Five charged over $3m currency fraud

NEWS

It filed the complaint against three Miami men and two companies in the Southern district of New York court, alleging that they took part in a $3 million foreign currency options fraud.

The complaint, filed on May 19, alleges that Melvin and Larry Webman and two companies they controlled – International Forex Advisory Group (IFA Group) and Worldwide Currencies – misrepresented and misled customers and potential customers about potential profits regarding the contracts.

Lyle Wexler, who was

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