Tag: Ponzistyle

British forex boss convicted for $62mln Ponzi-style fraud

British forex boss convicted for $62mln Ponzi-style fraud

LONDON, May 22 (Reuters) - A British foreign exchange company boss who used investors' cash to fund a luxury lifestyle was convicted in a London court [...]
UK forex boss convicted after masterminding multimillion pound ‘Ponzi-style’ scheme

UK forex boss convicted after masterminding multimillion pound ‘Ponzi-style’ scheme

A former financier who defrauded investors, promising them “remarkable returns”, was convicted on Monday of masterminding a £70mn Ponzi-style s [...]
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