Tag Archives: ponzi
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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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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CFTC Charges Ronald Satterfield, His Two Companies and Nicholas Bos with Operating a Multi-Million Dollar Forex Ponzi Scheme in Four States
15
2010
Federal court freezes defendants’ assets and prohibits destruction of books and records. Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that it charged Ronald E. Satterfield of Charleston, S.C., his South Carolina-based companies, Graham Street Forex …
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I’ve asked for Craig Karlis’s reply to that, hoping he’ll respond soon. Washington, D.C., Oct. 28, 2010 — The Securities and Exchange Commission today charged two foreign currency traders and their Boston-based company with operating a fraudulent scheme in which …
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Just days after announcing that forex scams were no less than 25% of all its cases CFTC announces that it halted another Forex ponzi scheme: CFTC Charges Ohioans Kevin and Keelan Harris, Complete Developments LLC, Investment International Inc. and Three …
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Looks like the huge warchest which the US Senate has granted CFTC a year ago has paid off – CFTC has significantly increased its enforcement capabilities and during this fiscal year filed 57 enforcement actions – 14% more than in …
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CFTC charges Total Call Group, Thomas Thurmond and Craig Poe with issuing false account statements
1
2010
Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) charged Total Call Group, Inc. (aka TPFX, Inc. a/k/a Power Play FX) of Frisco, Texas, and its principals, Craig B. Poe, also of Frisco, and Thomas Patrick Thurmond (aka Patrick Thurmond) …
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federal grand jury has indicted a Peachtree City businessman on charges that he bilked elderly investors out of $15.8 million. This story was published here more than a year ago, click here for more details. U.S. Attorney James T. Jacks …
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The Ontario Securities Commission has fined two individuals $250,000 each, for operating an investment program through which they illegally distributed securities. On Monday, the OSC announced that it has approved a settlement agreement involving Ontario residents Albert James and Ezra …
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Another forex scammer to pay the price – David Smith faces extradition to the US
6
2010
It was one of my first stories on Forex Magnates, I indicated that David Smith from notorious Olint (an alleged forex Ponzi scheme which bilked investors out of almost $1 billion) was linked to I Trade, a former US forex …
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