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  • Court appoints liquidators at Forex broker BlackfortFX (Arena Capital)

    From leaprate.com

    A New Zealand court has agreed with BlackfortFX’s receivers from KordaMentha that the company should be liquidated. A New Zealand court today agreed with an application by KordaMentha, receivers of the assets of troubled Forex company BlackfortFX (Arena Capital Limited), and appointed liquidators at the broker. Under today’s legal ruling, Neale Jackson and Grant Graham from KordaMentha were appointed liquidators by the court under the Companies Act 1993. The decision is set to make it easier for funds to be released and for the compensation procedure to start. The broker is estimated to owe its 1,100 clients ... (full story)

  •  Guest
  • | IP X.XXX.212.210
They were NOT brokers.
Just a PONZI

The receivers will be looking to reclaim some clients winnings!
"Those clients of the broker who have received sums dubbed as profits will have to promptly return the money to KordaMentha."

What about sums dubbed as losses?
Will those clients get it back?
It's a good thing I've already withdrew my profits of $10,000,000 and spent it all in one place.
I took all my profits and shovelled them straight into Alpari....
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  •  Guest
  • | IP XX.XXX.247.184
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  • Story Stats
  • Posted: Jul 24, 2015 7:17am
  • Submitted by:
     Newsstand
    Category: Forex Industry News
    Comments: 3  /  Views: 1,935