Montrose man, former FBI agent, arrested for foreign currency trading scheme

Former FBI agent arrested in Montrose for alleged commodities fraud

A Montrose resident and former FBI agent was arrested Thursday on fraud allegations in a foreign currency trading scheme.

Montrose man, former FBI agent, arrested for foreign currency trading scheme

MONTROSE, Colo. (KREX) – A federal grand jury indicted a Montrose man and former FBI agent for a foreign currency - or forex - trading scheme, U.S. Attorney Dawn Ison said. Jeffrey Royer, 61, is charged with one count of commodities fraud and one count of wire fraud. Royer faces up to 25 years for the first count and 20 years for the second. The FBI - assisted by the Montrose Police Department - arrested Royer Thursday “Investment fraud is simp…