|
|
Article: Aussies stung in global fraud.
- Article from:
- Australasian Business Intelligence
- Article date:
- November 20, 2001
CopyrightCOPYRIGHT 2001 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Nov 21, 2001 (Herald Sun
ABIX via COMTEX) -- Two bankers are facing fraud charges in the US in relation to schemes to outwit investors. The Federal Bureau of Investigation (FBI) has the pair in custody, over their alleged 14-nation, $A200m fraud. The pair used three companies, First Equity Enterprises, Evergreen International Spot Trading and Forex International, to advance their schemes. About $A80m is alleged to have been taken from Australian investors, among 1,400 international victims of the fraud. The FBI has located a portion of the funds and has frozen the accounts.
UNITED STATES. FEDERAL BUREAU OF
INVESTIGATION:
FIRST EQUITY ...