Tag: Forex Scam

March 24, 2015 BY Maria Nikolova

KPMG warns about fraudulent Alpari UK China Support Team

Fraudulent schemes have reached new highs and the latest example in this respect comes with regard to insolvent retail Forex broker Alpari UK. The ill-fated company, which has more than 100,000 clients still waiting to get their funds back, had subsidiaries in several other jurisdictions, including Japan and China. Clients of Alpari's Chinese business are…

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February 20, 2015 BY Andrew Saks-McLeod

State of Texas jails FX fraudster for 97 months

Kevin 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

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January 30, 2015 BY Maria Nikolova

Forex fraudster Alex Hope gets 7-year jail term

A 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…

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