August 09, 2024
A purported foreign exchange trader has been hit with a 24-year prison sentence and a $57 million forfeiture order after pleading guilty to wire fraud and money laundering charges in connection with a Ponzi scheme that took in over 1,100 would-be investors.
July 06, 2023
A Florida federal judge has approved consent orders from the U.S. Commodity Futures Trading Commission ordering four companies and their owners to pay more than $10 million in restitution and penalties for allegedly participating in a foreign currency fraud scheme.