Forex Firm Principal Gets 17 Years For $17M Fraud

Law360, Chicago (February 2, 2012, 9:07 PM EST) -- An ex-principal for a defunct foreign currency trading firm received a 17-year prison sentence Thursday in Illinois for operating a $17 million fraud scheme, learning of his punishment the day after his co-defendant was sentenced to 12 1/2 years for his role in the plot.

U.S. District Judge Virginia Kendall sentenced former One World Capital Group LLC principals Charles Martin, 46, on Thursday and John Walsh, 63, on Wednesday, after both men copped to wire and commodities fraud and tax evasion charges in May under plea...
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