File ID: CFTC-PR-8930-24 Date: July 2, 2024 Accessed: July 8, 2024 Headline: Federal Court Orders Unregistered Michigan Pool Operator and its President to Pay Over $13 Million for Forex Fraud Source: https://www.cftc.gov/PressRoom/PressReleases/8930-24 Categories: COMMODITY POOL OPERATORS (CPO) REGISTRATION FAILURES FOREX FRAUD CFTC-PR-8930-24 – Viewer: ▼▼▼ (Download PDF File ⊗)
Category: Forex Investment Fraud
Forex Investment Fraud involves deceptive practices where individuals or entities lure investors into schemes promising high returns through trading in the foreign exchange (forex) market. These scams often promise quick and guaranteed profits with minimal risk, exploiting the complexity and volatility of forex trading. Common tactics include fake forex trading platforms that manipulate prices or refuse withdrawal requests, Ponzi schemes where early investors are paid returns using funds from new investors rather than profits from trading, and fraudulent forex trading signals or advisory services that provide false information to mislead investors. Forex investment fraud takes advantage of the global and decentralized nature of the forex market, making it challenging for investors to verify the legitimacy of offers and recover funds once defrauded. Regulatory bodies like the CFTC (Commodity Futures Trading Commission) and SEC (Securities and Exchange Commission) work to identify and prosecute perpetrators of forex investment fraud to protect investors and maintain market integrity.
File ID: CFTC-PR-8910-24 Date: May 14, 2024 Accessed: June 20, 2024 Headline: Miami Federal Court Orders Multiple Individuals and Entities to Pay Over $225 Million for Foreign Currency Fraud and Misappropriation Scheme. Federal Court Also Orders Georgia-based Certified Public Accountant to Pay $467,000 in Monetary Sanctions to Settle Charges for His Involvement in the Fraud. Source: https://www.cftc.gov/PressRoom/PressReleases/8910-24 […]
CFTC-PR-8899-24 (APR. 26, 2024) Source: https://www.cftc.gov/PressRoom/PressReleases/8899-24 Download: CFTC-PR-8899-24 ⊗ (PDF) PRESS RELEASE | CFTC-PR-8899-24 Federal Court Orders Unregistered Pool Operator and its President to Pay Over $11 Million for Forex Fraud Washington, D.C. — The Commodity Futures Trading Commission today announced Judge Linda V. Parker of the U.S. District Court for the Eastern District of Michigan […]
CFTC-PR-8892-24 Federal Court Orders California Man and His Company to Pay $9 Million in Restitution and Penalties for Forex Fraud Date: Apr. 15, 2024 Date Accessed: Aug. 1, 2024 Source URL: https://www.cftc.gov/PressRoom/PressReleases/8892-24 Categories: CFTC-2404 FOREX INVESTMENT FRAUD NAWABI ENTERPRISE HYPERION CONSULTING INC. PDF Notes: The PDF viewer below disables the links inside the PDF file. The PDF […]
CFTC-PR-8882-24 Federal Court Orders Florida Forex Trader to Pay $3.4 Million for Futures, Forex, Options Scheme Date: Mar. 21, 2014 Date Accessed: Aug. 1, 2024 Source URL: https://www.cftc.gov/PressRoom/PressReleases/8882-24 Categories: CFTC-2403 Commodity Fraud Forex Investment Fraud Making False Statements Misleading Investors W TRADE GROUP LLC PDF Notes: The PDF viewer below disables the links inside the PDF file. […]
SEC-PR-2024-35 (MAR. 14, 2024) Source: https://www.sec.gov/newsroom/press-releases/2024-35 Download: SEC-PR-2024-35 (PDF) PRESS RELEASE | 2024-35 SEC Charges 17 Individuals in $300 Million Crypto Asset Ponzi Scheme Targeting the Latino Community. Washington D.C., March 14, 2024 — The Securities and Exchange Commission today charged 17 individuals for their roles in a $300 million Ponzi scheme that involved Houston, […]
CFTC-PR-8864-24 Federal Court Orders Oregon Resident and His Forex Trading Firm to Pay $830,000 in Civil Penalties for Commodity Fraud and Registration Violations Date: Feb. 15, 2024 Date Accessed: Aug. 1, 2024 Source URL: https://www.cftc.gov/PressRoom/PressReleases/8864-24 Categories: CFTC-2402 Commodity Fraud Forex Investment Fraud Registration Failures SIMPLY GAINS INC. PDF Notes: The PDF viewer below disables the links inside […]