Tag: ponzi

June 18, 2013 BY Gerald Segal

LeapRate Forex Fraud Watch – $1.5M fine for Angel F. Collazo, ACJ Capital, and Solid View Capital

Collazo and his companies concealed trading losses, and misappropriated client funds for personal uses. The CFTC has obtained a federal court order requiring defendants Angel F. Collazo (formerly of Puerto Rico) and his companies, ACJ Capital (ACJ) and Solid View Capital LLC to pay $843,444 in restitution plus a $750,000 civil monetary penalty for fraudulently…

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