Suicide, fraud, arrests, Chinese investors and Forex: the sad story of EuroFX
Reuters has published an investigative article entitled London Calling: How British firms built a pyramid scheme in China that lost millions, which describes a network of opaque companies that drew on London’s reputation as a leading financial center, and the illusion of regulation, to dupe Chinese investors.
To the tune of $1 billion.
The story has all the elements of a great (but sad) saga. Fraud. Deception. Denials. Arrests. And Suicide.
And, a very slick FX saleslman named David Andrew Byrne, currently being detained in China.
There's even a YouTube video showing Byrne openly misleading and defrauding investors, while asking them if they love EuroFX.
https://www.leaprate.com/2016/08/sui...ory-of-eurofx/
Reuters has published an investigative article entitled London Calling: How British firms built a pyramid scheme in China that lost millions, which describes a network of opaque companies that drew on London’s reputation as a leading financial center, and the illusion of regulation, to dupe Chinese investors.
To the tune of $1 billion.
The story has all the elements of a great (but sad) saga. Fraud. Deception. Denials. Arrests. And Suicide.
And, a very slick FX saleslman named David Andrew Byrne, currently being detained in China.
There's even a YouTube video showing Byrne openly misleading and defrauding investors, while asking them if they love EuroFX.
https://www.leaprate.com/2016/08/sui...ory-of-eurofx/
