Tag: leaprate forex fraud watch

March 20, 2014 BY Andrew Saks-McLeod

LeapRate Forex Fraud Watch - Steven Lyn Scott charged by CFTC

Texan Steven Lyn Scott charged with solicitation, fraud, misappropriation of client funds and registration violations The U.S. Commodity Futures Trading Commission (CFTC) has today reported that it filed an enforcement action March 19, 2014 against Defendant Steven Lyn Scott, who is also known as Stevon Lyn Scott, of Dallas, Texas, charging him with solicitation fraud,…

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February 20, 2014 BY Gerald Segal

LeapRate Forex Fraud Watch – Ron McCullough and David Mayhew charged for misappropriating $1.6 million

Fraudsters solicited $2.3 million for forex trading from 11 individuals The CFTC has issued a press release detailing their latest enforcement action against Ron Earl McCullough and David Christopher Mayhew. The complaint filed by the regulator alleges that both have fraudulently solicited about $2.3 million from 11 investors and have subsequently misappropriated $1.6 million of…

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January 30, 2014 BY Gerald Segal

LeapRate Forex Fraud Watch - Trader jailed four years for running a $1.5 million Ponzi scheme in New Zealand

Rene Alan Chalmers will spend 51 months in prison for funds misappropriation and misrepresentation of returns The New Zealand Herald is reporting on a substantial forex Ponzi scheme that was uncovered by the local Serious Fraud Office following complaints from investors with a self-made forex trader. Rene Alan Chalmers has defrauded his investors including family…

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December 09, 2013 BY Gerald Segal

LeapRate Forex Fraud Watch – Australian Conspirators fined $192 million

Senen Pousa and Investment Intelligence Corporation defrauded over 960 clients worldwide The US Commodity Futures trading Coomision has obtained a court order against defendants Senen Pousa and Investment Intelligence Corporation (IIC) for the payment of $192 million in relation to their forex fraud scheme that caused over 960 of their customers worldwide to lose their…

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