SEC accused Mediatrix Capital of $125 mln Ponzi scheme Sep 19 2019 By Jonathan Smith Mediatrix Capital, which claimed that its clients profited for 5 consecutive years without a single monthly loss, and which also was awarded as the Best Family Office Asset Manager in Monaco, is now been accused by U.S. Securities and Exchange Commission (SEC) of running a Ponzi scheme. Another one gets caught. The rise in Forex Ponzi schemes has been remarkable over the last two years.Culprits are misuing FX trading as a front, promising returns of over 10%. David R. Lewalski, formerly of Gainesville, Fla., pleaded guilty today to mail fraud in connection with his operation of a $30 million investment fraud scheme, It can be an honor to be named after something you created or popularized. The Greek mathematician Pythagoras created his own theorem to easily calculate measurements. The Hungarian inventor Ernő Rubik is best known for his architecturally puzzling Rubik’s Cube. But what happens when your name is at CEO Robert Lappin lost millions of dollars in the Bernie Madoff scandal. But his main concern was helping his employees. RD.COM When Marilyn Forbes, a retired secretary, first heard the name Bernie Madoff, the Wall Street financier now serving a 150-year When Marilyn Forbes, a retired secretary, fir
Debunking SIB’s Mansa X, The Online Forex Trading Platform That Looks Like A Ponzi Scheme. In January 2019, the Standard Investment Bank (SIB) announced the launch of a new product dubbed Mansa X, that would have a 24 percent returns on investment. The lender termed the product as “Kenya’s first and only CMA regulated Online Forex Trading Money Manager”. Singapore based crypto exchange revealed that it was a victim of a $150 million hack, as Bitcoin and other digital coins had been withdrawn from hot wallets to some other unknown wallet. KuCoin is one of the largest digital asset exchanges in the world, with a rough daily trading volume of $100 million. A statement by the website puts the attack on Friday 26th September. The complaint alleges that of the at least $4.75 million accepted, Avinash Singh and Highrise traded only a combined amount of $1,656,000 in forex and misappropriated at least $3 million of victims’ funds to pay personal expenses, to transfer to other defendants, and to make Ponzi-type payments to other victims.
The Commodity Futures Trading Commission filed charges against 10 defendants in a multi-level $4.75 million forex Ponzi scheme. The CFTC charged based in Florida Avinash Singh with soliciting and misappropriating funds through a master commodity pool Highrise Advantage, LLC. This payment scheme was later called the “Ponzi scheme”. In other terms it is also commonly called “ money game “ . The scheme failed when Ponzi began having difficulty recruiting new investors, which caused him to be unable to repay the capital of his clients.
Forex-3D has posted on Facebook denying that they are a Ponzi scheme, saying any incidents that may have happened “were caused by members acting illegally”, and that the company “has no connection to such activities”. Nov 13, 2020 · But restructuring scheme has to get majority approval from boxship operator's creditors. New work pass in Singapore for top-tier foreign tech professionals to The new workpass will be valid for two years, with a one-time renewal for a subsequent two years that will depend on certain criteria. Dec 16, 2014 · You get Sunshine Empire, a cautionary tale of excess and greed, the largest Ponzi scheme in Singapore, and the perfect example of the adage “if something is too good to be true, it probably is”. Started by James Phang in 2006, Sunshine Empire was a Ponzi scheme, masquerading as a multi-level marketing business selling tiered lifestyle packages. Another one gets caught. The rise in Forex Ponzi schemes has been remarkable over the last two years.Culprits are misuing FX trading as a front, promising returns of over 10%. David R. Lewalski, formerly of Gainesville, Fla., pleaded guilty today to mail fraud in connection with his operation of a $30 million investment fraud scheme, May 25, 2020 · Crypto and Forex Ponzi scheme on the rise amid COVID-19 In conversation, Adv P M Mishra talks about various scams that have hit the market since the past few years. BRAND CONNECT. Sep 23, 2020 · The Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action in the United States District Court for the Middle District of Florida against 10 defendants in a multi-level $4.75 million off-exchange foreign currency (forex) Ponzi scheme.
Oct 22, 2020