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

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.

Oasis International Group Limited, with offices at 444 Gulf of Mexico Drive, Longboat Key, was accused in federal court of fraudulently soliciting and misappropriating money from more than 700 U.S. residents for a pooled investment in the foreign exchange market, known as “forex.”