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Tag Archives: Market Traders Institute

U.S. Government Officially Closes its Investigation into Market Traders Institute and the Martinez Family

Nov
22
2011
Posted by Michael Greenberg in Traders
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Earlier this year I wrote about David Smith’s massive forex ponzi scam. In March 2011 David Smith accused of bilking thousands of investors out of more than $220 million, pleaded guilty to nearly two-dozen charges in Orlando federal court. David Smith was a principal at then active NFA FCM I-Trade which was owned by the Martinez family.
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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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Another forex scammer to pay the price – David Smith faces extradition to the US

Sep
6
2010
Posted by Michael Greenberg in Brokers,Traders
0 Comments

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 …
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