Tag: Investment Fraud

June 25, 2018 BY LeapRate Staff

Jody Dupont and Open Range Trading charged with defrauding traders

The U.S. Commodity Futures Trading Commission (CFTC) has announced that Judge Timothy M. Cain of the U.S. District Court for the District of South Carolina entered a Consent Order against Defendant Jody Dupont of Anderson, South Carolina, and an Order of Default Judgment against his company, Open Range Trading LLC, also of Anderson. Neither DuPont nor Open Range…

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binary options fraud
July 10, 2017 BY LeapRate Staff

CFTC video series on investment fraud to feature Binary Options scams

The U.S. Commodity Futures Trading Commission (CFTC) has launched True Fraud Stories, a video series about how cunning fraudsters have lured smart investors into fraudulent investment schemes that resulted in the loss of thousands of dollars of their savings. These real-life victims tell their stories hoping others will become educated about financial fraud and avoid…

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cftc penalty
January 09, 2017 BY admin

New York FX investment fraudsters ordered to pay $11.6M in sanctions

The U.S. Commodity Futures Trading Commission (CFTC) obtained judgments against each of the Defendants and Relief Defendants in a fraudulent, Forex scheme involving misappropriation of customer funds and false statements to customers to conceal the fraud. The Orders impose permanent registration and trading bans against the Defendants and order the Defendants to pay over $11.6…

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May 04, 2016 BY Maria Nikolova

Belgium's FSMA adds more boiler rooms, recovery rooms to Warning List

Belgium's Financial Services and Markets Authority (FSMA) today warned the public against the activities of various "boiler rooms" and “recovery rooms” that are contacting Belgian consumers. The number of new additions to the Warning List exceeds a dozen, with the list including companies that exert pressure on customers to buy little-known shares or exotic financial…

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January 27, 2016 BY Maria Nikolova

Survey: 5% of France's residents are investment fraud victims

France's financial markets regulator AMF has just published the results of a survey conducted by the CSA institute, with the findings showing increased interest into Forex and binary options, as well as a decent percentage of investors becoming targets and victims of fraudulent investment schemes. The pool of respondents includes 1,003 French residents, of at…

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