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	<title>Forex Magnates &#187; ponzi</title>
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	<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>Federal Court Orders Charlotte, NC, Couple and Their Companies to Pay $24 Million for Defrauding Customers in Forex Ponzi Scheme</title>
		<link>http://forexmagnates.com/federal-court-orders-charlotte-nc-couple-companies-pay-24-million-defrauding-customers-forex-ponzi-scheme/</link>
		<comments>http://forexmagnates.com/federal-court-orders-charlotte-nc-couple-companies-pay-24-million-defrauding-customers-forex-ponzi-scheme/#comments</comments>
		<pubDate>Wed, 02 Nov 2011 12:34:22 +0000</pubDate>
		<dc:creator>Michael Greenberg</dc:creator>
				<category><![CDATA[Regulation]]></category>
		<category><![CDATA[brenda martin]]></category>
		<category><![CDATA[Brokers]]></category>
		<category><![CDATA[CFTC]]></category>
		<category><![CDATA[charged]]></category>
		<category><![CDATA[foreign exchange]]></category>
		<category><![CDATA[Forex]]></category>
		<category><![CDATA[forex brokers]]></category>
		<category><![CDATA[forex fraud]]></category>
		<category><![CDATA[forex market]]></category>
		<category><![CDATA[forex ponzi]]></category>
		<category><![CDATA[forex scam]]></category>
		<category><![CDATA[forex scheme]]></category>
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		<category><![CDATA[gary martin]]></category>
		<category><![CDATA[NFa]]></category>
		<category><![CDATA[ponzi]]></category>
		<category><![CDATA[pyramid]]></category>
		<category><![CDATA[queen shoals]]></category>
		<category><![CDATA[queen shoals consultants]]></category>
		<category><![CDATA[queenshoals]]></category>
		<category><![CDATA[retail brokers]]></category>
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		<category><![CDATA[sidney hanson]]></category>
		<category><![CDATA[trading]]></category>

		<guid isPermaLink="false">http://forexmagnates.com/?p=9157</guid>
		<description><![CDATA[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).<br/> <a href="http://forexmagnates.com/federal-court-orders-charlotte-nc-couple-companies-pay-24-million-defrauding-customers-forex-ponzi-scheme/" class="readmore">Read more</a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>$30 Million Forex Ponzi Scheme unveiled</title>
		<link>http://forexmagnates.com/30-million-forex-ponzi-scheme-unveiled/</link>
		<comments>http://forexmagnates.com/30-million-forex-ponzi-scheme-unveiled/#comments</comments>
		<pubDate>Tue, 02 Aug 2011 14:37:35 +0000</pubDate>
		<dc:creator>Adil Siddiqui</dc:creator>
				<category><![CDATA[Regulation]]></category>
		<category><![CDATA[florida]]></category>
		<category><![CDATA[Forex]]></category>
		<category><![CDATA[forex industry report]]></category>
		<category><![CDATA[forex magnates]]></category>
		<category><![CDATA[forex magnates industry report]]></category>
		<category><![CDATA[forex magnates quarterly report]]></category>
		<category><![CDATA[forex magnates report]]></category>
		<category><![CDATA[forex report]]></category>
		<category><![CDATA[ponzi]]></category>
		<category><![CDATA[retail forex industry report]]></category>
		<category><![CDATA[retail forex report]]></category>
		<category><![CDATA[scheme]]></category>

		<guid isPermaLink="false">http://forexmagnates.com/?p=7790</guid>
		<description><![CDATA[Another one gets caught. The rise in Forex Ponzi schemes has been remarkable over the last two years.

