Search Result (39 Snaps)

Lessons Learned From Refco’s Fraud and Bankruptcy | PL: 8  Category: Financial Fraud | Comments (0) 2010-08-17 12:12:34 Natural size Lessons Learned From Refco’s Fraud and Bankruptcy Online forex trading has exploded in recent years, with retail trading accounts becoming widely accepted and automated forex trading also becoming increasingly popular. A slew of online forex brokers will now open an account with as little as $1 in some cases. Yet the increasing availability of forex trading to the retail market brings the risk of fraud as wily brokers, account managers and just plain scammers look to profit from the ignorance and greed of others who want access to the huge...   Tags: fraud, bankruptcy, forex broker, forex trading   Member: ForexFraud | 29 Snaps

Beware of Unrealistic Returns | PL: 10  Category: General | Comments (0) 2010-07-26 07:57:06 Natural size Beware of Unrealistic Returns rading forex generally involves a substantial risk of loss, as well as high potential returns. As a result, if any company you are considering investing with claims to be able to offer you guaranteed high profits by trading forex, then you would be wise to be suspicious of a potential fraud. Forex scams offering unrealistic returns will often play on an individual’s greed, in addition to their desire to earn lots of money without making much of an effort to do so. Although the offer of...   Tags: High Yield Investment Plans, HYIPs, forex scam, forex fraud   Member: ForexFraud | 29 Snaps

Beware of Free EAs Repackaged as Commercial Robots like USDBot | PL: 10  Category: Financial Fraud | Comments (0) 2010-07-23 08:52:17 Beware of Free EAs Repackaged as Commercial Robots like USDBot The growing market in “expert advisor” software or EAs, also called forex trading robots, has proved a fertile breeding ground for forex fraud. Self-styled EA “developers” — who actually seem to act more like hyper active marketers — still seem to be making outrageous profitability claims in an attempt to market their faulty products to those unfamiliar with trading robot scams. This can end up costing a would-be forex trader not only their purchase price, but any funds they might lose...   Tags: free EAs, commercial robots, USDBot, forex fraud   Member: ForexFraud | 29 Snaps

Fiat Currency: The Biggest Forex Fraud Ever? | PL: 14  Category: Financial Fraud | Comments (0) 2010-07-19 07:47:02 Fiat Currency: The Biggest Forex Fraud Ever? In today’s day and age, the concept of what money actually represents has faded somewhat from public consciousness. Money that was based on gold or silver used to have intrinsic value due to its precious metal content. Nevertheless, these days comparatively few people have any notion that the so-called fiat or paper currencies that they use as money on a daily basis in their countries are really only worth the value of the paper used in their production once public faith in the issuer...   Tags: Fiat Currency, Forex Fraud, Bretton Woods System   Member: ForexFraud | 29 Snaps

Forex Broker Sigma Forex Accused of Scamming Clients | PL: 12  Category: Financial Fraud | Comments (0) 2010-07-12 07:57:15 Forex Broker Sigma Forex Accused of Scamming Clients A U.K.-based forex brokerage by the name of Sigma Forex has recently taken its well deserved place in the forex hall of shame. The company seemingly turned out to be just another fraudulent forex broker that disappears into the night taking their client’s money with them and leaving a long string of customer complaints in their wake. Background on Sigma Forex According to online sources, Sigma Forex’s real corporate name is SIGMAREX LIMITED based out of London, England. The company was...   Tags: Sigma Forex, Forex Fraud, SIGMAREX   Member: ForexFraud | 29 Snaps

INVESTMENT FRAUD UPDATE: SEC FILINGS AND SCUM IN THE GULF | PL: 15  Category: Financial Fraud | Comments (0) 2010-06-29 08:16:17 Natural size INVESTMENT FRAUD UPDATE: SEC FILINGS AND SCUM IN THE GULF Summer is upon us, and as predictable as summer showers, the criminal element in our society continues to rain down their latest renditions on old themes of investment related thievery. However, law enforcement authorities have been gearing up for the occasion and are actively filling up court dockets around the nation with criminal complaints. Here is a review of recent activities to thwart the deceptive designs of the unscrupulous. SEC Update In a highly publicized press conference back...   Tags: fraud, SEC, financal fraud   Member: ForexFraud | 29 Snaps

GCI Financial: Another Fraudulent Forex Broker? | PL: 14  Category: Financial Fraud | Comments (0) 2010-06-28 08:26:51 GCI Financial: Another Fraudulent Forex Broker? Found online at gcitrading.com, the forex broker and market maker GCI Financial admittedly has a great web presence. In addition to forex, the website claims that a customer can trade commodities, securities and Contracts for Difference or CFDs using a trading account via GCI. The GCI Website A truly impressive looking website with all the trimmings, this forex broker clearly spared no expense when developing a professional online presence. The online broker prominently features...   Tags: GCI Financial, Forex Broker, Fraud   Member: ForexFraud | 29 Snaps

Avoiding Potential Forex Trading Robot Frauds | PL: 19  Category: Financial Fraud | Comments (0) 2010-06-24 09:05:59 Natural size Avoiding Potential Forex Trading Robot Frauds Forex trading robots have a well established place as one of the most popular software product types designed for the personal forex market. Many of these robots are priced under $150, and they often run as so-called Expert Advisors within popular forex trading platforms like MetaTrader4. Unfortunately, many people who purchase these products subsequently express strong disappointment that the automated forex trading software they bought just does not perform as they were led to believe it...   Tags: Forex Trading Robot Frauds, Forex Frauds, Trading Robots, EA   Member: ForexFraud | 29 Snaps

Amasis Capital Management — A Forex Fraud? | PL: 24  Category: Financial Fraud | Comments (0) 2010-06-23 07:42:11 Amasis Capital Management — A Forex Fraud? Managed forex trading accounts provide fertile ground for a forex fraud to grow in, and unfortunately this has been the case for a number of years. One especially questionable company purporting to manage forex accounts for investors goes by the name of Amasis Capital Management Ltd. Concerns Over Amasis Capital’s Location Apparently, Amasis Capital Management is run by Michael Atkins of Wilmington, Delaware where the company claims to have been incorporated, according to a FAQ...   Tags: forex fraud, Amasis Capital Management, financial fraud   Member: ForexFraud | 29 Snaps

TrueFXSignals – Less True and More Scam? | PL: 14  Category: Financial Fraud | Comments (0) 2010-06-17 08:36:56 TrueFXSignals – Less True and More Scam? Usually, when the first thing stated on a forex website involves something like 'You Can Trust Us With Your Money', a number of cautionary forex fraud red flags will immediately go up. TrueFxSignals provides unsuspecting forex traders with one such website. One of the features of TrueFxSignals which immediately struck a sour chord was the fact that, despite charging an exorbitant $199 per month for their signal service, the company either cannot or will not pay for a decent website,...   Tags: TrueFXSignals, forex scam, forex fraud   Member: ForexFraud | 29 Snaps