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forex scam

Joel Nathan Ward used to be a hotshot forex guru with millions of dollars of managed account money under his control. Now, he’s looking at 9 years of hard time in federal prison along with an order to repay $11 million to investors. Is he a sleazy scumbag who should be grateful for such a short sentence, or a good guy who is being denied a chance to make amends for one terrible mistake?

I’d like to thank the FPA’s Scam Investigations Committee for letting me write this article. I’ve been waiting for this day to come for a long time now.

Happy Ponzi Day! 100 Years of Ponzi Schemes   With my history of exposing Ponzi schemes and similar scams, why would I ever say “Happy Ponzi Day!“?  I’m saying it today for one simple reason.  Today is the 100th anniversary of Charles Ponzi being arrested for the type of financial scam that now bears his …

Continue reading “Happy Ponzi Day – 100 Years of Ponzi Schemes”

I really like helping out the FPA’s investigators from time to time. They all try their best to help traders. When a company won’t cooperate in the face of evidence that money is owed to a trader, they file a report with the full Scam Investigations Committee and a Scam Confirmation is issued. They try hard to not label companies as scams, but some companies seem determined to gain that label.