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ponzi
MyCoin Losses Near $20 Million as More Victims Come Forward
Thursday, 12/03/2015 | 13:22 GMT by
Leon Pick
Foreign Exchange Ponzi Scheme Perpetrator Jailed After FCA Charges
- UK court of law sentenced Philip Boakes to ten years in prison after defrauding his victims of £3.5 million through his company, CurrencyTrader Ltd, claiming to be investing their funds in spread betting.
Friday, 06/03/2015 | 18:14 GMT by
Victor Golovtchenko
Claims of Fraud, Ponzi as Hong Kong Exchange MyCoin Disappears Taking With It Millions
Monday, 09/02/2015 | 11:35 GMT by
Leon Pick
Securities Fraud Charges Laid After 72 Bitcoin HYIP Sites Seized and Shut Down
Thursday, 29/01/2015 | 21:49 GMT by
Leon Pick
Allied Markets LLC Charged by CFTC for $1 Million Forex Ponzi Scheme
- A court order has mandated all of the assets of allegedly fraudulent commodity pool operator, Allied Markets LLC, to be frozen and charged the firm and its principals Joshua Gilliland and Chawalit Wongkhiao.
Tuesday, 13/01/2015 | 08:33 GMT by
Victor Golovtchenko
Bitcoin Savings & Trust Founder Fined $40 Million for Running a Ponzi Scheme
Friday, 19/09/2014 | 16:04 GMT by
Victor Golovtchenko
Orchestrator Of New Zealand's Largest Ever Ponzi Scheme Sent To Jail For 10 Years
- David Ross, CEO of Ross Asset Management, has today been sentenced to 10 years and 10 months in jail for orchestrating the largest and highest value Ponzi scheme in the history of New Zealand, with $115 million lost.
Friday, 15/11/2013 | 08:58 GMT by
Andrew Saks McLeod
Californian FX Fraudster Ordered To Pay $17 Million In Penalties, Plus Jail Term
- The US Commodity Futures Trading Commission has today announced that it has obtained a federal court order against FX fraudster Lyndon Parilla, who must pay $17 million, plus sit out a 97 month jail term.
Tuesday, 12/11/2013 | 20:27 GMT by
Andrew Saks McLeod
Ponzi Scheme Eh? Ontario Regulator To Hear FX Fraud Case Tomorrow at 10.00am
- The Ontario Securities Commission is scheduled to hear the case against FX trader Sylvan Blackett, Rezwealth Financial Services and Tiffin Financial in legal proceedings which have been a somewhat long, drawn-out affair.
Monday, 16/09/2013 | 13:06 GMT by
Andrew Saks McLeod
Don't Mess With The U.S. - America Leads The Way in Strict Sentencing For FX Fraudsters
- As worldwide authorities concentrate on firming up the regulatory structure of FX firms, some regimes are stricter than others. The US has demonstrated this by sentencing a Ponzi scheme to 20 years.
Tuesday, 10/09/2013 | 15:26 GMT by
Andrew Saks McLeod
Lid Lifted On OakFX Boiler Room Following FMA Regulatory Warning
- Further to last week's warning issued by the New Zealand FMA urging investors to exercise extreme care when approached by OakFX, the forceful sales tactics and high pressure environment has been revealed.
Sunday, 08/09/2013 | 09:34 GMT by
Andrew Saks McLeod
Largest Ponzi Scheme In New Zealand's History Lands Perpetrator In Jail
- New Zealand fraudster David Ross was sentenced to jail on Thursday last week for orchestrating the largest Ponzi scheme ever to have occurred in New Zealand. The FMA cites a total of $380 million in fraudulent activity.
Monday, 02/09/2013 | 09:31 GMT by
Andrew Saks McLeod
Dubai Based, MMA Forex Owner Detained on Allegations of Fraud
- In a story that began late last year, and escalated six months ago, investors of Dubai based MMA Forex have begun to take matters in their own hands after the broker has refused to pay back deposits.
Monday, 26/08/2013 | 11:11 GMT by
Ron Finberg
SEC lawsuit brought against Bitcoin Ponzi-schemer
Wednesday, 24/07/2013 | 00:00 GMT by
FMAdmin Someone
Complete Developments, Incomplete Integrity. Forex Ponzi Scheme Operators Prosecuted
- Fraudsters Hit with $23 million Civil Restitution Penalty after CFTC uncovers forex Ponzi Scheme, further demonstrating the continued efforts by the US regulatory authorities to root out the bad apples.
Tuesday, 14/05/2013 | 06:40 GMT by
Andrew Saks McLeod
CFTC Successfully Prosecutes PMC Strategy For Forex Ponzi Scheme
Wednesday, 17/04/2013 | 17:42 GMT by
Andrew Saks McLeod
Fund Manager CMA Capital Management to Pay $5.5 Million in Penalties and Restitution Forex Ponzi Scheme
Thursday, 27/09/2012 | 16:44 GMT by
Adil Siddiqui
Federal Court Orders Charlotte, NC, Couple and Their Companies to Pay $24 Million for Defrauding Customers in Forex Ponzi Scheme
- Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced it obtained a federal court supplemental consent order requiring defendants Sidney S. Hanson, Charlotte M. Hanson, and their companies, Queen Shoals, LLC, Queen Shoals II, LLC, and Select Fund, LLC, to pay $24 million in restitution and civil monetary penalties for defrauding customers and misappropriating millions of dollars in a foreign currency (forex) Ponzi scheme (see CFTC Press Release 5689-09, August 7, 2009).
Wednesday, 02/11/2011 | 12:34 GMT by
Michael Greenberg
$30 Million Forex Ponzi Scheme unveiled
- Another one gets caught. The rise in Forex Ponzi schemes has been remarkable over the last two years. Culprits are misuing FX trading as a front, promising returns of over 10%. David R. Lewalski, formerly of Gainesville, Fla., pleaded guilty today to mail fraud in connection with his operation of a $30 million investment fraud scheme,
Tuesday, 02/08/2011 | 14:37 GMT by
Adil Siddiqui
CFTC Charges Lyndon Lydell Parrilla and Green Tree Capital, with Fraud in Multi-Million Dollar Forex Scheme
Friday, 15/04/2011 | 06:13 GMT by
Michael Greenberg
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