Culprits are misuing FX trading as a front, promising returns of over 10%. David R. Lewalski, formerly of Gainesville, Fla., pleaded guilty today to mail fraud in connection with his operation of a $30 million investment fraud scheme,<br/> <a href="http://forexmagnates.com/30-million-forex-ponzi-scheme-unveiled/" class="readmore">Read more</a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>CFTC Charges Lyndon Lydell Parrilla and Green Tree Capital, with Fraud in Multi-Million Dollar Forex Scheme</title>
		<link>http://forexmagnates.com/cftc-charges-lyndon-lydell-parrilla-and-green-tree-capital-with-fraud-in-multi-million-dollar-forex-scheme/</link>
		<comments>http://forexmagnates.com/cftc-charges-lyndon-lydell-parrilla-and-green-tree-capital-with-fraud-in-multi-million-dollar-forex-scheme/#comments</comments>
		<pubDate>Fri, 15 Apr 2011 06:13:46 +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[foreign exchange]]></category>
		<category><![CDATA[Forex]]></category>
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		<category><![CDATA[forex fraud]]></category>
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		<category><![CDATA[forex ponzi]]></category>
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		<category><![CDATA[forex trading]]></category>
		<category><![CDATA[FX]]></category>
		<category><![CDATA[green tree capital]]></category>
		<category><![CDATA[Lyndon Lydell Parrilla]]></category>
		<category><![CDATA[Lyndon Parrilla]]></category>
		<category><![CDATA[ponzi]]></category>
		<category><![CDATA[Regulation]]></category>
		<category><![CDATA[retail brokers]]></category>
		<category><![CDATA[retail volume]]></category>
		<category><![CDATA[trading]]></category>

		<guid isPermaLink="false">http://forexmagnates.com/?p=6252</guid>
		<description><![CDATA[Washington, DC &#8211; The U.S. Commodity Futures Trading Commission (CFTC) today announced that it charged Lyndon Lydell Parrilla and his company, Green Tree Capital, both of Woodland Hills, Calif., with operating a fraudulent multi-million dollar foreign exchange (forex) scheme since &#8230;<br/> <a href="http://forexmagnates.com/cftc-charges-lyndon-lydell-parrilla-and-green-tree-capital-with-fraud-in-multi-million-dollar-forex-scheme/" class="readmore">Read more</a>]]></description>
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		<slash:comments>1</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>
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		<category><![CDATA[extradiction]]></category>
		<category><![CDATA[foreign exchange]]></category>
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		<category><![CDATA[forex ponzi]]></category>
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		<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>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Willie Lee Cloud and C &amp; R Financial ordered to pay $5.35 million in a forex scheme</title>
		<link>http://forexmagnates.com/willie-lee-cloud-and-c-r-financial-ordered-to-pay-5-35-million-in-a-forex-scheme/</link>
		<comments>http://forexmagnates.com/willie-lee-cloud-and-c-r-financial-ordered-to-pay-5-35-million-in-a-forex-scheme/#comments</comments>
		<pubDate>Wed, 30 Mar 2011 06:08:10 +0000</pubDate>
		<dc:creator>Michael Greenberg</dc:creator>
				<category><![CDATA[Traders]]></category>
		<category><![CDATA[Brokers]]></category>
		<category><![CDATA[C & R Financial]]></category>
		<category><![CDATA[C&R financial]]></category>
		<category><![CDATA[CFTC]]></category>
		<category><![CDATA[charged]]></category>
		<category><![CDATA[charges]]></category>
		<category><![CDATA[foreign exchange]]></category>
		<category><![CDATA[Forex]]></category>
		<category><![CDATA[forex brokers]]></category>
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		<category><![CDATA[forex ponzi]]></category>
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		<category><![CDATA[fraud]]></category>
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		<category><![CDATA[ponzi]]></category>
		<category><![CDATA[pyramid]]></category>
		<category><![CDATA[Regulation]]></category>
		<category><![CDATA[retail volume]]></category>
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		<category><![CDATA[willie cloud]]></category>
		<category><![CDATA[willie lee cloud]]></category>

