Search Results for: boiler room
AMF warns retail investors and public about aggressive “boiler room”
June 5th, 2018
The Autorite des Marches Financiers (AMF), an independent public authority in France responsible for ensuring that savings invested in financial products are protected, that investors are provided with adequate information and supervising the orderly operation of markets, has issued ...
Fraudsters ordered to pay £11 million in large boiler room case
April 21st, 2016
Convicted fraudsters Jeffrey Revell-Reade and Anthony May were today ordered to pay a total of £11, 001,000 in compensation, at Southwark Crown Court. At a hearing overseen by HHJ Gledhill QC, Jeffrey Revell-Reade, 51, an Australian national, was ordered ...
Boiler room fraudsters ordered to pay £843k
December 15th, 2014
Two men involved in a £70 million boiler room fraud have been ordered to pay £843,000 between them after being found guilty of conspiracy to defraud. In 2010 Philip Morris and Daniel Gooding were among the nine fraudsters found ...
FCA warns against boiler room clone firm
September 1st, 2014
Financial Conduct Authority (FCA), the British regulator has issued a warning against boiler room “City Equities Ltd” (www.cityeq.com), informing the investors that the company appears as the clone firm of the FCA regulated firm, “City Equities Limited” (www.cityequities.com). Fraudsters ...
FCA warns against boiler room clone firm
August 28th, 2014
Financial Conduct Authority (FCA), the British regulator has issued a warning against boiler room “London Capital Group Asia (Clone of FCA authorised firm) / LCGA Fxplatform / LCG Asia / LCG Forex” (www.lcga-fx.com / www.lcga.asia.lid-cn / http://indo.lcga-fx.com / www.fxlcg.com), ...
The Financial Services and Markets Authority of Belgium warns against various “bolier rooms”
July 16th, 2015
UNAUTHORIZED INVESTMENT SERVICES: BOILER ROOMS FSMA, the financial regulator of Belgium, has issued a press release to warn public for investment firms or credit institutions that are not authorised in Belgium and may not under any circumstances offer investment ...
Alert! Individuals and entities charged with fraud in Binary Options trading scheme
September 3rd, 2019
The U.S. Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the U.S. District Court for the Northern District of Illinois charging five entities and four individuals with fraud relating to a global retail binary options enterprise ...
Investment fraud led to the loss of more than £2.8m of investors’ money
September 10th, 2018
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has issued an announcement to inform about FCA’s second largest ever criminal prosecution and most complex fraud investigations. Operation Tidworth was ...
US seeks record $75m. from marketer for steering victims to Israeli binary scams
July 19th, 2018
While Israeli law enforcement continues to ignore the country’s robust online fraud sector, the United States government has asked a Florida court to impose some $75 million in fines and penalties against a single alleged US-based binary options fraudster. ...
Former CEO of Israeli binary options company charged with defrauding investors all over the world
March 26th, 2018
Lee Elbaz, the former CEO of Israeli binary options company Yukom Communications, was indicted by a US federal grand jury on March 22 for allegedly participating in a scheme to “defraud investors in the United States and across the ...
