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	<title>Forex Magnates &#187; Crown Forex</title>
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	<link>http://forexmagnates.com</link>
	<description>Forex Magnates is the home of the Forex Elite providing up to date industry news coverage, commentary and scoops</description>
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		<title>PFG sued for allegedly ignoring red flags in the Crown Forex case</title>
		<link>http://forexmagnates.com/pfg-sued-for-allegedly-ignoring-red-flags-in-the-crown-forex-case/</link>
		<comments>http://forexmagnates.com/pfg-sued-for-allegedly-ignoring-red-flags-in-the-crown-forex-case/#comments</comments>
		<pubDate>Fri, 03 Feb 2012 11:19:47 +0000</pubDate>
		<dc:creator>Michael Greenberg</dc:creator>
				<category><![CDATA[Brokers]]></category>
		<category><![CDATA[2011 forex industry report]]></category>
		<category><![CDATA[Crown Forex]]></category>
		<category><![CDATA[foreign exchange]]></category>
		<category><![CDATA[Forex]]></category>
		<category><![CDATA[forex brokers]]></category>
		<category><![CDATA[forex fraud]]></category>
		<category><![CDATA[forex industry report]]></category>
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		<category><![CDATA[forex market]]></category>
		<category><![CDATA[forex ponzi]]></category>
		<category><![CDATA[forex report]]></category>
		<category><![CDATA[forex scam]]></category>
		<category><![CDATA[forex scheme]]></category>
		<category><![CDATA[forex trading]]></category>
		<category><![CDATA[free forex industry report]]></category>
		<category><![CDATA[FX]]></category>
		<category><![CDATA[minnesota receiver]]></category>
		<category><![CDATA[one world capital]]></category>
		<category><![CDATA[peregrine financial group]]></category>
		<category><![CDATA[pfg]]></category>
		<category><![CDATA[r.j. zayed]]></category>
		<category><![CDATA[receiver]]></category>
		<category><![CDATA[retail forex industry report]]></category>
		<category><![CDATA[retail forex report]]></category>
		<category><![CDATA[trading]]></category>
		<category><![CDATA[trevor cook scam]]></category>
		<category><![CDATA[Twin Cities]]></category>

		<guid isPermaLink="false">http://forexmagnates.com/?p=10341</guid>
		<description><![CDATA[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&#8217;ve already reported today about another uncovered forex ponzi brokerage (One World Capital) &#8230;<br/> <a href="http://forexmagnates.com/pfg-sued-for-allegedly-ignoring-red-flags-in-the-crown-forex-case/" class="readmore">Read more</a>]]></description>
		<wfw:commentRss>http://forexmagnates.com/pfg-sued-for-allegedly-ignoring-red-flags-in-the-crown-forex-case/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>FINMA puts swiss pb in liquidation, second bust Swiss forex brokerage after Crown Forex</title>
		<link>http://forexmagnates.com/finma-puts-swiss-pb-in-liquidation-second-bust-swiss-forex-brokerage-after-crown-forex/</link>
		<comments>http://forexmagnates.com/finma-puts-swiss-pb-in-liquidation-second-bust-swiss-forex-brokerage-after-crown-forex/#comments</comments>
		<pubDate>Thu, 09 Jun 2011 09:56:52 +0000</pubDate>
		<dc:creator>Michael Greenberg</dc:creator>
				<category><![CDATA[Brokers]]></category>
		<category><![CDATA[Crown Forex]]></category>
		<category><![CDATA[crown forex liquidation]]></category>
		<category><![CDATA[crownforex]]></category>
		<category><![CDATA[FINMA]]></category>
		<category><![CDATA[foreign exchange]]></category>
		<category><![CDATA[Forex]]></category>
		<category><![CDATA[forex brokers]]></category>
		<category><![CDATA[forex fraud]]></category>
		<category><![CDATA[forex industry report]]></category>
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		<category><![CDATA[forex magnates industry report]]></category>
		<category><![CDATA[forex magnates quarterly report]]></category>
		<category><![CDATA[forex magnates report]]></category>
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		<category><![CDATA[forex report]]></category>
		<category><![CDATA[forex scam]]></category>
		<category><![CDATA[forex scheme]]></category>
		<category><![CDATA[forex trading]]></category>
		<category><![CDATA[FX]]></category>
		<category><![CDATA[liquidiation]]></category>
		<category><![CDATA[Regulation]]></category>
		<category><![CDATA[retail forex industry report]]></category>
		<category><![CDATA[retail forex report]]></category>
		<category><![CDATA[swiss pb]]></category>
		<category><![CDATA[swiss pb liquidation]]></category>
		<category><![CDATA[trading]]></category>
		<category><![CDATA[Trevor Cook]]></category>

