The CFTC has issued a complaint alleging that Florida resident Dorian Garcia returned nearly $2.1 million to investors in a manner akin to a Ponzi scheme and misappropriated approximately $2.5 million of investor funds
Read moreU.S. Bank NA was used as a depository for the funds of clients who had trading accounts with Peregrine Financial Group before its demise in 2012. In Summer 2013, the CFTC filed a complaint against the bank, charging it with improperly holding and using segregated funds of PFG customers by allowing PFG CEO Russell Wasendorf Sr to withdraw funds at will
Read moreThe Wolf of Wall Street's poor relation? British fraudster Daniel Burgoyne solicited clients for investments in alternative commodities but blew £56,000 of client funds on nouveau-riche lifestyle trappings including champagne, Swiss watches, cigars and a convertible performance car. He was caught after showing off his sudden wealth via social media sites
Read moreWhilst regulatory authorities around the globe tighten their rulings with regard to capital adequacy and the consequences of firm failure, the Maltese Financial Services Authority holds PwC responsible for Maltese Cross demise
Read moreCFTC Charges Illinois Resident Gerald J. Considine and His Companies, Novo Trading and Considine Trading, with Fraudulent Solicitation and Misappropriating More than $1.65 Million of Customer Funds
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