Defendant in alleged $75M fraud bought a Maserati, houses

Federal regulators say more than $47 million of a $75 million scheme was improperly spent; the rest was lost in the market.

  • By Business Observer Staff
  • | 8:10 p.m. April 23, 2019
  • Manatee-Sarasota
  • Share

A financial trading company with an office on Longboat Key has been charged in federal court with operating a $75 million foreign currency exchange scheme that misappropriated more than $47 million — and lost the rest.

 

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