$85 Million Forex Ponzi Scheme
The U.S. Commodity Futures Trading Commission (CFTC) today announced that it filed an action in federal court in San Francisco charging SNC Asset Management, Inc., (SNC Asset) and SNC Investments, Inc., (SNC Investments), both of Pleasanton, California (collectively SNC), and Chief Executive Officer Peter Son and Chief Financial Officer Jin K. [...]
Ponzi Schemes Included Classic Forex Frauds
I have reprinted the following releases from the CFTC website. It is obvious the CFTC has had their hands full as more and more Ponzi schemes come to light.
****
Release: 5635-09
For Release: March 18, 2009
CFTC Charges North Carolina Foreign Currency Firm Barki, LLC and Its Recently Deceased Principal Bruce C. Kramer [...]
Tags:
cftc,
cftc enforcement,
forex,
forex cpo,
forex cpo fraud,
forex fraud,
forex hedge fund,
forex hedge fund fraud,
forex ponzi scheme,
hedge fund,
nfa,
ponzi scheme No Comments |
Read the rest of this entry »