		<guid isPermaLink="false">http://forexmagnates.com/?p=7085</guid>
		<description><![CDATA[Just like with the notorious Crown Forex FINMA took over swiss pb&#8217;s website and put the following announcement there: &#8220;With an order dated March 25th, 2011 the Swiss Financial Supervisory Authority FINMA has adjudicated the bankruptcy of swiss pb AG &#8230;<br/> <a href="http://forexmagnates.com/finma-puts-swiss-pb-in-liquidation-second-bust-swiss-forex-brokerage-after-crown-forex/" class="readmore">Read more</a>]]></description>
		<wfw:commentRss>http://forexmagnates.com/finma-puts-swiss-pb-in-liquidation-second-bust-swiss-forex-brokerage-after-crown-forex/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>David Smith pleads guilty to a $220 million forex ponzi scheme</title>
		<link>http://forexmagnates.com/david-smith-pleads-guilty-to-a-220-million-forex-ponzi-scheme/</link>
		<comments>http://forexmagnates.com/david-smith-pleads-guilty-to-a-220-million-forex-ponzi-scheme/#comments</comments>
		<pubDate>Thu, 31 Mar 2011 08:52:59 +0000</pubDate>
		<dc:creator>Michael Greenberg</dc:creator>
				<category><![CDATA[Brokers]]></category>
		<category><![CDATA[Traders]]></category>
		<category><![CDATA[charged]]></category>
		<category><![CDATA[Crown Forex]]></category>
		<category><![CDATA[David Smith]]></category>
		<category><![CDATA[eforex.com]]></category>
		<category><![CDATA[extradiction]]></category>
		<category><![CDATA[foreign exchange]]></category>
		<category><![CDATA[Forex]]></category>
		<category><![CDATA[forex brokers]]></category>
		<category><![CDATA[forex ponzi]]></category>
		<category><![CDATA[forex trading]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[FX]]></category>
		<category><![CDATA[I Trade]]></category>
		<category><![CDATA[indictment]]></category>
		<category><![CDATA[Isaac Martinez]]></category>
		<category><![CDATA[Jared Martinez]]></category>
		<category><![CDATA[Market Traders Institute]]></category>
		<category><![CDATA[NFa]]></category>
		<category><![CDATA[Olint]]></category>
		<category><![CDATA[ponzi]]></category>
		<category><![CDATA[pyramid]]></category>
		<category><![CDATA[Regulation]]></category>
		<category><![CDATA[retail brokers]]></category>
		<category><![CDATA[retail volume]]></category>
		<category><![CDATA[trading]]></category>
		<category><![CDATA[Trevor Cook]]></category>

		<guid isPermaLink="false">http://forexmagnates.com/?p=6048</guid>
		<description><![CDATA[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 &#8230;<br/> <a href="http://forexmagnates.com/david-smith-pleads-guilty-to-a-220-million-forex-ponzi-scheme/" class="readmore">Read more</a>]]></description>
		<wfw:commentRss>http://forexmagnates.com/david-smith-pleads-guilty-to-a-220-million-forex-ponzi-scheme/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Interview with former Crown Forex CEO Shadi Swais</title>
		<link>http://forexmagnates.com/interview-with-former-crown-forex-ceo-shadi-swais/</link>
		<comments>http://forexmagnates.com/interview-with-former-crown-forex-ceo-shadi-swais/#comments</comments>
		<pubDate>Mon, 04 Oct 2010 08:33:32 +0000</pubDate>
		<dc:creator>Michael Greenberg</dc:creator>
				<category><![CDATA[Brokers]]></category>
		<category><![CDATA[charged]]></category>
		<category><![CDATA[Crown Forex]]></category>
		<category><![CDATA[FINMA]]></category>
		<category><![CDATA[foreign exchange]]></category>
		<category><![CDATA[Forex]]></category>
		<category><![CDATA[forex brokers]]></category>
		<category><![CDATA[forex trading]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[FX]]></category>
		<category><![CDATA[Ibrahim Hasanein]]></category>
		<category><![CDATA[Regulation]]></category>
		<category><![CDATA[retail brokers]]></category>
		<category><![CDATA[shadi swaiss]]></category>
		<category><![CDATA[trading]]></category>
		<category><![CDATA[Trevor Cook]]></category>

