LeapRate

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…

April 09, 2013 BY Gerald Segal

LeapRate FX Fraud Watch – Whileon Chay and 4X Solutions charged with $4.8M Ponzi Scheme

CFTC charges Whileon Shay and 4X Solutions with using client funds to pay personal expenses, luxury resorts, expensive restaurants, exotic car rentals... The CFTC has charged New York based 4X Solutions, Inc. and its principal Whileon Chay with fraud claiming they were running a $4.8 million FX trading Ponzi scheme. The CFTC complaint alleges that Chay and…

July 11, 2012 BY Gerald Segal

Tag: ponzi scheme

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

LeapRate FX Fraud Watch – Whileon Chay and 4X Solutions charged with $4.8M Ponzi Scheme

PFGBest shut down by regulators

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PFGBest client money likely gone, but where?

PFGBest fallout – CFTC emergency meeting; auditor questions...

PFGBest shut down by regulators

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