Topic
forex
2 stories
Court Hits Louisiana Forex Operator With $9.2 Million Penalty in Ponzi-Style Fraud
A federal court ordered Louisiana forex operator Michael DePetrillo and two companies to pay a $9.2 million penalty for a Ponzi-like scheme that misappropriated more than $3 million from retail traders.
CFTC Sues Cash FX Group Over Alleged $950M Forex Ponzi That Promised 15% Weekly Returns
The CFTC sued Cash FX Group, its CEO Huascar Jose Lopez Castillo, and three others on September 25, 2026, alleging a $950 million forex Ponzi scheme that promised up to 15% weekly returns and left participants down at least $406 million.