Tag Archives: forex scam
If there is a way to cheat clients, they’ll figure it out in the forex industry! The CFTC announced yesterday that the Federal Court of Massachusetts imposed a $600,000 on Jeffrey Liskov and his company EagleEye Asset Management for committing …
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The Philippines Securities and Exchange Commission (SEC) has posted on its website a fraud alert for Professional Forex Union Limited (Pro Forex) for posting falsified certificates on its website. In its certificates section, Pro Forex displays a “Certificate of Incorporation” …
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Since becoming independent in 1957, Malaysia’s economic growth has been one of the best in Asia. From 1957 to 2005, real GDP grew annually by 6.5%. Since then, the country has continued to see impressive growth rates between 5-7%. The …
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In what seems like a first, popular trading site myfxbook has cancelled its monthly Demo Trading contest due to concerns about the contest’s sponsor. The monthly trading contest is based on having a revolving broker sponsor. Traders open demo accounts …
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CFTC Obtains Default Judgment against Juvenal Machado and Invers Forex For Forex Scam
8
2012
Court orders defendants to pay more than $4 million in customer restitution and penalty and permanently bars them from the commodities industry Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Marcia G. Cook, of …
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CFTC settles $85 million forex fraud against Peter Son and orders PassThrough Investments, Stephen Brantley and Dwayne Bryant Dawson to pay over $1.1 Million in Sanctions
26
2012
Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) obtained a federal court supplemental consent order requiring defendants Peter Son (Son) of Danville, Calif., and his companies, SNC Asset Management, Inc., and SNC Investments, Inc., to pay a $5 …
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Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that on April 19, 2012, Judge Richard W. Story of the U.S. District Court for the Northern District of Georgia, entered an emergency order freezing the assets of …
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Court orders Shawon McClung to pay over $6 million for running a forex ponzi scheme
19
2012
Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that the U.S. District Court for the District of Colorado entered an order against defendants Flint-McClung Capital LLC (FMC), of Englewood, Colo., and Shawon McClung, formerly of Denver, …
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This case just gets more and more complicated. Crown Forex is an extremely complicated case of a Forex brokerage that turned out to be a ponzi scam. We’ve already reported today about another uncovered forex ponzi brokerage (One World Capital) …
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One World Capital was apparently a forex ponzi – owners John Walsh and Charles Martin get 12-17 years in prison
3
2012
This one was pretty much below the radar although One World Capital was probably the biggest US forex brokerage that turned out to be a scam. NFA’s capital requirements which gradually rose from almost nothing to $20+ million since 2008 …
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