CFTC continues FX fraud crusade
One order, issued on July 1, alleges that James Darren Moore and his firm JDM Investments in North Carolina took $1.2 million from customers to trade FX futures, but deposited only $634,000 in a trading account. From October 2001 to December 2002, the firm sustained trading losses of almost $500,000, which were hidden from customers by false account statements, the CFTC alleges.
The other two were against Acro Information Service in California and Pakco Holdings of Nevada. Florentius Chan
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