Investment Co. Hit With Injunctions Over $53M Forex Fraud

Law360, Houston (November 15, 2012, 8:04 PM EST) -- Federal regulators on Thursday won preliminary injunctions in parallel suits against an Australian investment firm and its principal executive, who allegedly lied about the risk of his investment strategy costing clients $53 million through an elaborate foreign investment scam.

In two separate orders, U.S. District Judge Lee Yeakel, granted requests by the U.S. Commodity Futures Trading Commission and the U.S. Securities and Exchange Commission to prohibit Senen Pousa and his company Investment Intelligence Corp. from engaging in deceptive investment practices in violation of federal law....
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Case Information

Case Title

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

Case Number



Texas Western

Nature of Suit



Lee Yeakel

Date Filed

September 18, 2012

Government Agencies

UK Financial Services

UK Financial Services

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