Displaying results 61 - 70 of 557
CFTC Wins Forex Fraud Trial on Damages and Obtains Monetary Judgment of More than $22.6 Million
… February 21, 2020 CFTC Wins Forex Fraud Trial on Damages and Obtains Monetary Judgment … in connection with Tayeh’s fraudulent foreign currency (forex) scheme. The court previously found the defendants … soliciting customers to engage in financed retail forex transactions, primarily involving Iraqi Dinar and …
NEW YORK FOREX FIRM CHARGED WITH DEFRAUDING OVER 300 INVESTORS IN $10 MILLION COMMODITY SCAM
… 4852-03 … NEW YORK FOREX FIRM CHARGED WITH DEFRAUDING OVER 300 INVESTORS IN $10 …
Florida-Based Companies and Their Owner Settle Mid-Trial for $1.8 Million for Fraudulent Forex and Digital Asset Scheme
… customers to gain access to a proprietary foreign currency (forex) trading algorithm.   The order requires the … gain access to what they described as Fintech’s proprietary forex algorithmic trading program known as ART. In … represented that “ART’s high success rate at predicting...forex trades, coupled with the high rate of return from …
CFTC Charges 4 Florida Men, 1 New Jersey Man, and Their Companies in $4.75 Million Forex Ponzi Scheme
… a multi-level $4.75 million off-exchange foreign currency (forex) Ponzi scheme. The complaint charges Florida resident … about the use of the funds entrusted to them for forex trading,” said Division of Enforcement Director James … and Highrise traded only a combined amount of $1,656,000 in forex and misappropriated at least $3 million of victims’ …
New York Firm Sanctioned for Defrauding Investors in Excess of $4.4 Million Dollars in a Foreign Currency (Forex) Scam
… in Excess of $4.4 Million Dollars in a Foreign Currency (Forex) Scam U.S. District Court Judge Enters Order Imposing … in the sale and solicitation of illegal foreign currency (forex) futures and for receiving the ill-gotten gains from the sale of these forex contracts (see CFTC Press Release 5166-06, March 15, …
CFTC Sues Futures Commission Merchant Forex Liquidity LLC Alleging Undercapitalization in Excess of $11.6 Million
… December 19, 2007 CFTC Sues Futures Commission Merchant Forex Liquidity LLC Alleging Undercapitalization in Excess … (CFTC) announced today that on December 13, 2007, it sued Forex Liquidity LLC (Forex Liquidity), a registered Futures Commission Merchant …
CFTC Customer Advisory Highlights What Customers Should Know Before Trading Over-the-Counter Forex
… investments in over-the-counter foreign exchange (OTC forex). The new advisory, Eight Things You Should Know Before Trading Forex , provides potential investors with eight cautionary tips about the risks of trading OTC forex. To help protect themselves against fraud, the …
Federal Court Orders Texas Fraudulent Forex Trader and His Company to Pay Over $940,000
… and social media platforms to fraudulently market their forex trading pool as a version of a savings account that … with similarly low or no risk. The defendants called this forex trading pool “The Black Club” and “The Forex Savings Club,” which their website claimed had …
Federal Court Orders California Man and His Company to Pay $9 Million in Restitution and Penalties for Forex Fraud
… solicited pool participants to deposit money to trade forex. To persuade pool participants to send them money, the … month) for themselves and pool participants from trading forex; pool participants would realize profits of 8–25% per … their funds with minimal risk; the defendants would trade forex with the funds the pool participants deposited; and …
Federal Court Orders Unregistered Pool Operator and its President to Pay Over $11 Million for Forex Fraud
… penalty in connection with a fraudulent foreign currency (forex) scheme.   Additionally, the order finds from … the purpose of trading in commodity interests, including forex pairs on a leveraged, margined, or financed basis with … who were not eligible contract participants (retail forex) and forex futures contracts. Instead of trading pool …