Two BILLION Dollar Forex Fraud Lawsuit

Peter Neymovic

Private, 1st Class
Messages
82
Before blaming any one country, consider that some of the biggest scams happened in the USA. PFG Best is one of the better examples of this
I can not agree with you, still think that biggest scams are in Russia. In a small Russian cities appeared companies that conducted a massive advertising campaign, offering free trading training upon condition that you open an account with them, worked so half a year and then disappeared with the money of all their clients. I was one of the clients of such "company". I have never encountered a similar situation in the United States.
 

Forseti

Sergeant
Messages
132
Global authorities must investigate this new type of financial terrorism, forex scams every day.
No one investigation, no FBI or INTERPOL and EUROPOL.

We should all thank the great research that make this forum administrators.
 
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ilearn2t

Sergeant Major
Messages
711
Hello Forseti

Global authorities must investigate this new type of financial terrorism, forex scams every day.
No investigation, no FBI or INTERPOL and EUROPOL.

We should all thank the great research that make this forum administrators.
Some brokerage firms think they are "masters" in the art of covering up such crimes in this business, that is why more clients need to come forward in forums like this, and report scams etc being committed against themselves by a "said" broker, no matter how small the amount is, one cent per client can lead to $1,000's in scam money, if the scam/crime is done proper.

Good luck
Liz
 

fxstrategist

Corporal
Messages
739
The best thing to do is to do your research before investing with a broker. you have to do your homework, because no one else is going to do it for you.
 

Pharaoh

Colonel
Messages
19,729
I can not agree with you, still think that biggest scams are in Russia. In a small Russian cities appeared companies that conducted a massive advertising campaign, offering free trading training upon condition that you open an account with them, worked so half a year and then disappeared with the money of all their clients. I was one of the clients of such "company". I have never encountered a similar situation in the United States.
Different countries tend to specialize in different scams. Currently the US has a wave of "metals dealers" who offer to loan you money to buy gold and silver. They charge interest on the loan, charge storage fees for the metal, and demand more money whenever the price goes down. The funny part is that they generally never buy even a single gram of real metal.

And, that's on top of the never-ending onslaught of US based Ponzi schemes. Here's one from a couple of days ago:

CFTC Orders New York Resident Jacob N. Stein to Pay More than $344,000 in Restitution and Civil Monetary Penalty for Commodity Pool Fraud and Misappropriation
 

Pharaoh

Colonel
Messages
19,729
Global authorities must investigate this new type of financial terrorism, forex scams every day.
No one investigation, no FBI or INTERPOL and EUROPOL.

We should all thank the great research that make this forum administrators.
There are several points with this that need clarification.

1. I don't know about Interpol and Europol, but reportig financial fraud to the FBI is barking up the wrong tree. If the victim or scam company is linked to the USA, report it to IC3.gov and the CFTC.

2. Getting scammed, reporting it, and expecting your money back is like getting robbed, reporting it, and expecting your money back. Yes, sometimes law enforcement can get some of all of your money back. In both cases, the odds improve greatly if you can provide a detailed report along with LOTS of evidence, but there's still a large chance you won't get all (or any) of your money back. So, if you are scammed, do report it. Still, it's better if you . . .

3. Do your research first. This won't save you from all scams, but the number of easily avoided ones that people willing hand money over to is large. Once the dollar signs start flashing, logic and reason are easy to overlook.
 

Forseti

Sergeant
Messages
132
Of course all of us investigating a broker before opening an account, but these brokers have the ability to advertise on the Internet, methods used to deceive and have partners who are fooling traders to open accounts. In my case I was deceived by a financial advisor and even above was known to me.
Interpol is a government agency, Interpol has jurisdiction to investigate organized crime and financial terrorism in collaboration with FBI and Europol.
Scams in forex, for me it is a method of financial terrorim, is a financial crime, and so is organized crime.
Financial regulatory agencies should regulate all listed online brokers, banks are also responsible as payers, and also open accounts for forex brokers that are not regulated.

This is how I think, should end up in jail all forex scammers.
 
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