		<guid isPermaLink="false">http://forexmagnates.com/?p=4826</guid>
		<description><![CDATA[Minnesotas&#8217;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 &#8211; Crown Forex. It is clear why FINMA are giving forex brokerages a &#8230;<br/> <a href="http://forexmagnates.com/interview-with-former-crown-forex-ceo-shadi-swais/" class="readmore">Read more</a>]]></description>
		<wfw:commentRss>http://forexmagnates.com/interview-with-former-crown-forex-ceo-shadi-swais/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Another forex scammer to pay the price – David Smith faces extradition to the US</title>
		<link>http://forexmagnates.com/another-forex-scammers-to-pay-the-price-david-smith-faces-extradition-to-the-us/</link>
		<comments>http://forexmagnates.com/another-forex-scammers-to-pay-the-price-david-smith-faces-extradition-to-the-us/#comments</comments>
		<pubDate>Mon, 06 Sep 2010 09:05:31 +0000</pubDate>
		<dc:creator>Michael Greenberg</dc:creator>
				<category><![CDATA[Brokers]]></category>
		<category><![CDATA[Traders]]></category>
		<category><![CDATA[charged]]></category>
		<category><![CDATA[Crown Forex]]></category>
		<category><![CDATA[David Smith]]></category>
		<category><![CDATA[eforex.com]]></category>
		<category><![CDATA[extradiction]]></category>
		<category><![CDATA[foreign exchange]]></category>
		<category><![CDATA[Forex]]></category>
		<category><![CDATA[forex brokers]]></category>
		<category><![CDATA[forex ponzi]]></category>
		<category><![CDATA[forex trading]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[FX]]></category>
		<category><![CDATA[I Trade]]></category>
		<category><![CDATA[indictment]]></category>
		<category><![CDATA[Isaac Martinez]]></category>
		<category><![CDATA[Jared Martinez]]></category>
		<category><![CDATA[Market Traders Institute]]></category>
		<category><![CDATA[NFa]]></category>
		<category><![CDATA[Olint]]></category>
		<category><![CDATA[ponzi]]></category>
		<category><![CDATA[pyramid]]></category>
		<category><![CDATA[Regulation]]></category>
		<category><![CDATA[retail brokers]]></category>
		<category><![CDATA[retail volume]]></category>
		<category><![CDATA[trading]]></category>
		<category><![CDATA[Trevor Cook]]></category>

