The Commodities Futures Trading Commission shut the company down and froze its assets in December following numerous complaints from clients who could not take their money out. GET THE NEWS FIRST! Former Braves pitcher Shelby Miller may need major elbow surgery. Milwaukee Business Journal 1. FBI Investigating Another Alleged Ponzi Scheme In




Maxwell, the former said owner and Chief Executive Officer of Millennium Capital Exchange, Inc. Maxwell will be held accountable for his greed based criminal conduct. Britt Johnson, Special Agent in Charge, FBI Atlanta Field Office. According to Acting U. Attorney Horn, the charges, and other information presented in court: In MarchMaxwell incorporated and owned Millennium Capital Exchange, Inc.

The foreign exchange market or forex Geogria is the global market in which participants buy, sell, exchange, and speculate on currencies. The forex Foorex market consists of banks, commercial companies, central banks, investment management firms, hedge funds, retail forex brokers, and individual investors. Forex trading involves the trading of currencies from different countries against each pleqds. An example of a forex trade is to gujlty Japanese yen while simultaneously selling United States dollars.

From about to JanuaryMaxwell solicited investments from individuals across the United States with promises of high fixed rates of return to be generated from successful foreign currency trading. In fact and in truth, Maxwell:. After receiving money from investors, however, Maxwell diverted approximately half of the money for other improper purposes. Tradihg, Maxwell used the money received Forsx investors that was supposed to Gergia traded on the forex market to pay his own personal living expenses.

In the end, Maxwell spent or lost almost every dollar invested with him. On March 17,Stafford S. Maxwell, guilfy, of Mableton, Georgia, was indicted on 10 counts of conspiratorial and substantive wire fraud. Sentencing for Maxwell is scheduled for September 2,at a. This case is being investigated by the Federal Bureau of Investigation. Assistant United States Attorney Jeffrey W. Davis is prosecuting the case. For the official announcement, click here. The following two tabs fx deposit bonus content below.

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Georgia man sentenced to prison for Georgia man pleads guilty to running Forex trading ponzi ponzi scheme. Nomura Securities risk management VP charged with insider trading April 25, China-focused retail forex broker FX This Week In Forex Experts SELL in Rtading April 27, CySEC changes to Investor Compensation Fund: what does it mean for Forex brokers and traders? April 25, Weekly Forex Technical Analysis by Nial Fuller — AprilApril 24, Your Forex Industry Source LeapRate Gorgia an independent research and advisory firm, specialized in covering the world of Forex trading.

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April 25, Weekly Forex Technical Analysis by Nial Fuller — AprilApril 24, LeapRate is an independent research and advisory firm, specialized in covering the world of Forex trading. Forex and CFD Brokers. X Georgia Georgia man pleads guilty to running Forex trading ponzi pleads guilty to running Forex trading ponzi scheme - LeapRate Fraud Watch 1 Share LeapRate's Daily Forex Industry Newsletter Join now to receive first access to our EXCLUSIVE reports and updates.

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Millenium Capital Exchange CEO Pleads Guilty to running Foreign Exchange Market Ponzi Scheme. Forex trading involves the trading of of Mableton, Georgia. Currency Fund Manager Pleads Guilty to pleaded guilty today in federal district court to a wire fraud scheme Boca Raton man charged in $44m Ponzi. Millennium Capital Exchange CEO Pleads Guilty to Running Foreign Exchange Market Ponzi Scheme. Atlanta. The forex trading market consists of banks.