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Shustak Reynolds & Partners Investigating Potential Forex Fraud

By George C. Miller, Esq. of Shustak Reynolds & Partners, P.C. posted on Wednesday, December 10, 2014.

Shustak Reynolds & Partners is investigating a large potential fraud perpetrated by Michael Atkins, April Samson and others through several entities, including Aureus Capital, Pte. Ltd., a foreign exchange (Forex) trading firm purportedly based in Singapore.  The company shuttered operations in the summer of 2014 and claimed to be migrating its operations to a newly-formed New Zealand company, Asia Pacific Financial Limited.  Hundreds of individuals who invested through the company since have been unable to contact company representatives and fear their funds may have been squandered and misappropriated.  Singapore authorities reportedly have initiated an investigation into the activities of Aureus, Atkins, Samson and others involved in the scheme.

Forex accounts managed by third parties provide an excellent opportunity for fraudsters to take advantage of investors and misappropriate client funds.  Unlike most investments, global foreign exchange investments are not heavily regulated, yet they are among the most frequently traded investments worldwide.  According to the most recent survey by the Bank of International Settlements, international turnover in foreign exchange investments averaged $5.3 trillion per day with most trading concentrated in the U.S., United Kingdom, Singapore and Japan.

Shustak Reynolds & Partners, with offices in New York and California, has a national reputation for helping victims of investment fraud recover their losses.  If you, or anyone you know, believes they may have been the victim of a fraudulent investment scheme involving foreign exchange or other investments, please contact our firm today.

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