Tag Archives: pyramid
Federal Court Orders Charlotte, NC, Couple and Their Companies to Pay $24 Million for Defrauding Customers in Forex Ponzi Scheme
2
2011
Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced it obtained a federal court supplemental consent order requiring defendants Sidney S. Hanson, Charlotte M. Hanson, and their companies, Queen Shoals, LLC, Queen Shoals II, LLC, and Select Fund, LLC, to pay $24 million in restitution and civil monetary penalties for defrauding customers and misappropriating millions of dollars in a foreign currency (forex) Ponzi scheme (see CFTC Press Release 5689-09, August 7, 2009).
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It was one of my first posts here on Forex Magnates almost two years ago! And now this case is close to completion. David Smith from notorious Olint (an alleged forex Ponzi scheme which bilked investors out of hundreds of …
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Willie Lee Cloud and C & R Financial ordered to pay $5.35 million in a forex scheme
30
2011
Cloud pled guilty to Texas criminal felony charge and faces sentencing on April 20. Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that a federal court entered a default judgment order requiring defendants Willie L. Cloud, …
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German Cardona Soler, Associated With Forex Scam Pushed On TalkGold And MoneyMakerGroup, Arrested Over Alleged $300 Million Forex Ponzi
28
2011
It’s about time someone put a stop to this notorious HYIP forex scam called Finanzas Forex, one that was very very popular in South America and other Spanish speaking countries. Spanish National Police have arrested German Cardona Soler in a …
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CFTC Charges Florida Couple and Queen Shoals Consultants with Defrauding Forex Customers of More than $1.44 Million
17
2011
Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that it charged Gary D. Martin and his wife, Brenda K. Martin of St. Augustine, Fla. (collectively, the Martins), and their company, Queen Shoals Consultants, LLC (QSC), of …
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Federal Court Orders Dennis Todd Hagemann and Yellowstone Partners to Pay $1.6 Million for Defrauding Investors in a Forex Ponzi
10
2011
Exactly a year has passed since CFTC lodged the charges and now they were able to receive a court ruling. Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained a federal default judgment order …
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CFTC Charges David Ortiz and his Companies, Goyep International and Royal Returns with a Forex Scam
1
2011
Federal court freezes defendants’ assets and protects books and records. Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that it filed an anti-fraud enforcement action against defendants David L. Ortiz of Vero Beach, Fla., and his …
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CFTC Charges Randall Lynn Stuckey with Soliciting at Least $2.8 Million in Forex Fraud
23
2011
Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that it filed an anti-fraud civil lawsuit charging defendants Randall Lynn Stuckey of St. Peters, Mo., and his Missouri-based business entities, Stuckey Group, L.P., Stuckey Group II, L.P. …
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Federal Court Freezes Assets of Larry Benny Groover, Charged by the CFTC with Operating a Forex Ponzi Scheme
17
2011
Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained a federal court order freezing the assets of defendant Larry Benny Groover of Gunter, Texas, charged with operating a $1.4 million foreign currency (forex) Ponzi …
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CFTC Obtains Asset Freeze against Keith Simmons, Deanna Salazar, Bryan Coats, Jonathan Davey and Their Companies, Charged in $35 Million Forex Ponzi
17
2011
Washington, DC – The Commodity Futures Trading Commission (CFTC) announced that it obtained a federal court order freezing the assets held by defendants Keith F. Simmons of West Jefferson, N.C., Bryan Coats of Clayton, N.C., Jonathan Davey of Newark, Ohio, …
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