We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Execs Of Ex-Forex Dealer Accused Of $15M Fraud

Law360 (January 8, 2009, 12:00 AM EST) -- Two principals of a defunct Illinois futures dealer are facing criminal charges they used $15 million in customer funds earmarked for over-the-counter foreign currency trades to fund their own lavish lifestyles.

Charles G. Martin, 43, and John E. Walsh, 60, were charged in a criminal complaint unsealed Wednesday with wire fraud for allegedly misappropriating funds from One World Capital Group LLC, which has been closed since federal regulators obtained a court order in December 2007 freezing the firm's assets.

The U.S. Commodity Futures Trading Commission obtained...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.