August 27, 2013 BY Gerald Segal

LeapRate Forex Fraud Watch – $600K fine to Sidney J. Charles, Jr. and The Borrowing Station for Forex ponzi scheme

Same old story, client funds used to repay old investors and to pay personal expenses. The CFTC has obtained a federal court order against Sidney J. Charles, Jr. and his Company, The Borrowing Station, requiring both to pay more than $600,000 following the discovery of a forex ponzi scheme run by Charles -- $254,000 to…

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