Latest on Forex firm CWM FX fraud investigations
City of London Police issued a press release urging anyone who has invested in CWM’s (Capital World Markets) managed funds offering 5% interest per month to get in contact.
On March 3, police raided offices in the Heron Tower, hauling 13 City workers out of the building and away for questioning. The
City of London police, that time, issued a statement confirming the arrests, made on suspicion of fraud and money laundering.
Read more: London Police raid offices of Forex Broker firm
Detective Superintendent Maria Woodall, who is overseeing the investigation for the City of London Police, said:
“The primary objective of the arrest phase of this investigation was to stop what we believe was ongoing criminality and prevent people putting their money into CWM’s managed funds offering 5% interest per month.
“Now we need anyone who thinks they have invested in this specific enterprise to get in contact and help us clarify exactly how this company has been using the funds given to them in good faith by citizens living in both the UK and abroad.”
Source: City of London Police
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