Tag Archives: charged
Federal Court Orders Charlotte, NC, Couple and Their Companies to Pay $24 Million for Defrauding Customers in Forex Ponzi Scheme
2
2011
Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced it obtained a federal court supplemental consent order requiring defendants Sidney S. Hanson, Charlotte M. Hanson, and their companies, Queen Shoals, LLC, Queen Shoals II, LLC, and Select Fund, LLC, to pay $24 million in restitution and civil monetary penalties for defrauding customers and misappropriating millions of dollars in a foreign currency (forex) Ponzi scheme (see CFTC Press Release 5689-09, August 7, 2009).
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Two years after being charged with operating a Ponzi scheme through his company CRW Management LP that solicited at least $10.9 million from more than 250 investors, ostensibly to perform foreign exchange trading Ray White on Tuesday was sentenced to 10 years …
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CFTC Charges Angel Collazo and ACJ Capital, Inc. with Solicitation Fraud and Issuing False Statements in Forex Scheme
16
2011
Federal court issues order freezing defendants’ assets and protecting books and records. Washington, DC — The U.S. Commodity Futures Trading Commission (CFTC) today announced that it filed a complaint charging Angel Fernando Collazo of Salinas, Puerto Rico, and his company, …
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State Street Corporation (company that owns Currenex) is being now investigated by the SEC with regards to its foreign exchange pricing. The issue at hand is the foreign exchange pricing that State Street used when providing custodial services to several …
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