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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Court hears Crown Currency bosses fled to France with gold bars prior to £20 million firm failure

After 5 years of legal wrangling, former owners of collapsed FX firm Crown Currency attended Southwark Crown Court yesterday. The prosecution has added theft of gold bars to the initial charges of fraud, as the company continued to accept deposits of £2 million in the advent of its demise, whilst co-owner Peter Benstead left for France with 11 KG of gold

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Forex fraud lands Singapore CFO 39 month jail term

Seven years after Singaporean marine engineering giant Sembcorp’s long-standing CFO brought the company to near bankruptcy, he is committed to jail. LeapRate explains the full circumstances surrounding the effect caused by Wee Sing Guan’s actions

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