SEC Demands Docs In Alleged $139M Crown Forex Fraud

Law360, New York (May 3, 2011, 4:19 PM EDT) -- The U.S. Securities and Exchange Commission asked a Minnesota court Monday to force a former Crown Forex SA principal to provide documents and answer questions regarding an alleged Ponzi scheme that cost investors $139 million.

The SEC alleges that Patrick Kiley has refused to cooperate in the suit accusing him and fellow Crown Forex principal Trevor Cook of running an alleged foreign currency contracts investment scam that has already landed Cook a prison sentence and sparked related civil suits from the SEC and the U.S. Commodity...
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