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Tag Archives: Crown Forex

PFG sued for allegedly ignoring red flags in the Crown Forex case

Feb
3
2012
Posted by Michael Greenberg in Brokers
0 Comments

This case just gets more and more complicated. Crown Forex is an extremely complicated case of a Forex brokerage that turned out to be a ponzi scam. We’ve already reported today about another uncovered forex ponzi brokerage (One World Capital) …
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FINMA puts swiss pb in liquidation, second bust Swiss forex brokerage after Crown Forex

Jun
9
2011
Posted by Michael Greenberg in Brokers
0 Comments

Just like with the notorious Crown Forex FINMA took over swiss pb’s website and put the following announcement there: “With an order dated March 25th, 2011 the Swiss Financial Supervisory Authority FINMA has adjudicated the bankruptcy of swiss pb AG …
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David Smith pleads guilty to a $220 million forex ponzi scheme

Mar
31
2011
Posted by Michael Greenberg in Brokers,Traders
1 Comments

It was one of my first posts here on Forex Magnates almost two years ago! And now this case is close to completion. David Smith from notorious Olint (an alleged forex Ponzi scheme which bilked investors out of hundreds of …
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Interview with former Crown Forex CEO Shadi Swais

Oct
4
2010
Posted by Michael Greenberg in Brokers
2 Comments

Minnesotas’s StarTribune has made a great job in tracking down, through a Facebook message, and finally managing to interview the former CEO of the notorious Swiss brokerage – Crown Forex. It is clear why FINMA are giving forex brokerages a …
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