		<guid isPermaLink="false">http://forexmagnates.com/?p=6029</guid>
		<description><![CDATA[Cloud pled guilty to Texas criminal felony charge and faces sentencing on April 20. Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that a federal court entered a default judgment order requiring defendants Willie L. Cloud, &#8230;<br/> <a href="http://forexmagnates.com/willie-lee-cloud-and-c-r-financial-ordered-to-pay-5-35-million-in-a-forex-scheme/" class="readmore">Read more</a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>German Cardona Soler, Associated With Forex Scam Pushed On TalkGold And MoneyMakerGroup, Arrested Over Alleged $300 Million Forex Ponzi</title>
		<link>http://forexmagnates.com/german-cardona-soler-associated-with-forex-scam-pushed-on-talkgold-and-moneymakergroup-arrested-over-alleged-300-million-forex-ponzi/</link>
		<comments>http://forexmagnates.com/german-cardona-soler-associated-with-forex-scam-pushed-on-talkgold-and-moneymakergroup-arrested-over-alleged-300-million-forex-ponzi/#comments</comments>
		<pubDate>Mon, 28 Mar 2011 11:23:36 +0000</pubDate>
		<dc:creator>Michael Greenberg</dc:creator>
				<category><![CDATA[Traders]]></category>
		<category><![CDATA[Brokers]]></category>
		<category><![CDATA[charged]]></category>
		<category><![CDATA[finanzas]]></category>
		<category><![CDATA[finanzas forex]]></category>
		<category><![CDATA[finanzasforex]]></category>
		<category><![CDATA[foreign exchange]]></category>
		<category><![CDATA[Forex]]></category>
		<category><![CDATA[forex brokers]]></category>
		<category><![CDATA[forex fraud]]></category>
		<category><![CDATA[forex market]]></category>
		<category><![CDATA[forex ponzi]]></category>
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		<category><![CDATA[FX]]></category>
		<category><![CDATA[german cardona soler]]></category>
		<category><![CDATA[HYIP]]></category>
		<category><![CDATA[moneymaker]]></category>
		<category><![CDATA[moneymakergroup]]></category>
		<category><![CDATA[ponzi]]></category>
		<category><![CDATA[pyramid]]></category>
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		<category><![CDATA[retail brokers]]></category>
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		<category><![CDATA[software]]></category>
		<category><![CDATA[talkgold]]></category>
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		<category><![CDATA[trading software]]></category>

		<guid isPermaLink="false">http://forexmagnates.com/?p=6003</guid>
		<description><![CDATA[It&#8217;s about time someone put a stop to this notorious HYIP forex scam called Finanzas Forex, one that was very very popular in South America and other Spanish speaking countries. Spanish National Police have arrested German Cardona Soler in a &#8230;<br/> <a href="http://forexmagnates.com/german-cardona-soler-associated-with-forex-scam-pushed-on-talkgold-and-moneymakergroup-arrested-over-alleged-300-million-forex-ponzi/" class="readmore">Read more</a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>CFTC Charges Florida Couple and Queen Shoals Consultants with Defrauding Forex Customers of More than $1.44 Million</title>
		<link>http://forexmagnates.com/cftc-charges-florida-couple-and-queen-shoals-consultants-with-defrauding-forex-customers-of-more-than-1-44-million/</link>
		<comments>http://forexmagnates.com/cftc-charges-florida-couple-and-queen-shoals-consultants-with-defrauding-forex-customers-of-more-than-1-44-million/#comments</comments>
		<pubDate>Fri, 18 Mar 2011 01:09:29 +0000</pubDate>
		<dc:creator>Michael Greenberg</dc:creator>
				<category><![CDATA[Traders]]></category>
		<category><![CDATA[brenda martin]]></category>
		<category><![CDATA[Brokers]]></category>
		<category><![CDATA[CFTC]]></category>
		<category><![CDATA[charged]]></category>
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		<category><![CDATA[Forex]]></category>
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		<category><![CDATA[forex fraud]]></category>
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		<category><![CDATA[forex ponzi]]></category>
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		<category><![CDATA[gary martin]]></category>
		<category><![CDATA[NFa]]></category>
		<category><![CDATA[ponzi]]></category>
		<category><![CDATA[pyramid]]></category>
		<category><![CDATA[queen shoals]]></category>
		<category><![CDATA[queen shoals consultants]]></category>
		<category><![CDATA[queenshoals]]></category>
		<category><![CDATA[Regulation]]></category>
		<category><![CDATA[retail brokers]]></category>
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		<category><![CDATA[sidney hanson]]></category>
		<category><![CDATA[trading]]></category>

		<guid isPermaLink="false">http://forexmagnates.com/?p=5935</guid>
		<description><![CDATA[Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that it charged Gary D. Martin and his wife, Brenda K. Martin of St. Augustine, Fla. (collectively, the Martins), and their company, Queen Shoals Consultants, LLC (QSC), of &#8230;<br/> <a href="http://forexmagnates.com/cftc-charges-florida-couple-and-queen-shoals-consultants-with-defrauding-forex-customers-of-more-than-1-44-million/" class="readmore">Read more</a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Federal Court Orders Dennis Todd Hagemann and Yellowstone Partners to Pay $1.6 Million for Defrauding Investors in a Forex Ponzi</title>
		<link>http://forexmagnates.com/federal-court-orders-dennis-todd-hagemann-and-yellowstone-partners-to-pay-1-6-million-for-defrauding-investors-in-a-forex-ponzi/</link>
		<comments>http://forexmagnates.com/federal-court-orders-dennis-todd-hagemann-and-yellowstone-partners-to-pay-1-6-million-for-defrauding-investors-in-a-forex-ponzi/#comments</comments>
		<pubDate>Thu, 10 Mar 2011 19:26:15 +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[dennis hagemann]]></category>
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		<category><![CDATA[ponzi]]></category>
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		<category><![CDATA[yellowstone partners]]></category>

