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Regulators Join Forces to Warn Public of Foreign Currency Trading Frauds

Release: 5332-07
For Release: May 7, 2007
Regulators Join Forces to Warn Public of Foreign Currency Trading Frauds
Washington, D.C. — The Commodity Futures Trading Commission (CFTC) and the North American Securities Administrators Association (NASAA) today issued a joint investor alert to warn of the dangers facing retail investors who are lured into foreign currency (forex) trading frauds.
The [...]

Fraudulent Foreign Currency (Forex) Scam

Release: 5274-07
For Release: January 11, 2007
U.S. District Court for the District of Oregon Enters Final Order against Mastermind of Multimillion Dollar Fraudulent Foreign Currency (Forex) Scam
Court Orders Russell Cline of Portland, Oregon, to Pay over $33 Million
Washington, D.C.— The U.S. Commodity Futures Trading Commission (CFTC) announced today that the Honorable Garr King of the United [...]

Fine in Illegal Forex Trading Case

Release: 5279-07
For Release: January 18, 2007
Florida Federal Court Judgment Concludes Multi-Million Dollar Foreign Currency (Forex) Anti-Fraud Action Brought by the U.S. Commodity Futures Trading Commission
Next Financial Services Unlimited and Russell Diaz Ordered to Pay More Than $1.8 Million in Restitution and $1.25 Million in Civil Monetary Penalties; New World Trading and Shad Thomas Haynes to [...]

Firm Charged for Illegal Off-Exchange Forex Trading

Release: 5362-07
For Release: July 27, 2007
U.S. District Court Appoints Fund Administrator to Disburse Restitution in the CFTC’s Forex Anti-Fraud Action Against Emerald Worldwide Holdings, Inc.
Approximately $1.5 Million Is Available To Be Distributed As Restitution
Washington, D.C. – The U.S. Commodity Futures Trading Commission (CFTC) announced today the issuance of an Order for Distribution of Restitution and [...]

Seattle Forex Firm Charged with Fraud

Release: 5289-07
For Release: February 7, 2007
Texas Federal Court Orders Payment of More Than $123 Million in Fines and Restitution in Case Filed by the U.S. Commodity Futures Trading Commission against Seattle Firm and its Affiliates Involved in Fraudulent Foreign Currency (Forex) Swindle
Federal Cooperative Enforcement Utilized to Prosecute Defendants Premium Income Corp., Inforex, Ltd., and Tri-Forex [...]