Action against Defendants, financial management companies and their principals, for alleged fraud against investors. According to the CFTC, Defendants falsely represented to investors that their funds would be used for pooled investments in retail forex. The CFTC alleges that Defendants instead misappropriated the funds for personal use and to make Ponzi-like payments to other investors. The CFTC further alleges that Defendants issued false account statements to pool participants.

CFTC Complaint 

Press Release