Tag: forex schemes
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BULLETIN: ‘PerfectMoney,’ Fraud-Scheme Processor Purportedly Based In Panama, Says It Is Banning U.S. Customers
BULLETIN: On the heels of the apparent shutdown of Costa Rica-based Liberty Reserve as part of an international money-laundering investigation, “PerfectMoney” says it is banning users from the United States. Perfect Money purportedly operates from Panama. (More below.) In an announcement dated today on its website, Perfect Money says that “due to changes in our…
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UPDATE: Jeffery Groendyke, Figure In CFTC Ponzi Case Filed Civilly In May, Pleads Guilty To Criminal Charge Of Wire Fraud After FBI Probe
UPDATE: Jeffery (also cited as “Jeffrey”) L. Groendyke, the Michigan man ordered by a federal judge earlier this month to pay nearly $1.4 million in restitution and penalties in a Forex Ponzi case brought civilly by the CFTC, now has pleaded guilty to a criminal charge of wire fraud, federal prosecutors in the Western District…
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BULLETIN: CFTC Shuts Down Forex Scam Allegedly Operated In Wisconsin By Canadian Who Claimed Belize Incorporation; Website Of JadeFX Taken Offline; Federal Judge Orders Asset Freeze
BULLETIN: A Canadian man was running a Forex scheme in the United States that touted its incorporation in Belize, the CFTC said. The scheme was operating from Wisconsin Dells, Wisc., and had at least six corporate bank accounts and two PayPal accounts into which customers sent money, the CFTC said. Named defendants in a case…
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SPECIAL REPORT: Forex Firms Named In CFTC Sweep Used Same Offshore Processor As Alleged Imperia Invest Fraud; Name Of Man Linked To ‘Perfect Money’ Appears In Ponzi Forfeiture Complaint In Which Feds Tied Cash To International Narcotics Trade
SPECIAL REPORT: UPDATED 2:27 P.M. ET (U.S.A., FEB. 9) Federal court and web records show that at least three of the 14 purported Forex dealers named defendants in a major sweep of unregistered firms last month by the Commodity Futures Trading Commission advertised that they accepted funds from Perfect Money. Perfect Money is a murky…
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BREAKING NEWS: OLINT Boss David A. Smith Extradited To United States From Turks And Caicos Islands; Faces Charges In Spectacular Forex-Fraud Case In Orlando Region
BULLETIN: Agents from U.S. Immigration and Customs Enforcement (ICE) traveled to the Turks And Caicos Islands to take accused Ponzi schemer David A. Smith into custody. Smith has been transported to the United States and is jailed in Florida. Smith, who was serving a prison term in the islands for fraud and conspiracy, became the…
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OFFICIALS: Ponzi Schemes, Investment Fraud Have Led To Staggering Losses In Utah; Hundreds Of Potential Perpetrators Identified
UPDATED 8:38 P.M. EDT (U.S.A.) Recent Ponzi schemes and cases of investment fraud have cost Utah residents an estimated $1.4 billion, the FBI said today. About 370 investigative “subjects” — defined as “potential perpetrators” in current cases — have been identified, and the agency and its law-enforcement partners have embarked on a public awareness and…