August 08, 2014 BY Mike Fox
USA Forex Fraud Watch: Indiana man settles SEC FX trading fraud charges
The Securities and Exchange Commission issued the following litigation release...
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February 17, 2014 BY Gerald Segal
UK Fraudster Benjamin Wilson sentenced to seven years in prison - a massive Ponzi scheme
His company SureInvestment stripped over 300 clients of more than £21 million The FCA has reported that it successfully concluded the prosecution of Benjamin Wilson – a fraudster that has managed to deceive more than 300 investors into entrusting his company SureInvestment £21.8 million. Justice is heavy – the scammer will serve seven years in…
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January 26, 2014 BY Gerald Segal
CFTC fines CTI Group and Cooper Trading $29 million for fraudulent sale of Automated Trading Systems
Stephen Craig Symons and James David Kline personally liable for almost $8 million Californian fraudsters which engaged in a massive fraud scheme have been brought to justice after more than a year and a half of legal battles. The US Commodity Futures Trading Commission has filed its complaint against CTI Group, Cooper Trading, Stephen Craig…
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January 24, 2014 BY Gerald Segal
Former Oppenheimer Fund Manager settles with SEC for $100,000
Brian Williamson has misrepresented a fund’s internal rate of return 10 times from 3.8 to 38.3% US Securities and Exchange Commission has issued a statement detailing its settlement with formar portfolio manager from Oppenheimer & Co. Brian Williamson. The regulator has imposed a permanent ban from the securities industry and the defendant will pay $100,000…
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January 16, 2014 BY Gerald Segal
LeapRate Forex Fraud Watch – almost 16 years jail time for forex fraud!
Alexander Efrosman fled the US with a fake Russian passport in 2005, extradited from Poland 7 years later A stunning Reuters report uncovers the massive scale of a forex fraud scheme that includes several years of international chasing and ends with a prison sentence lasting 188 months (15 years and 8 months) and an obligation…
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January 15, 2014 BY Gerald Segal
LeapRate Forex Fraud Watch – Texan scammer Mark E. Rice fined $1.5 million
The fraudster is found guilty of misappropriation, case against his company Financial Robotics continues It is a frequent occurrence in our LeapRate Forex Fraud Watch series to cover hefty misappropriations, but it’s a rarity to see a single investor entrust a rather big chunk of money to a fraudulent solicitor. That’s precisely what happened in…
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January 03, 2014 BY Gerald Segal
Police catch $21 million fraudster who had faked his own suicide
Aubrey Lee Price lost millions of his investors’ money, then left a suicide note and disappeared in 2012 A New Year’s Eve celebration in jail – that’s how ex-banker and present fraudster Aubrey Lee Price has ended 2013 after conceding from authorities for more than a year. He went missing back in June 2012 after…
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