Denari Capital owners charged with $8,3 mln forex fraud

Broker Discussion
1

The Commodity Futures Trading Commission (CFTC) has started legal action against the California based Denari Capital, LLC, along with its owners Travis Capson and Arnab Sarkar for allegedly committing a 8.3 million USD foreign exchange fraud, soliciting funds from at least 28 victims.

According to the complaint filed with the U.S. District Court for the Northern District of California the scheme was run since at least 2012 and the funds were collected through a pooled investment scheme.

CFTC notes that Capson and Sarkar “fraudulently solicited participants and prospective participants by willfully or recklessly making material misrepresentations concerning the past profitability of Denari’s forex trading and the profits its participants were making. The defendants also allegedly issued false account statements to participants that misrepresented the profitability of their respective interests in the pool.”

2

Wow, simply WOW, I assumed that such things are already kind of the past anyway for whatever reason out there. How else you should really be making this ? Are you still able to be so much retarted ? And especially this going on in US which is totally damn bad.

3

Scams will never go in the past. There will always be greedy sociopaths willing to exploit and take advantage of greedy naive people. It’s just human nature, unfortunately.