Australian Exec Accused Of Running $53M Forex Fraud

Law360, Houston (September 18, 2012, 11:13 PM EDT) -- U.S. regulators hit an Australian investment firm and its principal executive with parallel suits Tuesday in Texas federal court, alleging the exec lied about the risk of his investment strategy, costing clients $53 million through an elaborate foreign investment scam.

The U.S. Commodity Futures Trading Commission and the U.S. Securities and Exchange Commission allege Senen Pousa, through his company Investment Intelligence Corp., lied to some 960 foreign exchange investors, promising a monthly return of 9 percent and that less than 3 percent of their capital was...
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Case Information

Case Title

United States Commodity Futures Trading Commission v. Pousa et al


Case Number

1:12-cv-00862

Court

Texas Western

Nature of Suit

Securities/Commodities

Judge

Lee Yeakel

Date Filed

September 18, 2012


Case Title

Securities and Exchange Commission v. Investment Intelligence Corporation PTY LLC et al


Case Number

1:12-cv-00863

Court

Texas Western

Nature of Suit

Securities/Commodities

Judge

Lee Yeakel

Date Filed

September 18, 2012

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