How ForexNpower Preyed on Korean-Language Investors in Queens for Three Years Investigative Finance | Corporate Accountability | Consumer Fraud | CFTC Enforcement Forex Fraud They Called It ForexNpower. Regulators Called It a Scheme to Rob Korean Immigrants of Their Savings.…
TL;DR:According to a federal CFTC consent order released yesterday, SimTradePro Incorporated and its main guy, Robert L. Adams, solicited more than $2.3 million from over 100 U.S. retail customers (many saving for retirement btw) into leveraged foreign exchange and metals…
TL;DR:A federal court found that Safeguard Metals and its owner, Jeffrey Ikahn, ran a nationwide precious-metals scheme that drained retirement savings from more than 450 mostly elderly investors. The company used fear-based sales tactics, false claims about government rules, and…
The Cherry-Picker To the outside world, Peter Kambolin and his firm, Systematic Alpha Management (SAM), were a picture of success. Based out of a sunny high-rise in South Florida, they won industry awards and marketed themselves as a sophisticated, algorithm-driven…
Traders in the world of global finances execute millions of dollars in transactions in the blink of an eye. At the Korean firm Shinhan Securities Co. Ltd., a trader, known only as “Trader A,” according to a CFTC filing was…
Aipu Limited Accused of $3.6M Pig Butchering Fraud Targeting U.S. Investors Corporate Misconduct Accountability Project Aipu Limited · Enforcement Action Aipu Limited Accused of $3.6M Pig Butchering Fraud Targeting U.S. Investors CFTC alleges UK shell companies operated by Chinese nationals…
Corporate Misconduct Case Study: GDLogix Inc. & Its Impact on Everyday Investors TLDR: According to a legal complaint filed by the U.S. Commodity Futures Trading Commission, from 2011 to 2016, Daniel Winston LaMarco and his company, GDLogix Inc., orchestrated a…
Corporate Greed Case Study: LJM Funds & Its Impact on Defrauded Investors TLDR: Chicago-based investment firm LJM, managing over $1 billion, orchestrated a calculated deception, promising investors its complex trading strategy was safe and its risk management “robust.” Internal documents…
CapitalStorm Ponzi Scheme Stole $2M From 233 Investors Corporate Misconduct Accountability Project CapitalStorm LLC · CFTC Enforcement Order CapitalStorm Ponzi Scheme Stole $2M From 233 Investors Storm and Elijah Bryant ran CapitalStorm LLC, GenerationBlack LLC, and Ncome LLC as unregistered…
TOTSA TotalEnergies Tried to Rig Gasoline Prices for $48M Profit Corporate Misconduct Accountability Project TOTSA TotalEnergies Trading SA · Regulatory Enforcement Order TOTSA TotalEnergies Tried to Rig Gasoline Prices for $48M Profit Energy giant attempted to manipulate European gasoline benchmark…