Phillip Boakes, who defrauded investors of more than £3.5 million, was today sentenced at Southwark Crown Court to 10 years in jail. Boakes, who ran CurrencyTrader Ltd, a company engaged in Forex spread betting, lured investments using false instruments and taking deposits without having the proper authorization. In running a typical Ponzi scheme, Boakes funded…
Read moreCFTC charges Jacksonville, Florida fraudsters with operating a fabricated forex pool and misappropriating customer funds to pay personal expenses
Read moreReuters is reporting that a man U.S. prosecutors say bilked investors out of nearly $5 million by telling them he would invest it in commodities and the currency market allegedly used some of the money to have his wife cryogenically frozen after she died, according to a court filing on Friday. A federal grand jury in…
Read moreAccording to CRFIN, potential investors should exercise caution when dealing with FxPresent, as it shows signs of being a HYIP by promising what the self-regulatory organization considers to be unrealistically high returns and guaranteed bonuses
Read moreSecure Investment used a convincing video and series of actors posing as satisfied investors to bilk what could amount to up to $1 billion from global investors, with the site having disappeared along with the money
Read moreResearch by LeapRate has unearthed a bogus website which illegally uses FXCM's name in order to boast unrealistically high returns.
Read moreIt's the end of the road for Russia's notorious Ponzi scheme operator Alexey Kalinichenko as Interpol's discovery lands him back in Russia, and firmly behind bars
Read moreUSA regulators have made sure that Utah resident Mr. Beatty and his fraudulent firm Peak Capital are permanently barred from the commodities industry...
Read morePromising a return on investment of between 3% and 12% within four days of investment, Alfareserve's scheme has attracted the attention of Russia's CFRFIN which warns investors against investing in the project.
Read moreAfter a year of legal proceedings, the OS has taken action against Canadian Ponzi scheme operators which bilked customers out of funds, promised unrealistically high returns, with most of the funds having been misappropriated.
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