CFTC) announced…
Read MoreLeapRate Forex Fraud Watch – CFTC fines FX trader David R. Lynch $470,000
He promised his victims a steady 7% monthly return from forex trading for almost 5 years The CFTC has announced…
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