Steven McCraw Accused of Aiding and Abetting Kevin White’s and KGW Capital Management’s Fraudulent Scheme Involving Revelation Forex Fund
Steven 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 Alan Rosca 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 Alan Rosca or Joe Peiffer, toll free at 888-998-0520 for a free case evaluation.