Ex-CEO, SEC Settle $25M Forex Ponzi Scheme Suit

By Jessica Dye

Law360, New York (June 22, 2009, 12:00 AM ET) -- James Ossie, the former president and CEO of CRE Capital Corp., has agreed to give back the money he allegedly bilked from investors through a $25 million Ponzi scheme, settling securities fraud accusations leveled against him by the U.S. Securities and Exchange Commission earlier this year.

Ossie and the SEC entered the settlement Friday in the U.S. District Court for the Northern District of Georgia, the terms of which prohibit Ossie from engaging in any future fraudulent activity in connection with the sale or issuance of...
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