Belgium's Financial Services and Markets Authority has issued a collective warning regarding eight unlicensed entities which are using forceful sales tactics to dupe clients out of their investments
Read moreNorth American commodity pool operator Paul Greenwood's fraudulent scheme had such high value that the receiver’s efforts to marshal assets to date have resulted in the recovery of over $900 million dollars, with the perpetrator facing 10 years in jail
Read moreChristopher Engel, along with his company Pinnacle Forex Group LLC collected client funds for purchasing FX contracts, but withdrew and misappropriated them. Despite never having been registered with the CFTC, an offense in the US, the authority has successfully issued an $819,000 fine
Read moreAs the number of companies present on CRFIN's blacklist increases, the Russian self regulatory organization adds a potential pyramid scheme to its list
Read moreAccording to CRFIN, potential investors should exercise caution when dealing with FxPresent, as it shows signs of being a HYIP by promising what the self-regulatory organization considers to be unrealistically high returns and guaranteed bonuses
Read moreAfter several painful months during which FOREX MMCIS attempted to resolve its financial difficulties, the firm has finally closed its doors, leaving behind a potential loss to several thousand clients
Read moreThe dubious practice of cloning the website and corporate identity of British firms continues, this time with FXCFSE attempting to dupe clients in the Asia Pacific region into investing by emulating genuine firm Cargill Financial Services Europe Ltd
Read moreWill the FX manipulation scandal result in serious jail time for some of the worst culprits?
Read moreSecure Investment used a convincing video and series of actors posing as satisfied investors to bilk what could amount to up to $1 billion from global investors, with the site having disappeared along with the money
Read moreTwo Indian FX high yield investment plan (HYIP) operators have become the subject of charges by the Securities and Investments Commission in the United States for promoting an illegal scheme via popular social media sites
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