		<guid isPermaLink="false">http://forexmagnates.com/?p=5866</guid>
		<description><![CDATA[Exactly a year has passed since CFTC lodged the charges and now they were able to receive a court ruling. Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained a federal default judgment order &#8230;<br/> <a href="http://forexmagnates.com/federal-court-orders-dennis-todd-hagemann-and-yellowstone-partners-to-pay-1-6-million-for-defrauding-investors-in-a-forex-ponzi/" class="readmore">Read more</a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>CFTC Charges David Ortiz and his Companies, Goyep International and Royal Returns with a Forex Scam</title>
		<link>http://forexmagnates.com/cftc-charges-david-ortiz-and-his-companies-goyep-international-and-royal-returns-with-a-forex-scam/</link>
		<comments>http://forexmagnates.com/cftc-charges-david-ortiz-and-his-companies-goyep-international-and-royal-returns-with-a-forex-scam/#comments</comments>
		<pubDate>Tue, 01 Mar 2011 04:30:45 +0000</pubDate>
		<dc:creator>Michael Greenberg</dc:creator>
				<category><![CDATA[Traders]]></category>
		<category><![CDATA[CFTC]]></category>
		<category><![CDATA[charges]]></category>
		<category><![CDATA[david l ortiz]]></category>
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		<guid isPermaLink="false">http://forexmagnates.com/?p=5774</guid>
		<description><![CDATA[Federal court freezes defendants’ assets and protects books and records. Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that it filed an anti-fraud enforcement action against defendants David L. Ortiz of Vero Beach, Fla., and his &#8230;<br/> <a href="http://forexmagnates.com/cftc-charges-david-ortiz-and-his-companies-goyep-international-and-royal-returns-with-a-forex-scam/" class="readmore">Read more</a>]]></description>
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		<title>CFTC Charges Randall Lynn Stuckey with Soliciting at Least $2.8 Million in Forex Fraud</title>
		<link>http://forexmagnates.com/cftc-charges-randall-lynn-stuckey-with-soliciting-at-least-2-8-million-in-forex-fraud/</link>
		<comments>http://forexmagnates.com/cftc-charges-randall-lynn-stuckey-with-soliciting-at-least-2-8-million-in-forex-fraud/#comments</comments>
		<pubDate>Wed, 23 Feb 2011 07:31:25 +0000</pubDate>
		<dc:creator>Michael Greenberg</dc:creator>
				<category><![CDATA[Traders]]></category>
		<category><![CDATA[CFTC]]></category>
		<category><![CDATA[charged]]></category>
		<category><![CDATA[foreign exchange]]></category>
		<category><![CDATA[Forex]]></category>
		<category><![CDATA[forex brokers]]></category>
		<category><![CDATA[forex fraud]]></category>
		<category><![CDATA[forex ponzi]]></category>
		<category><![CDATA[forex scam]]></category>
		<category><![CDATA[forex scheme]]></category>
		<category><![CDATA[forex trading]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[FX]]></category>
		<category><![CDATA[Oakwood Development Company L.P]]></category>
		<category><![CDATA[ponzi]]></category>
		<category><![CDATA[pyramid]]></category>
		<category><![CDATA[randally lynn stuckey]]></category>
		<category><![CDATA[Regulation]]></category>
		<category><![CDATA[Stuckey Group II L.P.]]></category>
		<category><![CDATA[Stuckey Group L.P]]></category>
		<category><![CDATA[trading]]></category>

		<guid isPermaLink="false">http://forexmagnates.com/?p=5723</guid>
		<description><![CDATA[Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that it filed an anti-fraud civil lawsuit charging defendants Randall Lynn Stuckey of St. Peters, Mo., and his Missouri-based business entities, Stuckey Group, L.P., Stuckey Group II, L.P. &#8230;<br/> <a href="http://forexmagnates.com/cftc-charges-randall-lynn-stuckey-with-soliciting-at-least-2-8-million-in-forex-fraud/" class="readmore">Read more</a>]]></description>
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