Ponzi Scheme Promised 15% Weekly Returns, Delivered $406 Million in Losses Instead, CFTC SaysThe Fraud, By the Numbers Federal regulators say four men ran a forex trading scam that pulled in nearly $1 billion from everyday investors. Almost all of that money never touched a currency market — it went straight into the pockets of the people running the operation. Participants who bought in are now out at CFTC charges Cash FX Group, CEO Huascar…USA Herald12d agoWhole story →EconomyJusticecftc forex scam charges
Kia Boyz Insurers Lawsuits Cleared to Proceed After Appeals Court ReversalSometimes a viral internet trend leaves behind more than just embarrassing headlines — it leaves behind a billion-dollar mess. American insurers can now sue South Korean automakers over payouts tied to thousands of stolen Kias and Hyundais, the U.S. 9th Circuit Court of Appeals ruled Monday, directing a federal judge in Santa Ana to reopen Kia Boyz…USA Herald23d agoWhole story →TechnologyJustice