		<guid isPermaLink="false">http://forexmagnates.com/?p=4633</guid>
		<description><![CDATA[It was one of my first stories on Forex Magnates, I indicated that David Smith from notorious Olint (an alleged forex Ponzi scheme which bilked investors out of almost $1 billion) was linked to I Trade, a former US forex &#8230;<br/> <a href="http://forexmagnates.com/another-forex-scammers-to-pay-the-price-david-smith-faces-extradition-to-the-us/" class="readmore">Read more</a>]]></description>
		<wfw:commentRss>http://forexmagnates.com/another-forex-scammers-to-pay-the-price-david-smith-faces-extradition-to-the-us/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Trevor Cook to sue himself? Why not</title>
		<link>http://forexmagnates.com/trevor-cook-to-sue-himself-why-not/</link>
		<comments>http://forexmagnates.com/trevor-cook-to-sue-himself-why-not/#comments</comments>
		<pubDate>Wed, 28 Apr 2010 09:06:05 +0000</pubDate>
		<dc:creator>Michael Greenberg</dc:creator>
				<category><![CDATA[Traders]]></category>
		<category><![CDATA[Brokers]]></category>
		<category><![CDATA[CFTC]]></category>
		<category><![CDATA[charged]]></category>
		<category><![CDATA[Crown Forex]]></category>
		<category><![CDATA[foreign exchange]]></category>
		<category><![CDATA[Forex]]></category>
		<category><![CDATA[forex brokers]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[FX]]></category>
		<category><![CDATA[NFa]]></category>
		<category><![CDATA[ponzi]]></category>
		<category><![CDATA[Regulation]]></category>
		<category><![CDATA[retail brokers]]></category>
		<category><![CDATA[retail volume]]></category>
		<category><![CDATA[trading]]></category>
		<category><![CDATA[Trevor Cook]]></category>

		<guid isPermaLink="false">http://forexmagnates.com/?p=3763</guid>
		<description><![CDATA[As Francesc points out today, Trevor Crook Cook, who is charged with bilking investors out of at least $190 millions, says he filed a claim against Crown Forex, S.A. for $67 million in investor funds that he claims were being &#8230;<br/> <a href="http://forexmagnates.com/trevor-cook-to-sue-himself-why-not/" class="readmore">Read more</a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Trevor Cook admits to $190 million scam</title>
		<link>http://forexmagnates.com/trevor-cook-admits-to-190-million-scam/</link>
		<comments>http://forexmagnates.com/trevor-cook-admits-to-190-million-scam/#comments</comments>
		<pubDate>Wed, 14 Apr 2010 09:05:52 +0000</pubDate>
		<dc:creator>Michael Greenberg</dc:creator>
				<category><![CDATA[Traders]]></category>
		<category><![CDATA[Brokers]]></category>
		<category><![CDATA[charged]]></category>
		<category><![CDATA[Crown Forex]]></category>
		<category><![CDATA[currency fraud]]></category>
		<category><![CDATA[foreign exchange]]></category>
		<category><![CDATA[Forex]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[FX]]></category>
		<category><![CDATA[JDFX]]></category>
		<category><![CDATA[ponzi]]></category>
		<category><![CDATA[pyramid]]></category>
		<category><![CDATA[Regulation]]></category>
		<category><![CDATA[retail brokers]]></category>
		<category><![CDATA[trading]]></category>
		<category><![CDATA[Trevor Cook]]></category>

		<guid isPermaLink="false">http://forexmagnates.com/?p=3638</guid>
		<description><![CDATA[The formerly high-flying trader says he bilked more than 1,000 investors of at least $190 million in a currency fraud &#8211; Star Tribune reports. Minneapolis money manager Trevor Cook, who rose from sports bookie in college to multimillion-dollar commodities trader, &#8230;<br/> <a href="http://forexmagnates.com/trevor-cook-admits-to-190-million-scam/" class="readmore">Read more</a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>FxPulp/Crown Forex ownership saga continues</title>
		<link>http://forexmagnates.com/fxpulpcrown-forex-ownership-saga-continues/</link>
		<comments>http://forexmagnates.com/fxpulpcrown-forex-ownership-saga-continues/#comments</comments>
		<pubDate>Thu, 08 Apr 2010 08:16:37 +0000</pubDate>
		<dc:creator>Michael Greenberg</dc:creator>
				<category><![CDATA[Brokers]]></category>
		<category><![CDATA[Crown Forex]]></category>
		<category><![CDATA[foreign exchange]]></category>
		<category><![CDATA[Forex]]></category>
		<category><![CDATA[forex brokers]]></category>
		<category><![CDATA[FX]]></category>
		<category><![CDATA[fxpulp]]></category>
		<category><![CDATA[Ibrahim Hassanein]]></category>
		<category><![CDATA[Regulation]]></category>
		<category><![CDATA[retail brokers]]></category>
		<category><![CDATA[retail volume]]></category>
		<category><![CDATA[Saed Al-Qadomi]]></category>
		<category><![CDATA[Said Al-Salem]]></category>
		<category><![CDATA[trading]]></category>
		<category><![CDATA[trading software]]></category>

