October 18, 2017
The U.S. Securities and Exchange Commission asked a Virginia federal judge on Wednesday to grant it a win by default in a case against a fugitive who allegedly fleeced investors out of $1.4 million with his supposedly loss-proof foreign exchange trading software.
February 22, 2017
The U.S. Securities and Exchange Commission has accused a runaway man of defrauding investors out of $1.7 million by promising that his computer program would generate high returns on foreign exchange trades, despite using the investments to make Ponzi-like payments and fund exorbitant shopping sprees, according to a Tuesday statement.