Illinois Man Found Guilty of Fraudulently Enriching Himself Through Forex Investment Scheme
A federal jury in Chicago found an Illinois man guilty on Thursday of defrauding investors by falsely promising substantial returns through foreign exchange trading. Instead of investing their money, he diverted a large portion of the funds for personal use, despite being prohibited from trading securities in the state. The man was accused of enticing investors with misleading claims about his trading expertise and profitability in the forex market. Prosecutors emphasized that he failed to disclose his history of regulatory bans, which included restrictions prohibiting him from engaging in any securities trading. Over the course … Read more