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Currency+trading News

Illinois men sentenced for stealing in fraud scheme

CHICAGO — Two suburban Chicago men have been sentenced to prison for stealing millions of dollars from their now-defunct foreign currency trading company.

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Feds: 2 sentenced for stealing $17 million in fraud

Two north suburban men were sentenced to federal prison for stealing $17 million from their now-collapsed foreign currency trading firm in a Ponzi-like scheme to support lavish lifestyles including financing a movie and spending $1 million on a strip club, authorities announced today.

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Iran May Seek Death Penalty For Currency Speculators

Iran is struggling to control black market currency trading as the riyal plummets against the dollar following U.S. sanctions. The current market rate stands at around 18,800 rials per dollar, which compares to the official rate of around 11,500 rials.

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2 sentenced for stealing millions in fraud scheme

Two suburban Chicago men have been sentenced to prison for stealing millions of dollars from their now-defunct foreign currency trading company.

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A Beginners Guide to Currency Spread Betting

LONDON, January 31, 2012 /PRNewswire/ --Also known as Forex or FX for short, foreign exchange trading is one of the most widely traded markets in the world. However, currency spread betting allows traders ...

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