The boss of a London FX firm was found guilty of seven counts of fraud for his role in a Ponzi-style scheme that claimed to be a legitimate investment company.
Anthony Constantinou, who ran a number of corporate entities that made up the Capital World Markets brand, was accused of fraudulent trading and money laundering between 2013 and 2015. Prosecutors said CWM lured small-time investors in with the promise of “remarkable returns.”
Source: FX Boss Convicted of Fraud Over Fake London Investment Firm – Bloomberg
