Dorian Garcia—Fraud and Registration Violations

Cleveland stockbroker fraud lawyer

Dorian Garcia and His Companies, DG Wealth Management, Macroquantum Capital LLC, and UKUSA Currency Fund LP Allegedly Engaged in FOREX Fraud and Registration Violations Dorian Garcia and his companies DG Wealth Management, Macroquantum Capital LLC, and UKUSA Currency Fund LP,  all of Naples, Florida, allegedly engaged in fraud and registration violations involving their FOREX operations,… Read more »

Mark E. Rice Sanctioned for Fraudulent Forex Scheme

Mark E. Rice, of Sugar Land, Texas, was ordered to pay $827,000 in restitution and a $673,000 monetary penalty to settle U.S. Commodity Futures Trading Commission charges regarding fraudulent solicitation and misappropriation of customers’ funds to trade leveraged off-exchange foreign currency (forex) contacts. Rice also had permanent trading and registration bans imposed against him as… Read more »

Ron McCullough and David Mayhew Charged with Fraud

Ron E. McCullough and David C. Mayhew (also known as David Mahew) defrauded investors in connection with leveraged or margined off-exchange foreign currency (forex) trading, according to a complaint filed by the United States Commodity Futures Trading Commission (CFTC). McCullough and Mayhew oversaw the fraudulent solicitation of approximately $2.3 million from at least 11 investors… Read more »

Texas Partners-in-Crime Defraud Investors in Forex Scheme, Sentenced to Prison

Chris Cornett and Heidi Beyer have been sentenced to 40 years and six years, respectively, in federal prison, by U.S. District Judge Sam Sparks in Austin, Texas.  Cornett and Beyer were accused of stealing over $10.6 million from more than 100 investors nationwide. Yet another forex scheme has hit the dust, its investors left pennyless… Read more »