Forex scams all over – money spent on luxuries and a submarine…
Federal Court Freezes Assets of Minnesota Residents Trevor Cook and Patrick Kiley and their Oxford and Universal Companies, Charged by the CFTC with Defrauding Investors of Tens of Millions of Dollars in Foreign Currency Scheme
Customer funds misappropriated to develop a hotel and casino in Panama and purchase seven luxury cars.
Washington, DC – The U.S. Commodity [...]
Another Forex scammer pays the price!
If you noticed, I’m monitoring here all the Forex ponzi and fraud scams that I know of in order to warn potential naive investors from investment that sound too good to be truth.
Every once in a while these scammers are caught and convicted and are sent to serve long terms in prisons, although the unfortunate [...]
Forex Ponzi Schemes: How “money managers” steal your money
Michael Riola was charged with five accounts of fraud for stealing investors’ money in a Florida Ponzi scheme. Just like the infamous Bernard Madoff.
These “money managers” promise you tens of percents of returns a month, blatantly lieing and covering their previous losses. The more they lost the more returns they had to promise in [...]
