SEC Seizes $4.3 Million FX Ponzi Schemes

The Securities and Exchange Commission (SEC) recently filed charges against John Fernandez, 26 years old, and his two companies – Avail Progression and Elite Generators – for functioning with unregistered and fraudulent forex trading plans. Last Friday, the official charges revealed that Fernandez and his businesses had allegedly defrauded more than 100 investors out of …

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