CFTC charges CapitalStreet over $1.3m ponzi scheme
WASHINGTON, DC - The US Commodity Futures Trading Commission (CFTC) has charged CapitalStreet Financial and its principal, Sean Mescall, with running a foreign exchange ponzi scheme that solicited at least $1.3 million from investors.
Mescall and his company are also charged with misappropriating approximately $875,000 of customer funds, after luring around 69 customers into trade-managed FX accounts, promising up to 80% in annual returns. The CFTC alleges that, since September 2006
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