Without any license, defendants fraudulently solicited over $1 million from the public to trade commodity futures in a pool, and misappropriated more than $800,000 of pool participants’ funds for their personal use, while misrepresenting the profitability of their trading.
Read moreWhile the court has to decide whether the investment company should be liquidated or not, it has appointed provisional administrators to take control of its affairs and assets.
Read moreFINRA's Investor Education Foundation's new video game "Con 'Em If You Can" is available for play on desktop or by downloading the phone or tablet mobile application, is designed to help investors outsmart investment fraud criminals
Read moreA 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…
Read moreThe Wolf of Wall Street's poor relation? British fraudster Daniel Burgoyne solicited clients for investments in alternative commodities but blew £56,000 of client funds on nouveau-riche lifestyle trappings including champagne, Swiss watches, cigars and a convertible performance car. He was caught after showing off his sudden wealth via social media sites
Read moreFailure to provide monthly statements, misappropriating funds and failing to return funds to pool participants who sought to withdraw lands New Jersey based investment pool operator in hot water
Read morePresented as a “no risk” investment...facts of the case found that of the $583,491 solicited and accepted from pool participants, the defendants lost $65,374 trading commodity futures while giving out false statements and blew through another $300k
Read moreBelgium'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 moreDefendants allegedly misappropriated more than $1 million of customer funds
Read moreClaiming that he was just offering advice on how to trade currencies, man solicited shares in his fraudulent investment pool on Craigslist.
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