US EditionScam of the day – July 23, 2025 – Justice Department Charges Two With Forex Trading Pyramid and Ponzi Scheme
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Scam of the day – July 23, 2025 – Justice Department Charges Two With Forex Trading Pyramid and Ponzi Scheme
Many people are probably not familiar with forex trading. Forex trading is the name for the very speculative investing in trading foreign currencies. It definitely is not an investment for inexperienced investors and while it certainly is legal, there have been many scammers who use forex trading as a hook to scam people. Recently, Michael Shannon Sims and Juan Carlos Reynoso were charged with wire fraud and money laundering related to the act…
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