Preview Mode
Scam
Chinese State TV Warns about FX Trading, Cites IFX and SFX as Culprits
- In a Chinese CCTV’s "FX speculation black platforms" story, traders who lost their money lamented suspicious brokers’ malfunction. Forex Magnates brings the translated transcript of the news report.
Sunday, 06/07/2014 | 14:34 GMT by
Avi Mizrahi
The FX Corporate Identity Theft Trend Continues, FCA Warns About Another Clone
- Scammers are giving out some of the details of MN Financial Services Ltd., a former Appointed Representative Firm, to trick victims. This is the latest warning about a growing trend of "cloning" FX firms.
Wednesday, 23/04/2014 | 20:33 GMT by
Avi Mizrahi
CFTC Charges Melody Nganthuy Phan with Elaborate Forex Scheme Valued at $3.7 Million
- The CFTC has filed civil enforcement charges, among others, against Melody Nganthuy Phan and her congregation of three companies for a fraudulent foreign exchange scheme valued at over $3.7 million.
Thursday, 27/02/2014 | 23:00 GMT by
Jeff Patterson
Data on 2,000 Customers Stolen From Barclays, Whistleblower Confirms to News
- Forex Magnates investigates reports by the Mail on Sunday, the UK publication of the Daily Mail, that 2,000 customers' account data had been stolen from Barclays, as shown by a whistleblower to the news publication.
Monday, 10/02/2014 | 20:39 GMT by
Steven Hatzakis
Forex Thief Gets 15 Years, Gambled Clients' Funds at Casino, Tried Evading Capture
- The slick forex fraudster wasn't so smooth, after unlawful conduct, including evading feds and obtaining a high quality fake Russian passport, were not enough to keep Aleksander Efrosman from getting a +15 year prison term.
Thursday, 16/01/2014 | 09:58 GMT by
Steven Hatzakis
Chinese Bitcoin Exchange GBL Goes Missing Along With $4.1 Million of Client Funds
- GBL, a Beijing based exchange claiming to be registered in Hong Kong, was suspected to be a fraud since its inception earlier this year, on the 26th of October shut down and 1000 investors lost their money.
Wednesday, 13/11/2013 | 17:39 GMT by
Avi Mizrahi
Fraudster Who Led MMA Forex In Dubai Sentenced To Two Years In Jail
- Malik Noureed Awan has been sentenced to two years in jail following a guilty verdict at a court in Dubai on allegations of fraud. Mr Awan's company, MMA Forex had taken deposits from customers that it could not return.
Thursday, 07/11/2013 | 08:40 GMT by
Andrew Saks McLeod
Indian Godfather of Derivatives Trading Packs Up - Jignesh Shah Resigns
- In a flurry of bad news hitting India's NSEL, spot exchange, the lead architect behind the venture has decided to quit. Jignesh Shah, the founder of Financial Technologies has resigned from the MCX-SX.
Thursday, 10/10/2013 | 07:55 GMT by
Adil Siddiqui
Appeal Denied – One World Capital Fraudsters Receive Full Sentencing
- Ponzi scheme fraudsters, John Walsh and Charles Martin, operators of defunct One World Capital saw their appeals rejected. As a result, the two continue to face long jail sentences and restitution charges in the millions.
Wednesday, 31/07/2013 | 10:23 GMT by
Ron Finberg
Crowd Sourced Ponzi Schemes - Playing Russian Roulette With HYIPs
- There are 'Dumb Ways to Die' and dumb ways to invest. Topping the list are HYIPs which are simply Ponzi schemes waiting to fall apart. Taking their chances are a new breed of investors flocking to social HYIP websites.
Monday, 17/06/2013 | 13:28 GMT by
Ron Finberg
Another FX Ponzi Scheme - CFTC Charges 4X Solutions With Fraud
Tuesday, 09/04/2013 | 08:18 GMT by
Ron Finberg
CFTC Sues Michael Alcocer and His Company, InovaTrade, Inc., for Foreign Currency Fraud and Misappropriation
Thursday, 14/03/2013 | 16:59 GMT by
Ron Finberg
Tradenext Targeted By Hackers, Fake Chinese Language Site Launched
Wednesday, 06/02/2013 | 10:32 GMT by
Ron Finberg
Serious Fraud Office Brings Criminal Charges Against New Zealand Forex Dealer
Tuesday, 29/01/2013 | 08:02 GMT by
Andrew Saks McLeod
FXdirekt Hit With Claims Of Fraud & Boiler Room Activity
Tuesday, 16/10/2012 | 16:24 GMT by
Ron Finberg
Indian forex scammer who siphoned almost $1 million from investors arrested
Wednesday, 22/12/2010 | 09:00 GMT by
Michael Greenberg
Forex scams all over - money spent on luxuries and a submarine...
Thursday, 26/11/2009 | 09:10 GMT by
Michael Greenberg
Forex Ponzi Schemes: How "money managers" steal your money
Monday, 25/05/2009 | 19:26 GMT by
Michael Greenberg
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}