$75 mln forex Ponzi scam revealed in the US
Posted: Tue May 07, 2019 12:11 am
The Commodity Futures Trading Commission (CFTC) in the US has filed charges against has filed charges against Florida based Oasis International Group, Oasis Management and Satellite Holdings along with their owners for running a 75 million USD Ponzi scheme, concealed as forex investment program.
Five people have been charged with running the Ponzi forex trading scheme that has stinged 700 American investors since 2011.
Scammers lured their victims with promises of above average returns with nearly zero risk - Oasis Pools promised 12% guaranteed annual returns, misleading investors that it has realized 21% returns in 2018 and 22% in 2017, without a single month in the red.
Five people have been charged with running the Ponzi forex trading scheme that has stinged 700 American investors since 2011.
Scammers lured their victims with promises of above average returns with nearly zero risk - Oasis Pools promised 12% guaranteed annual returns, misleading investors that it has realized 21% returns in 2018 and 22% in 2017, without a single month in the red.
