Forex broker charged
Wednesday, January 23rd 2013, 12:24PM
by Susan Edmunds
Criminal charges have been laid against a forex trader accused of misappropriating more than $837,000 and overstating investors’ positions by about $4 million. And the Serious Fraud Office says the case is another in a string of investment adviser and broker cases coming to its attention.
Rene Alan Chalmers, 42, had been investigated by the SFO and is now facing 15 charges of theft by a person in a special relationship, dishonestly taking or using a document and false statement by a promoter.
The charges relate to his activities trading foreign exchange on behalf of clients, and to three property purchases.
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