'Boiler room' retail FX fraudsters face US court for high-pressure techniques
NEWS
The men were charged with both wire and mail fraud in a scheme that resulted in more than 200 retail investors losing a total of over $6.5 million. The money was funnelled into personal bank accounts in Cyprus and Russia, according to the US Attorney of the Southern District of New York.
The firm, called Holsten, Young, Parker and Associates used high-pressure sales techniques to solicit investments in its purported foreign currency trading program.
The charge sheet, which includes 28 counts
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