Search Results for: ponzi
$125 million offering fraud; ongoing international trading program
September 20th, 2019
The Securities and Exchange Commission (SEC) announced that it has filed an emergency action and obtained a temporary restraining order and asset freeze against three individuals and three entities in connection with an alleged fraudulent, ongoing international trading program ...
Company charged in $147 million fraudulent bitcoin trading scheme
June 19th, 2019
The Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action (Complaint) in the U.S. District Court for the Southern District of New York against defendants Control-Finance Limited (Control-Finance), a purported Bitcoin trading and investment company, ...
Forex trading scheme charged in $75 Million fraud
April 25th, 2019
The Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in federal court in Florida against Sarasota area defendants Oasis International Group, Limited (OIG), Oasis Management, LLC (OM), Satellite Holdings Company (Satellite), Michael J. DaCorta (DaCorta), Joseph S. ...
Individual and Company charged with ongoing Forex and Commodity fraud
December 18th, 2018
The Commodity Futures Trading Commission (CFTC) has issued an announcement to inform about the filling of a civil enforcement action against an individual and his Illinois limited liability company for ongoing Forex and Commodity fraud. In accordance the announcement ...
Two men charged with fraud in fake trading accounts scheme
September 7th, 2018
The Securities and Exchange Commission (SEC) charged two Michigan men with fraud for their roles in a fake accounts scheme perpetrated by a phony day-trading firm, Nonko Trading. The SEC alleges that Jeffrey Goldman of West Bloomfield, Michigan, and ...
USA Regulator ordered a penalty of more than $2.2 million for Forex fraud scheme
May 14th, 2018
The Commodity Futures Trading Commission (CFTC) announced that Judge Esther Salas of the U.S. District Court for the District of New Jersey has entered an Order of default judgment and permanent injunction against Alcibiades Cifuentes (Cifuentes) and Jennifer Wee ...
Regulator calls on Google to ban ads for binary options, cryptocurrencies
February 6th, 2018
Following Facebook’s announcement last week that it was banning all advertising for binary options, cryptocurrencies and initial coin offerings, a Canadian regulator has called on Google to do the same. Jason Roy, a senior investigator at the Manitoba Securities ...
Investors Beware To Online Paid-To-Click Scams
November 8th, 2017
The U.S. Securities and Exchange Commission has issued a warning to inform investors to beware online “paid-to-click” scams that promise an easy payday by merely purchasing a membership or an advertising product up front and then clicking on a ...
Alleged Commodity Pool Fraud Took in More than $3.1 Million from at Least 72 Pool Participants
October 12th, 2017
The Commodity Futures Trading Commission (CFTC) announced the filing of a Complaint on October 2, 2017, in the U.S. District Court for the Central District of California. The CFTC Complaint, filed under seal, charges Defendants Scott Allensworth (d/b/a Capital ...
Investment Adviser Charged in Multi-Million Dollar Options Trading Scheme
October 6th, 2017
The Securities and Exchange Commission charged a Westchester, New York-based investment adviser with fraud stemming from lies to retail investors about the value of their investments in a Ponzi-like scheme. The SEC alleges that, starting in approximately 2010, Michael Scronic ...
