Tag Archives: charged
Back in 2009 the California attorney general’s office has charged the State Street Corporation (company that owns Currenex) with fraud, accusing the company of cheating the state’s two largest pension funds of at least $56.6 million by overcharging them for …
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Utah Resident Darren L. Shanks and His Firm, Forex Auto Profits, LLC, Ordered to Pay More than $2.9 Million in Fines and Restitution for Fraud and Misappropriation in Foreign Currency Scheme Washington, DC – The U.S. Commodity Futures Trading Commission …
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Oklahoma Court Orders $26 Million in Penalties Against Prestige Ventures Corporation, Federated Management Group, Inc., Kenneth W. Lee and Simon Yangin in forex Ponzi Scheme
10
2010
Washington, DC –The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained more than $26 million in restitution and civil monetary penalties against defendants Kenneth W. Lee of Mt. Pleasant, S.C., Simon Yang of Edmond, Okla., Prestige Ventures Corp. …
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Georgia Court Orders CRE Capital Corp. and its Owner James G. Ossie to Pay $25.7 Million in Forex Ponzi Scheme
10
2010
Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) announced that it obtained $25.7 million in civil monetary penalties and restitution in a federal court consent order against CRE Capital Corporation (CRE) and its president and owner, James G. Ossie …
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NFA takes emergency enforcement action against Dallas firm, Profitstars Intl and its principal Ulysis Starling
9
2010
National Futures Association (NFA) announced that it has taken an emergency enforcement action against Profitstars Intl Corp. (PSI) and its associated person and listed principal, Ulysis Starling. PSI is a Commodity Trading Advisor and Commodity Pool Operator located in Dallas, …
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This story dates back to 2008 if not earlier and I happen to be a bit familiar with this case. This also relates to the dispute between MBFX, mentioned below, and ACM the Swiss broker which was recently denied a …
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I advise everyone to spend 5 minutes reading the short document embedded below – it’s a prime example of what kind of people we sometime have to deal with in this market. December 6, Chicago – National Futures Association (NFA) …
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Reading material for the weekend: CFTC, Integral, CMC, FxPro, Alpari, Traiana, CLS, IBFX, NFA
3
2010
Reuters – CFTC to Unveil Position Limit Plan Dec 16. The U.S. futures regulator intends to unveil on December 16 its long-awaited revised plan to limit speculative positions held by commodity traders, a source with direct knowledge of the matter …
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Remember the Saxo lawsuit case that made headlines some six months ago where the bank was blamed for prices manipulation? Well it’s off now. Portuguese investment house Fortune claimed that Saxo Bank has cheated, because there has been compliance with the exchange …
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Federal prosecutors are seeking a sentence of nearly 22 years for convicted Ponzi schemer Beau Diamond. Justifying the stiff proposed sentence, prosecutors Tuesday cited the $37 million that Diamond stole, the fact that Diamond used a “sophisticated means” to bilk …
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