New York court orders 4X Solution to pay more than $10 million penalty for Forex trading ponzi scheme LeapRate

February 08, 2016 BY Mike Fox

New York court orders 4X Solution to pay more than $10 million penalty for Forex trading ponzi scheme

The U.S. Commodity Futures Trading Commission (CFTC) today announced that on January 29, 2016, the Honorable Richard M. Berman, U.S. District Judge for the U.S. District Court for the Southern District of New York, ordered Defendants 4X Solutions, Inc. (4X) and its principal, Whileon Chay, both of New York City, jointly and severally to disgorge…

Follow up: Man allegedly used Forex fund ponzi scheme proceeds to freeze deceased wife

Reuters 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…

Tag: Whileon Chay

New York court orders 4X Solution to pay more than $10 million penalty for Forex trading ponzi scheme

Follow up: Man allegedly used Forex fund ponzi scheme proceeds to freeze deceased wife

ATFX Connect at FMLS 2024: Showcasing Leadership and Innovation in Finance

Wedbush Supports 24-Hour US Equity Trading For Correspondent Clients

HKEX Appoints Chief Sustainability and Group Chief Communications Officer

SEC Chair Gary Gensler to Step Down on 20 January

IC Markets Global and World Table Tennis (WTT) Renew Partnership