UK Payments Co. Escapes Claims It Aided $75M Forex Fraud

By Elise Hansen (May 27, 2022, 5:36 PM EDT) -- Investors who say they were defrauded in a foreign-exchange trading scheme didn't adequately allege that U.K. digital payment company ePayments knowingly took part in the fraud, a Florida federal judge found in dismissing the claims against the company.

ePayments Systems Ltd. had faced a proposed class action brought by hundreds of investors in foreign exchange platform RoFx, who said that ePayments was implicated in RoFx.net's "sham" foreign exchange scheme. But they didn't adequately connect ePayments to the alleged conspiracy, so Florida courts can't hear the case, U.S. District Judge Robert N. Scola Jr. said Thursday.

"For the court to assert personal...

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