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	<title>Forex Magnates &#187; pyramid</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>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>
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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>
		<category><![CDATA[retail volume]]></category>
		<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>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>
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		<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>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>
		<category><![CDATA[forex market]]></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[ponzi]]></category>
		<category><![CDATA[pyramid]]></category>
		<category><![CDATA[Regulation]]></category>
		<category><![CDATA[retail volume]]></category>
		<category><![CDATA[trading]]></category>
		<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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		</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>
		<category><![CDATA[forex scam]]></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>
		<category><![CDATA[Regulation]]></category>
		<category><![CDATA[retail brokers]]></category>
		<category><![CDATA[retail volume]]></category>
		<category><![CDATA[software]]></category>
		<category><![CDATA[talkgold]]></category>
		<category><![CDATA[trading]]></category>
		<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>
		<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[forex scheme]]></category>
		<category><![CDATA[forex trading]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[FX]]></category>
		<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>
		<category><![CDATA[retail volume]]></category>
		<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>
		<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[forex scheme]]></category>
		<category><![CDATA[forex trading]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[FX]]></category>
		<category><![CDATA[NFa]]></category>
		<category><![CDATA[ponzi]]></category>
		<category><![CDATA[pyramid]]></category>
		<category><![CDATA[Regulation]]></category>
		<category><![CDATA[trading]]></category>
		<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>
		<category><![CDATA[david ortiz]]></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>
		<category><![CDATA[forex trading]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[FX]]></category>
		<category><![CDATA[goyep international]]></category>
		<category><![CDATA[ponzi]]></category>
		<category><![CDATA[pyramid]]></category>
		<category><![CDATA[Regulation]]></category>
		<category><![CDATA[royal returns]]></category>
		<category><![CDATA[trading]]></category>

		<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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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<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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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Federal Court Freezes Assets of Larry Benny Groover, Charged by the CFTC with Operating a Forex Ponzi Scheme</title>
		<link>http://forexmagnates.com/federal-court-freezes-assets-of-larry-benny-groover-charged-by-the-cftc-with-operating-a-forex-ponzi-scheme/</link>
		<comments>http://forexmagnates.com/federal-court-freezes-assets-of-larry-benny-groover-charged-by-the-cftc-with-operating-a-forex-ponzi-scheme/#comments</comments>
		<pubDate>Thu, 17 Feb 2011 23:29:39 +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 scheme]]></category>
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		<category><![CDATA[FX]]></category>
		<category><![CDATA[larry benny groover]]></category>
		<category><![CDATA[ponzi]]></category>
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		<description><![CDATA[Washington, DC &#8211; The U.S. Commodity Futures Trading Commission (CFTC) today announced that it obtained a federal court order freezing the assets of defendant Larry Benny Groover of Gunter, Texas, charged with operating a $1.4 million foreign currency (forex) Ponzi &#8230;<br/> <a href="http://forexmagnates.com/federal-court-freezes-assets-of-larry-benny-groover-charged-by-the-cftc-with-operating-a-forex-ponzi-scheme/" class="readmore">Read more</a>]]></description>
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		<title>CFTC Obtains Asset Freeze against Keith Simmons, Deanna Salazar, Bryan Coats, Jonathan Davey and Their Companies, Charged in $35 Million Forex Ponzi</title>
		<link>http://forexmagnates.com/cftc-obtains-asset-freeze-against-keith-simmons-deanna-salazar-bryan-coats-jonathan-davey-and-their-companies-charged-in-35-million-forex-ponzi-scheme/</link>
		<comments>http://forexmagnates.com/cftc-obtains-asset-freeze-against-keith-simmons-deanna-salazar-bryan-coats-jonathan-davey-and-their-companies-charged-in-35-million-forex-ponzi-scheme/#comments</comments>
		<pubDate>Thu, 17 Feb 2011 07:37:17 +0000</pubDate>
		<dc:creator>Michael Greenberg</dc:creator>
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		<guid isPermaLink="false">http://forexmagnates.com/?p=5672</guid>
		<description><![CDATA[Washington, DC – The Commodity Futures Trading Commission (CFTC) announced that it obtained a federal court order freezing the assets held by defendants Keith F. Simmons of West Jefferson, N.C., Bryan Coats of Clayton, N.C., Jonathan Davey of Newark, Ohio, &#8230;<br/> <a href="http://forexmagnates.com/cftc-obtains-asset-freeze-against-keith-simmons-deanna-salazar-bryan-coats-jonathan-davey-and-their-companies-charged-in-35-million-forex-ponzi-scheme/" class="readmore">Read more</a>]]></description>
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