US CFTC charges All City Investments with soliciting clients into forex fraud, failing to register a

M

mlawson71

The US Commodity Futures Trading Commission (CFTC) said on Thursday it has filed with the US District Court for the Southern District of New York a civil enforcement action against All City Investments LLC and its principal Jamal Y. Vance in relation to an off-exchange forex contracts fraud. The company and its controlling person have also been charged with failure to register as a Commodity Trading Advisors (CTAs) with the regulator as is required by law.
Moreover, in order to induce customers into having All City Investments as their CTA, the company presented fake graphs with historic performance.

https://smnweekly.com/2016/09/23/us...-into-forex-fraud-failing-to-register-as-cta/
 
Different scammers use different methods, I found the fake graphs detail interesting because I wondered how come people fell for it without double-checking this information on their own.
 
You must log in or register to reply here.
Back
Top