CFTC stays quiet on forex scam
On January 15, Michael MacCaull, a principal at foreign exchange trader Razor FX, was reportedly arrested by US postal inspectors on charges of mail fraud and wire fraud conspiracy.
Prosecutors allege he defrauded investors in the US, Canada, Hong Kong and the UK by using funds that the company was supposed to invest in the foreign exchange markets for living expenses.
It was reported that about $68 million had been deposited in one of the firm's bank accounts since it was opened in February last
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