Forex Scams in the news in June

 
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It's become something of a monthly tradition for us at LearningMarkets.com. Every month we scour the news and provide a condensed look at forex and investing scams in the news for the previous 30 days. We do this as a reminder for everyone to always be cautious and deliberate in all your investing decisions, as there are many out there with only their own financial interests in mind.

If you are interested in learning more, be sure to read Avoiding Investment Scams

See charts, analysis, videos and data by clicking on the flags

 

 


 		 
 
  

June Forex Scams

SeekingAlpha does an article on the legitimacy (or scammishness) of Forex Auto Traders. A good read for all in the forex market.

 

http://seekingalpha.com/instablog/410749-dailyforex-com/8231-forex-auto-traders-a-scam-or-a-gold-mine

 

An Indian Minister of State had a major Rupees exchange scam that was busted this month. A politican engaging in unseemly busines? No!

 

http://www.thenews.com.pk/print1.asp?id=185120

 

We've talked about these guys before, but the SEC and CFTC sentenced two Californians who built an $80 million forex ponzi scheme.


http://online.wsj.com/article/BT-CO-20090609-714282.html

 

A UK man got six years in the slammer (or British slang equivalent) for a forex scam that promised a 48% a year return. Sound familiar?


http://www.birminghammail.net/news/worcestershire-news/2009/06/24/six-years-in-jail-for-investment-scam-97319-23962961/


 

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