LeapRate FX Fraud Watch – Nicholas Trimble
LeapRate FX Fraud Watch explained by professional Forex trading experts the “LeapRate FX Fraud Watch ” FX trading team.
LeapRate FX Fraud Watch
The CFTC has fined Colorado-based Nicholas Trimble and his two companies Capstone FX Quantitative Analysis Inc. and Beekeepers Fund Capital Management LLC a total of $3.5 million in a foreign currency fraud action. The order also permanently bans Trimble from engaging in any commodity-related activity, including trading and registering with the CFTC.
This is a good one — the CFTC’s original complaint against Trimble and his companies charged them with fraudulently soliciting and accepting more than $1.1 million from customers to trade FX using an automated FX trading system called the “Gladiator system.” The Complaint further alleged that Trimble made false representations to customers regarding their trading success, and misappropriated approximately $441,000 of customer funds — and used the money for gambling at Las Vegas casinos and for Trimble’s personal expenses.
LeapRate FX Fraud Watch Conclusion
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