Forex Fraud Receiver Blasts BofA, UBS, Others

Law360, New York (April 14, 2011, 4:41 PM EDT) -- Bank of America Corp., JPMorgan Chase Bank NA and UBS AG have all failed to properly answer a receiver’s subpoena seeking information about accounts held by accused Ponzi schemer Jason Bo-Alan Beckman, according to a letter sent Tuesday to a Minnesota federal judge.

R.J. Zayed, the receiver charged with locating and recovering some of the $47 million Beckman allegedly funneled into a massive $194 million currency trading scheme, said the financial institutions have flagrantly ignored orders by the U.S. District Court for the District of Minnesota...
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