		<guid isPermaLink="false">http://forexmagnates.com/?p=3594</guid>
		<description><![CDATA[The following post appeared all over the web and on multiple forums couple of days ago and was probably posted by the same person as the text is identical in all cases. I&#8217;m not usually republishing these things because you &#8230;<br/> <a href="http://forexmagnates.com/fxpulpcrown-forex-ownership-saga-continues/" class="readmore">Read more</a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Crown Forex / Twin Cities case getting more and more complex</title>
		<link>http://forexmagnates.com/crown-forex-twin-cities-case-getting-more-and-more-complex/</link>
		<comments>http://forexmagnates.com/crown-forex-twin-cities-case-getting-more-and-more-complex/#comments</comments>
		<pubDate>Fri, 29 Jan 2010 11:40:00 +0000</pubDate>
		<dc:creator>Michael Greenberg</dc:creator>
				<category><![CDATA[Traders]]></category>
		<category><![CDATA[Brokers]]></category>
		<category><![CDATA[CFTC]]></category>
		<category><![CDATA[charged]]></category>
		<category><![CDATA[Crown Forex]]></category>
		<category><![CDATA[David Michael Krywenky]]></category>
		<category><![CDATA[foreign exchange]]></category>
		<category><![CDATA[Forex]]></category>
		<category><![CDATA[forex brokers]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[FX]]></category>
		<category><![CDATA[Kingz Capital Management]]></category>
		<category><![CDATA[NFa]]></category>
		<category><![CDATA[Regulation]]></category>
		<category><![CDATA[retail brokers]]></category>
		<category><![CDATA[trading]]></category>
		<category><![CDATA[Trevor Cook]]></category>
		<category><![CDATA[Twin Cities]]></category>

		<guid isPermaLink="false">http://forexmagnates.com/?p=3046</guid>
		<description><![CDATA[NFA has just ordered Kingz Capital Management Corporation (KCM) to permanently withdraw from NFA membership and permanently barred its Principal David Michael Stephen Krywenky. It appears that KCM and Krywenky were involved in the the high profile Twin Cities / &#8230;<br/> <a href="http://forexmagnates.com/crown-forex-twin-cities-case-getting-more-and-more-complex/" class="readmore">Read more</a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Crown Forex / Twin Cities Trevor Cook jailed today</title>
		<link>http://forexmagnates.com/crown-forex-twin-cities-trevor-cook-jailed-today/</link>
		<comments>http://forexmagnates.com/crown-forex-twin-cities-trevor-cook-jailed-today/#comments</comments>
		<pubDate>Mon, 25 Jan 2010 21:07:02 +0000</pubDate>
		<dc:creator>Michael Greenberg</dc:creator>
				<category><![CDATA[Traders]]></category>
		<category><![CDATA[Brokers]]></category>
		<category><![CDATA[charged]]></category>
		<category><![CDATA[Crown Forex]]></category>
		<category><![CDATA[foreign exchange]]></category>
		<category><![CDATA[Forex]]></category>
		<category><![CDATA[forex brokers]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[FX]]></category>
		<category><![CDATA[JDFX]]></category>
		<category><![CDATA[Regulation]]></category>
		<category><![CDATA[SEC]]></category>
		<category><![CDATA[trading]]></category>
		<category><![CDATA[Trevor Cook]]></category>
		<category><![CDATA[Twin Cities]]></category>

		<guid isPermaLink="false">http://forexmagnates.com/?p=2981</guid>
		<description><![CDATA[Quick recap: To those who don’t remember: Crown Forex S.A. was a forex broker based in Switzerland. On 29/05/2009 FINMA closed Crown Forex S.A because of potential liquidity problems. FINMA is investigating the company and its executives. A month later we learned &#8230;<br/> <a href="http://forexmagnates.com/crown-forex-twin-cities-trevor-cook-jailed-today/" class="readmore">Read more</a>]]></description>
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		<slash:comments>0</slash:comments>
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