View full page at forexfactory.com

 

Trader goes missing after £130m of clients' cash disappears

From telegraph.co.uk

A currency trader has vanished along with £130 million in investors’ cash in an alleged fraud that could be one of the biggest in recent British history. Joe Lewis, 59, is being investigated by police over almost $200 million which he claimed was in clients’ accounts but now no longer exists. It is rumoured that professional footballers and golfers have lost money in his investment scheme. In an email sent to clients a fortnight ago, Mr Lewis admitted that his company, JL Trading, had stopped operating in 2009 after suffering heavy losses on disastrous foreign exchange deals. He confessed in the email that he had ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News