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We the members of the Scam Investigations Committee of the Forex Peace Army have deliberated on all the evidence available to us and have reached a conclusion. It is our opinion that...
In July of 2010, the NFA locked down CDH Global Holdings and CDH Forex. Both branches of CDH and Linda Faye Harris were prohiited from soliciting or accepting any new funds and dispersing any existing funds without NFA approval. The NFA says that this was done to protect clients. Judging by what the CFTC just did, this was a good idea.
On October 25th, 2011, the CFTC charged Linda Faye Harris, Chance Domel Harris, CDH Forex Investments, LLC and CDH Global Holdings, LLC with with solicitation fraud, making false statements, and misappropriation of investors’ funds in connection with the trading of forex.
The charges include pooled and managed forex accounts that collected over $2.2 million in investments. While claiming to be profitable, the defendants are charged with misappropriating about $350,000 for personal expenses while losing money trading the rest.
Providing false account statements showing profits while really losing money is a scam. Misappropriaton of money belonging to traders is theft of funds.
Under these circumstances, we consider CDH Forex and CDH Global to be scams and both Linda Harris and Chance Harris to be scammers. We offer all of them the opportunity to have this scam finding lifted by meeting these requirements. All clients must be repaid their initial investments and profits in accordance with the statements of profitability that where shown to the clients.
CDH is hereby blacklisted by the Forex Peace Army. We urge traders who have invested with this company to contact the CFTC and NFA immediately.
We wish thank the NFA and the CFTC for their efforts to clean up these types of scams.
Discussion Thread for this Scam Finding
CFTC Press Release about CDH
NFA Case Summary for CDH
Review Page for CDHForex.com
Article on how to avoid managed forex fraud
.
In July of 2010, the NFA locked down CDH Global Holdings and CDH Forex. Both branches of CDH and Linda Faye Harris were prohiited from soliciting or accepting any new funds and dispersing any existing funds without NFA approval. The NFA says that this was done to protect clients. Judging by what the CFTC just did, this was a good idea.
On October 25th, 2011, the CFTC charged Linda Faye Harris, Chance Domel Harris, CDH Forex Investments, LLC and CDH Global Holdings, LLC with with solicitation fraud, making false statements, and misappropriation of investors’ funds in connection with the trading of forex.
The charges include pooled and managed forex accounts that collected over $2.2 million in investments. While claiming to be profitable, the defendants are charged with misappropriating about $350,000 for personal expenses while losing money trading the rest.
Providing false account statements showing profits while really losing money is a scam. Misappropriaton of money belonging to traders is theft of funds.
Under these circumstances, we consider CDH Forex and CDH Global to be scams and both Linda Harris and Chance Harris to be scammers. We offer all of them the opportunity to have this scam finding lifted by meeting these requirements. All clients must be repaid their initial investments and profits in accordance with the statements of profitability that where shown to the clients.
CDH is hereby blacklisted by the Forex Peace Army. We urge traders who have invested with this company to contact the CFTC and NFA immediately.
We wish thank the NFA and the CFTC for their efforts to clean up these types of scams.
Discussion Thread for this Scam Finding
CFTC Press Release about CDH
NFA Case Summary for CDH
Review Page for CDHForex.com
Article on how to avoid managed forex fraud
.
