FxWinning Ltd., CFT Solutions LLC and their leadership allegedly defrauded investors of $26 million after promising them high returns on foreign exchange trading while pocketing their assets, a suit says.
The companies and their executives allegedly touted a high-frequency trading system for the foreign exchange market and told investors that client funds would be separated from company accounts, soliciting millions of dollars of investments. But they misled investors that FxWinning was a registered broker and that they could withdraw their account balance at any time, investors say in the complaint filed Thursday in US District Court for the Southern District ...
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