Steven McCraw Accused of Aiding and Abetting Kevin White’s and KGW Capital Management’s Fraudulent Scheme Involving Revelation Forex Fund

New Orleans stockbroker fraud lawyerSteven M. McCraw is accused of aiding and abetting a fraudulent foreign currency exchange (“forex”) trading scheme, according to a complaint filed by the Securities and Exchange Commission (“SEC”).

The Peiffer Rosca securities practice attorneys Jason Kane and Joe Peiffer are investigating the matter.

McCraw provided substantial assistance to Kevin G. White and his company, KGW Capital Management LLC, in perpetrating a fraudulent scheme that raised approximately $7.4 million between September 2011 and July 2013, according to the complaint. The SEC alleges that White and KGW Capital raised investor funds through Revelation Forex, a purportedly successful “highly specialized hedge fund” that claimed to employ a low-risk, high-return forex trading strategy.

McCraw is accused of providing assistance to White by calculating alleged trading returns that were used in various Revelation Forex marketing materials and on Revelation Forex’s website, according to the complaint. McCraw is also accused of creating an “independent” website that ranked Revelation Forex as of one of the best performing forex funds in the word, according to the SEC.

McCraw also met with potential investors and solicited investments for Revelation Forex, according to the complaint.

Investigation by attorneys Rosca and Peiffer suggests the promotion of Kevin White‘s alleged scheme was made possible by the assistance of a financial institution.  Based on the evidence they have reviewed, attorneys Rosca and Peiffer believe some of the investors may be able to seek compensation for their Revelation Forex Fund investments from such financial institution.

Kevin G. White investors are encouraged to contact attorneys Jason Kane or Joe Peiffer, toll free at (585) 310-5140 for a free case evaluation.

Peiffer Wolf (1249 Posts)

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.