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Cypriot FX boss Anthony Constantinou found guilty in absentia of £70M forex fraud
City of London police have announced that a man who ran a ponzi-style investment scam worth in excess of £70 million in the City of London has been found guilty following a seven week-long trial. Anthony Constantinou, 41, a Cypriot and UK citizen, ran Capital World Markets (CWM) which offered investors remarkable returns of 60% per year on allegedly risk-free foreign exchange (FX) markets. Constantinou was found guilty of seven counts of fraud by false representation, fraudulent trading and money laundering at Southwark Crown Court on Monday 22nd May 2023. Detective Inspector Nichola Meghji, from the City of London ... (full story)