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.

CFTC-PR-8930-24

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 )

CFTC-PR-8910-24

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

File ID:  CFTC-PR-8899-24 Date:  April 26, 2024 Accessed:  June 19, 2024 Headline:  Federal Court Orders Unregistered Pool Operator and its President to Pay Over $11 Million for Forex Fraud. Source:  https://www.cftc.gov/PressRoom/PressReleases/8899-24 Categories: FOREX INVESTMENT FRAUD COMMODITY POOL OPERATORS (CPO) CFTC-PR-8899-24 – Viewer: ▼▼▼ (Download PDF File )

CFTC-PR-8882-24

File ID: CFTC-PR-8882-24 Date: March 21, 2024 Accessed: June 16, 2024 Headline:  Federal Court Orders Florida Forex Trader to Pay $3.4 Million for Futures, Forex, Options Scheme. Source:  https://www.cftc.gov/PressRoom/PressReleases/8882-24 Categories: COMMODITY FRAUD MISLEADING INVESTORS FOREX INVESTMENT FRAUD CFTC-PR-8882-24 – Viewer: ▼▼▼ (Download PDF File )

SEC-PR-2024-35

File ID: SEC-PR-2024-35 Date: March 12, 2024 Accessed: July 3, 2024 Headline:  SEC Charges 17 Individuals in $300 Million Crypto Asset Ponzi Scheme Targeting the Latino Community Source: https://www.sec.gov/newsroom/press-releases/2024-35 Categories: AFFINITY FRAUD FRAUDS TARGETING LATINO AMERICANS CRYPTO INVESTMENT FRAUD FOREX INVESTMENT FRAUD PONZI SCHEMES SEC-PR-2024-35 – Viewer: ▼▼▼ (Download PDF File )

CFTC-PR-8864-24

File ID: CFTC-PR-8864-24 Date: February 15, 2024 Accessed: June 15, 2024 Headline:  Federal Court Orders Oregon Resident and His Forex Trading Firm to Pay $830,000 in Civil Penalties for Commodity Fraud and Registration Violations. Source:  https://www.cftc.gov/PressRoom/PressReleases/8864-24 Categories: COMMODITY FRAUD FOREX INVESTMENT FRAUD REGISTRATION FAILURES CFTC-PR-8864-24 – Viewer: ▼▼▼ (Download PDF File )